Tag Archives: Same-store sales

Stein Mart to Open Six Stores This Fall

Stein Mart

JACKSONVILLE, Fla.-Stein Mart will open six new locations this fall as part of its 2014 expansion plan, which calls for a total of nine new stores and seven relocations. The new stores are located in Albuquerque, N.M.; Carlsbad, Citrus Heights and Clovis, all in Calif.; Delray Beach, Fla.; and Gainesville, Va. In addition, Stein MartMore »

Last updated: September 10, 2014

Burlington Stores Slims Q2 Loss

Burlington Stores

BURLINGTON, N.J.-Sales gains on both a total and same-store basis helped narrow Burlington Stores’ second-quarter net loss from $25 million last year to $6.5 million this year. Net sales for the quarter, which ended on Aug. 2, rose 8.3 percent to $1 billion, while same-store sales gained 4.7 percent. The latter followed on a same-storeMore »

Last updated: September 9, 2014

Belk Q2 Net Up 0.3 Percent, to Invest in Strategic Initiatives

Belk

CHARLOTTE, N.C.-Belk’s second-quarter net income edged up 0.3 percent as sales for the southern department-store retailer gained marginally. Net sales in the quarter, which ended on Aug. 2, totaled $906.5 million, an increase of 0.8 percent and including a pickup of 0.6 percent in same-store sales. “While the beginning of the quarter was soft, salesMore »

Last updated: August 29, 2014

Tuesday Morning Cuts Losses for Q4, FY

TuesdayMorning_2014

DALLAS-Thanks to increased sales and margins, along with lower expenses, Tuesday Morning was able to drain some of the red ink from its bottom line for both the fourth quarter and the fiscal year ending on June 30. The fourth-quarter net loss totaled $7.4 million, compared to last year’s net loss of $15.6 million inMore »

Last updated: August 22, 2014

Mattress Firm Q2 Sales Climb 35.5 Percent

Mattress Firm

HOUSTON-Mattress Firm’s second-quarter net sales rose 35.5 percent to $410 million, according to a preliminary statement from the specialty retailer. The jump in the top line owed to a 9.7 percent gain in same-store sales along with the addition of new and acquired stores, the statement said. “Our sales performance has been consistently strong inMore »

Last updated: August 11, 2014

Target Data-Breach Expenses Expected to Total $148 Million in Q2

Target

MINNEAPOLIS-In a preliminary statement about its second-quarter financial results, Target said it expects those results to include gross expenses of $148 million related to the December 2013 breach of data about shoppers’ payment cards and other information. These costs will be partially offset by a $38 million insurance receivable, also related to the data breach,More »

Last updated: August 5, 2014

Havertys Sales Gain in Q2

Havertys

ATLANTA-Havertys posted a second-quarter increase of 2.4 percent in net sales, to $175.1 million, according to a preliminary statement on the quarter, which ended on June 30. The sales pickup included a 3.2 percent rise in same-store sales. Clarence Smith, Havertys’ chairman, president and CEO, said the retailer experienced growth in sales of upholstery, mattressesMore »

Last updated: July 8, 2014

Sears Hometown and Outlet Net Falls in Q1

SearsHometownAndOutlet

HOFFMAN ESTATES, Ill.-Lagging sales, especially for comparable stores, led to a 75.5 percent dropoff in first-quarter net income for Sears Hometown and Outlet Stores, to $3.7 million. Net sales in the quarter, which ended on May 3, were down 1.9 percent to $589.9 million. Same-store sales for the company as a whole fell 6.2 percent,More »

Last updated: June 6, 2014