Data & Analytics

SAN JOSE, Calif. — Ebay is projecting its revenue will grow by 50% over the next three years as it develops successful strategies to maintain itself as a commerce leader.

In a company-held meeting for the financial community, Ebay said it intends to drive strong continued growth in its core Marketplaces, PayPal and GSI Commerce businesses. At the same time, the company is focused on leveraging its global mobile commerce leadership and other commerce technologies to enable new experiences for consumers and retailers.

Indianapolis -- The Finish Line said its fourth-quarter profit dropped 18% as gross margins fell and overall sales declined more than analysts expected. The chain’s adjusted earnings and same-store sales growth, however, were in-line with its expectations.

For the fourth quarter ended March 2, Finish Line reported net income of $34.3 million, down from $41.9 million a year earlier.

Memphis -- Fred's Inc. said Thursday that its fourth-quarter net income decreased 33% amid higher operating costs and restrained consumer spending. The discounter’s forecast for this year also fell below analyst expectations.

Net income for the three months ended Feb. 2 fell to $6.6 million, compared to $9.8 million the year before.

Revenue increased 7%, to $533.4 million, also below analysts’ expectations. Same-store sales were up 4.8%.    

Sunbury, Pa. -- Weis Markets has promoted Paul Stombaugh to VP/corporate controller.

Stombaugh will take on an expanded role in the company’s decision support and its strategic development. He also will continue to oversee its financial accounting and reporting functions, internal controls, treasury and budgets, Weis reported. He will continue to report to Scott Frost, SVP and CFO.

Prior to joining the company in 2010, Stombaugh worked in several progressive management roles at Foot Locker’s financial center.

Imagine a store with a back staff of robots, where items appear, almost magically, in the fitting room. A store where customers pay for their purchases in their dressing rooms, without interacting with a single salesperson. You can stop imagining … check out Hointer, an apparel (mostly men’s jeans) shop in Seattle.

Grapevine, Texas -- GameStop Corp reported a nearly 50% increase rise in fourth-quarter profit fueled by gains in its mobile and digital businesses. Profit rose to $261.1 million from $174.7 million.

Revenue for the quarter ended Feb. 2, 2013, totaled $3.56 billion compared to $3.58 billion last year. Same-store sales were down 4.6%.

ATLANTA — Safeway has agreed to install SoloHealth Station kiosks across almost 700 stores as part of a multiyear agreement, SoloHealth announced earlier this week. 

“Safeway shares our commitment of empowering consumers to take charge of their health,” stated Stephen Kendig, chief commercial officer and EVP SoloHealth. “We believe that access, awareness and education are keys to a healthy lifestyle, and we’re bringing comprehensive health and wellness services directly to Safeway’s customers.”

NEW YORK — GPShopper, a mobile solutions company focusing on applications and websites for retail brands, announced today the launch of Console 3.0. The console, which includes a content management system (CMS) and a reporting dashboard, offers cross-channel marketers the first comprehensive toolset in mobile, rivaling the full functionality of a large-scale digital or e-commerce platform.

Tampa, Fla. – Family Dollar Stores has signed a multi-year contract with Retail Sense, a marketing software company that accelerates retail and agile marketing processes. This new partnership includes the implementation of the latest release of IntelliSense marketing resource management solutions.
 

New York -- Five Below reported Wednesday that net income for the quarter ended Feb. 2 rose to $19.2 million, compared with $12.4 million in the year-ago period.

Revenue surged 38% to $173.6 million from $125.8 million in the fourth quarter of fiscal 2011. Same-store sales rose 4.4%.

For the full year, profit rose to $20 million from $16.1 million and revenue increased 41% to $418.8 million. The company said it expects to open 60 stores this year, including new markets in Texas, as well as adding units in existing markets.