Data & Analytics

Jacksonville, Fla. -- Stein Mart reported Thursday that profit slipped to $730,000 from $1.3 million last year, but second-quarter results managed to meet Wall Street's view, as revenue climbed.
 
Sales for the period grew 2% to $276.4 million, beating the $275.9 million that analysts expected. Same-store sales rose 1.6%.

 

Casual Male accelerated the rollout of its DestinationXL format.

New York -- Aeropostale reported Friday that net income for the second quarter was $100,000, compared with $2.9 million last year.

Sales increased 4% to $485.3 million, from $468.2 million in the year-ago period. Same-store sales, including the e-commerce channel, were essentially flat, compared with a 12% decrease last year. Excluding e-commerce, same-store sales dipped 1%, compared with a 14% decrease last year.

The company has lowered its third-quarter guidance.
 

Merchant Customer Exchange is the name of a new mobile payments group in which Walmart and other leading retailers are involved.

Expectations are high that mobile payments represent the future of commerce and group of leading retailers this week formed a new organization to offer an alternative way to pay.

The group is called the Merchant Customer Exchange and currently consists of 14 retailers. Plans call for development of a payment application available for smartphones that offers secure technology to process transaction.

Nashville, Tenn. -- Kirkland reported Friday a loss of $2 million in the second quarter, widened from a loss of $480,000 in the year-ago period. Revenue edged up 1% to $91 million, missing Wall Street’s expected $94.4 million in revenue.

Same-store sales declined 3.6%.

The retailer has cut its earnings and revenue outlooks for the year.

Same-stores sales increased 4.2%, total sales increased 4.6% to $12.5 billion and operating profits advanced 10.1% to $536 million.

Impressive is how Sam’s Club president and CEO Rosalind Brewer characterized the warehouse club operator’s performance during the second quarter.

Kearney, Neb. -- The Buckle reported Thursday that net income for the period ended July 28 dipped 2% to $23.2 million, compared with $23.6 million in the year-ago period, but matching forecasts.
 
Net sales rose 2% to $215.5 million, just missing Wall Street’s expected $215.9 million in revenue. Same-store sales dipped 0.8%.

New York -- Following Wednesday reports that large retailers such as Wal-Mart Stores, Target Corp. and 7-Eleven are developing a mobile payment network, Wal-Mart confirmed on Thursday that a new company has been formed by Wal-Mart and other leading U.S. retailers to develop and deploy an m-commerce solution much like the Starbucks Square initiative that was announced last week.