News

Houston -- Stage Stores, Inc. reported net income of $11.2 million for the second quarter, compared with $9.6 million last year.

Total sales were $377 million. Same-store sales decreased 4.2%.

“We found the second quarter to be challenging, but we were encouraged that our sales trend improved towards the end of the quarter,” said Michael Glazer, CEO. “We expect improved second half results given our sales driving initiatives.”

San Francisco -- Gap Inc. posted a better-than-expected quarterly profit and sales and raised its full-year profit forecast, helped by strong sales at Old Navy.

Net profit rose to $332 million in the second quarter ended Aug. 2, from $303 million a year ago.

York, Pa. -- The Bon-Ton Stores, Inc. reported a loss of $36.2 million in the second quarter, narrowed from a loss of $37.3 million in the year-ago period.

Revenue edged up 1.1% to $563.5 million, compared with $557.1 million in the prior year period. Same-store sales increased 1.6%.

“We were pleased that we achieved comparable store sales growth, particularly given the challenging promotional environment and continuation of soft traffic trends,” said Brendan Hoffman, CEO.

ATM company Payment Alliance International announced Thursday that it would be partnering with Los Angeles-based SchoolsFirst Federal Credit union to brand ATMs at Rite Aid locations in the city.

Some 109 ATMs will be emblazoned with the credit union’s color and logo, and members will be able to use them without incurring an ATM fee. PAI, which owns, the ATMs, will operate and maintain them.

New York -- Dollar Tree Inc. reported that net income in the second quarter dipped 2.6% to $121.5 million, from $124.7 million a year earlier, amid higher freight costs and investments in higher-value products.

Revenue rose 9.5% to $2.03 billion, and same-store sales increased 4.5%, beating Wall Street estimates of a 2.5% rise. It was the chain’s26th consecutive quarter of positive comparable store sales growth.

During the second quarter, Ahold USA experienced a dip in sales, while its online grocery operation, Peapod, achieved double-digit sales growth.

Second quarter net sales were €4,408 million, 1.7% lower than last year at constant exchange rates. Identical sales growth excluding gas was down 1.8%, which included the negative impact of the post-Easter week falling in second quarter 2014. The retailer’s overall market share was slightly down, particularly in New England and at Giant Landover, the company stated.

By Michael Hirschfeld, senior VP of JLL’s National Retail Tenant Services

Walmart will be opening two Walmart Care Clinics in Columbus, Ga., and in Carrollton, Ga., on Aug. 29, according to a report in the Columbus Ledger-Enquirer published Wednesday.