News

Corte Madera, Calif. -- Restoration Hardware Holdings Inc. reported Friday a loss of $28.4 million for the quarter ended Feb. 2, compared with a profit of $24 million in the year-ago period. Results, impacted by costs associated with the company’s November 2012 IPO, edged analysts’ expectations.

Revenue surged 30% to $398.1 million from $305.2 million last year, beating Wall Street’s forecast of $390.5 million. Same-store sales advanced a hefty 26%.

CORTE MADERA, Calif. — Restoration Hardware Holdings Inc. reported Friday a loss of $28.4 million for the quarter ended Feb. 2, compared with a profit of $24 million in the year-ago period. Results, impacted by costs associated with the company’s November 2012 IPO, edged analysts’ expectations.

Revenue surged 30% to $398.1 million from $305.2 million last year, beating Wall Street’s forecast of $390.5 million. Same-store sales advanced a hefty 26%.

NEW YORK — The revolving door continues to turn at Penney with the news that Ron Johnson-appointee Nick Wooster, SVP of product and design is out while company veteran Ken Mangone has returned to the fold. 

Mangone, who left Penney last December after 35 years with the company, is returning to his previous post as EVP of product development, design and sourcing. His return is one of new CEO Myron Ullman’s first major moves in personnel.

Chairman, president and CEO of Fast Retailing Tadashi Yanai is among the 2013 Time 100, the magazine's annual list of the 100 most influential people in the world. 

Yanai was the only retail and CPG company executive to make the list. Other notables with a connection to the retail industry included Samsung CEO Oh-Hyun Kwon, Paypal co-founder Elon Musk and fashion designer Michael Kors. The complete list will appear in the April 29 issue of Time, available now.

Walmart has rolled out a new line of Disney paints and specialty finishes available exclusively at select Walmart stores.

The Disney Paint line consists of “112 exclusive colors grouped into three palettes, with imaginative Disney-themed names, designed to give parents and children options at every stage, from infant to tween,” said Jason Stewart, director of softlines product development for Disney Consumer Products. 

Lowe's has released its Corporate Social Responsibility Report Card, which covers education, environment and more. 

“To achieve greater progress for our communities and our company, we continue to build on our commitment to never stop improving,” said Robert Niblock, Lowe’s chairman, president and CEO. “We’re focused on carrying out those responsibilities every day with the help of our 245,000 employees across North America.” 

HOUSTON — Specialty retailer Francesca's has appointed Laurie Ann Goldman and Joseph O'Leary to its board of directors.

Goldman has been CEO of rapidly growing Spanx, makers of slimming intimates and body shapers, since 2002. Prior to joining privately held Spanx, she spent 10 years at the Coca-Cola Company in a number of leading marketing roles. Earlier in her career, she held marketing positions at R.H. Macy and Maison Blanche Stores. Goldman currently serves on the advisory board for Suntrust Banks.

DALLAS — First quarter 2013 net sales at Kimberly-Clark Corporation rose by a little more than 1% to $5.3 billion compared to the same period last year. The company posted record profits, up 12% to $783 million from $700 million in the same quarter last year.

Strong sales of new products and fleece allowed athletic performance brand Under Armour to grow sales 23% to $472 million during its first quarter ended March 31.

Despite the solid increase in sales, the 12th consecutive quarter of revenue growth in excess of 20%, net income tumbled 47% to $8 million, or 7 cents a share, due largely to the timing of marketing expenses associated with the company’s largest ever global marketing campaign.

LOS ANGELES — PriceGrabber, a leading online shopping site, has upgraded its mobile shopping application for iPhone. 

The mobile app facilitates comparison shopping so consumers can find the lowest price on millions of products from thousands of online merchants and local stores. Popular shopping categories include digital cameras, TVs, electronics, home goods, computers, clothing and beauty.