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Bebe reports Q2 loss
Brisbane, Calif. -- Bebe Stores reported a loss for its second quarter as bad weather cut into sales and it closed some stores.
The clothing company posted a loss of $2.7 million for the quarter compared with a profit of $2.4 million in the same period last year.
Revenue fell 2% to $132.7 million for the period that ended Jan. 1.
Same-store sales were flat for the quarter, compared with a drop of 22.5% a year earlier. -
MasterCard Advisors: Q4 sales momentum continues into January
New York City -- January saw strong growth across most retail categories, continuing the positive performance from fourth quarter 2010, albeit at a slightly slower pace, according to MasterCard Advisors SpendingPulse, a report on national retail and services sales that is based on aggregate sales activity in the MasterCard payments network and survey-based estimates for other payment forms, such as cash and check.