TOKYO -(Dow Jones)- Fast Retailing Co. (9983.TO) said Thursday that domestic same-store sales at its Uniqlo casual clothing chain declined 14.5% in November from the year-earlier month, when sales were helped by a campaign to celebrate the company's 60th anniversary and strong sales of winter clothing. Despite the on-year fall, the company said that sales in November were almost in line with its expectations. The number of customer visits to Uniqlo stores in November declined 7.0% from a year earlier on a same-store basis. Copyright © 2010 Dow Jones Newswires
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iGoDigital released an e-retailing recap in response to Black Friday and Cyber Monday 2010. Representing sales activity for successful names in online retail, iGoDigital customers experienced a surge in sales and traffic as 212 million Americans flocked to e-commerce sites and stores over the Thanksgiving weekend, and shoppers didn’t stop when they returned to work on Cyber Monday.
Express Inc.'s (EXPR) earnings fell 7.6% in its fiscal third quarter on a much higher tax expense. But the retailer's shares were up 1.5% at $16 after hours as it raised its earnings projection for the year by 4 cents to $1.31 to $1.37 a share and predicted 45 cents to 51 cents for the fourth quarter. Analysts' average estimate was 45 cents. Express, which also sees same-store sales rising by a low- to mid-single-digit percentage this quarter, sells work and casual clothing for customers in their 20s and 30s. Since breaking off from retailing giant Limited
Aeropostale Inc. is reporting net income of $58.5 million, or 63 cents per diluted share, on sales of $602.8 million for the quarter ending Oct. 30. That compares to net income of $62.6 million, or 61 cents per diluted share, on sales of $567.8 million in the same quarter last year. The casual apparel and accessories retailer (NYSE: ARO) operates 908 Aeropostale stores in 49 states and Puerto Rico, 59 Aeropostale stores in Canada and 47 P.S. from Aeropostale stores in 13 states. There are three Aeropostale stores on Oahu, according to PBN research. You're almost there... To access
Limited Brands (NYSE:LTD) said Thursday that early holiday shoppers helped the retailer achieve strong sales gains in November. The Columbus, Ohio-based company, operating stores such as Victoria’s Secret and Bath & Body Works, posted net sales for the four weeks ended Nov. 28 of $893 million, down 14.3% from $781.1 million in the same period last year. The increase was fueled by a 10% improvement in comparable-store sales, higher than the 4% expected by analysts on average in a Thomson Reuters poll. Year-to-date sales are up $7.05 billion, up 11%
Dollar General Corp. has begun upgrading many of its stores, with the hopes of attracting a wider demographic, including more affluent consumers, according to the Financial Times.
Zumiez Inc. said that its third-quarter profit more than doubled to $12.3 million, or 40 cents a share, from $5.1 million, or 17 cents a share, in the year-ago period.
Annual analysis released from ForeSee Results suggests that retailers have reason to be cautiously optimistic about the upcoming holiday season.
Lifted by higher traffic in its older stores, GAP (NYSE:GPS) reported Thursday a stronger-than-expected improvement in November same-store sales. The San Francisco-based retailer posted sales for the four-week period ended Nov. 27 of $1.51 billion, up 6.3% from $1.42 billion in the same period last year. Same-store sales were up 4% last month compared with flat sales in the year-earlier period, driven by improved results in its international, Gap North America and Banana Republic stores, partially offset by slower Old Navy sales. The results landed ahead of average analyst estimates
A full-price men’s retail site is a significant new venture for Gilt Groupe, which has built its business selling discounted designer clothing, accessories, travel, decor and, most recently, local services.