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SRS appoints director of research
Dallas — SRS Real Estate Partners has appointed Matias Campins as director of research to the Dallas/Ft. Worth headquarters office. Campins will oversee the delivery of research services across the company and stay informed of research platform capabilities to ensure competitiveness within the retail industry.
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Lumber Liquidators has solid Q4; will open 30-40 stores
Toano, Va. – Lumber Liquidators reported impressive results for the fourth quarter and fiscal year 2013. For the quarter, net income increased 50.6% to $20.8 million, from $13.8 million in the fourth quarter of the prior year.
Net sales increased $47.8 million to $258.4 million in fourth quarter 2013, from $210.7 million in fourth quarter 2012. Same-store sales increased 15.6% for the quarter, driven by an 8.6% increase in the number of customers invoiced and a 7% increase in the average sale.