Nashville, Tenn. -- Kirklandโs net profit in its fiscal third quarter as operating expenses and cost of sales rose, and same-store sales declined. But its results still beat Wall Street's expectations. The company earned $1.2 million, compared with $2.3 million a year earlier. Operating expenses rose 8% to $31.3 million, while the company's cost of sales rose 7% to $60.9 million. Sales rose 5% to $97.1 million, from $92.7 million. Same-store sales were down 3.6%.
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Dov Charney, the somewhat creepy and financially plagued American Apparel founder, may have some skeletons in the closet. How do we know? American Apparelโs director of marketing reportedly just got a huge, huge advance to write a tell-all.
Phoenix -- PetSmart Inc. reported Thursday that net income for the quarter ended Oct. 30 rose 22% to $56.2 million, from $45.6 million a year earlier. Revenue rose nearly 8% to $1.5 billion from $1.4 billion, just beating Wall Streetโs expected $1.49 billion in revenue. Same-store sales increased 6.1%.
Self-Service Networks is deploying 100 of its GiftWise kiosks in 100 malls owned by General Growth Properties. The gift card-vending solutions will be up just in time for the properties' 2011 holiday shopping season.
Williams-Sonoma reported that profit for the third quarter rose 19 percent to $43.4 million from $36.5 million in the same period last year. Revenue rose 6 percent to $867.2 million, compared with $815.5 million last year, solidly beating Wall Streetโs expected $855.7 million in revenue.
Though there are already plenty of great deals on everything from e-readers and smartphones to apparel and toys, Americans know there's only one Black Friday โ and the best is yet to come.
T-shirt designers sometimes seem embroiled in a race to the bottom of the offensiveness barrel. However, one purveyor gives us hope with its cute new shirt for girls who get As in math. ThinkGeek is offering its "No, I Will Not Do Your Math Babydoll" in women's and girl's sizes.
Chesapeake, Va. -- Dollar Tree reported Thursday that profit for the third quarter rose 12.1% to $104.5 million, from $93.2 million a year earlier. Revenue rose 11.9% to $1.6 billion, surpassing Wall Streetโs expected $1.58 billion. Performance has been consistent with the strength of the category, as the discounter has recorded double-digit year-over-year percentage revenue increases over the past five quarters. Same-store sales rose 4.8% in the third quarter. "I am very pleased with the companyโs performance in the third quarter," said president and CEO Bob Sasser. โDollar Tree achieved double-digit growth in sales, operating margin and earnings per
Etsy launched a mobile app for shoppers. Spokesperson Adam Brown said Etsy for the iPhone is designed to help shoppers find unique gifts whether they're in front of their computer, iPad or phone - at work, home or anywhere in-between. Brown said the tool would be helpful for Etsy sellers as well. Sellers will be able to use the app to view and manage shop orders, make quick updates to their shop, and receive alerts when a buyer makes a purchase. Etsy Director of Mobile Leland Rechis led the product team in developing the mobile shopping app for Etsy
J.C. Penney and Esquire magazine have collaborated to launch Cladmen, an online men's clothing and accessories store that will rely heavily on editorial content to bring shoppers to the site. The site includes style advice and fashion picks from Esquire editors.