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Francesca’s sees Q4 profit, comps slip; 85 stores on tap for 2014
Houston -- While 91 new stores boosted sales for the final fiscal quarter and year-end, Francesca’s Holdings Corp. saw net income for the 13-week period ended Feb. 1 slide to $10.6 million, from $14.9 million last year.
Same-store sales fell 6%, swinging from a 10% increase in the prior year quarter. Revenue surged to $92.1 million from $86.7 million, helped by 91 new boutique openings since the prior year quarter. Five of the 91 opened during the fourth quarter.
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Kanga app set to trigger local same-day delivery
Atlanta -- Crowd-sourced delivery company Kanga has launched a new iPhone and Android app that will place on-demand delivery options in the hands of local customers. The first market to pilot the on-demand shipping solution is Kanga’s home base of Atlanta.
The solution, which leverages crowd-sourced labor, is designed to connect customers and retailers with local delivery drivers.