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Chico’s grows profits, Canada expansion planned for 2013
Specialty apparel retailer Chico’s reported strong fourth quarter results and announced plans to debut a new format and enter Canada in 2013.
The company said sales for the 14 week fourth quarter ended February 2, increased 14.5% to $652 million thanks to the inclusion of an extra week in the reporting period, a 3.7% same store sales increase and a net increase of 101 new stores that expanded selling space by 8.1%. The 3.7% comp increase is noteworthy because it came on top of an 8.7% comp increase during the fourth quarter the prior year.
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Walmart Neighborhood Market to be lit entirely with LEDs
Durham, N.C. -- When Walmart Neighborhood Market in Mt. Pleasant, Wis., opens later this year, it will join the small but growing ranks of stores that are lit entirely with LEDs. The chain is installing LED technology from Cree, including more than 400 linear luminaires (CS18), for illumination – from the sales floor and pharmacy to restrooms, vestibules and backroom areas. Cree LED lighting will also be installed in the parking lot and exterior areas of the store.