Retail Same Store Sales Up 5%, Wholesale Same Store Sales Up 1%, Intl Same Store Sales Up 3% FORT WORTH, Texas, May 3, 2012 (GLOBE NEWSWIRE) -- Tandy Leather Factory, Inc. reported today that sales for the month of April were $5.9 million, up 3% compared to April 2011 sales of $5.8 million. Year to date sales are up 10% to $23.9 million in the current year from $21.7 million last year. Retail Leathercraft's sales rose 6% to $3.5 million compared to April 2011 sales of $3.3 million. The 76 comparable stores' sales were
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Several large U.S. retailers, including Target Corp, Macy's Inc and Gap Inc, missed sales estimates for April, as cooler weather chilled some of the enthusiasm consumers showed earlier this year.
HOLLYWOOD, Calif. , May 3, 2012 /PRNewswire/ -- Frederick's of Hollywood Group Inc. (NYSE Amex: FOH) ("Company") announced today that its comparable store sales for the four weeks ended April 28, 2012 increased 4.3% compared to the four weeks ended April 30, 2011 . The Company also announced a comparable store sales increase of 3.6% for the 39 weeks ended April 28, 2012 , compared to the 39 weeks ended April 30, 2011 . Forward Looking Statement Certain of the matters set forth in this press release are forward-looking and involve a number of risks
Ascena Retail Group is buying Charming Shoppes, owner of Lane Bryant, for about $890 million, giving it access to the plus-size women’s clothing market. Charming Shoppes also runs Fashion Bug, Catherines Plus Sizes and the direct marketing business Figi’s. Ascena, owner of the dressbarn, maurices and Justice brands, will pay $7.35 for each Charming share. That's a 25 percent premium to Charming’s closing price of $5.90 Tuesday. Ascena’s cash tender offer should roll out within 10 business days.
Wal-Mart has agreed to pay $4.8 million in back wages and damages to thousands of employees for unpaid overtime after a probe by the U.S. Department of Labor found that the retailer had violated a federal law governing overtime pay. Wal-Mart will also pay $463,815 in civil fines. According to the Labor Department, Wal-Mart failed to pay overtime to certain employees, considering them to be exempt from overtime requirements when they were, in fact, not exempt. Wal-Mart said it has already adjusted its pay practices, determining that back wages should be paid for 3,700 employees in two roles.
(GLOBE NEWSWIRE) -- The Children's Place Retail Stores, Inc. , the largest pure-play children's specialty apparel retailer in North America, today announced the appointment of Steven Baginski as Chief Financial Officer. He will report to Eric Bauer, Chief Operating Officer. Mr. Baginski, 53, has more than 25 years of financial and management experience. Most recently, he held senior level financial positions with two privately-held companies, Kellwood Company, an apparel manufacturer, marketer and retailer, where he served as CFO; and prior to that Hercules Tire & Rubber Company, where he served as Chief Administrative Officer and was responsible for Finance,
Innovations such as Google's Project Glass suggest there will come a time when we’ll no longer converse with each other, but instead exchange data like a bunch of GPS-enabled cyborgs. While that may not be quite how it plays out, a highly connected future is definitely on its way. Data already shows that more than one-third of American teens own an iPhone. It’s easy to see what life will look like for the next generation of consumers, but will marketers be prepared? That will largely depend on whether they’ve considered these five post-mobile trends.
SOUTH DEERFIELD, Mass. , May 2, 2012 /PRNewswire/ -- The Yankee Candle Company, Inc. ("Yankee Candle" or the "Company"), the leading designer, manufacturer, wholesaler and retailer of premium scented candles, today announced that Gregory W. Hunt is resigning as Executive Vice President, Finance and Chief Financial Officer, effective as of May 15 , 2012. Mr. Hunt, who joined Yankee Candle in 2010, is leaving to join a leading New York based financial services firm. (Logo: http://photos.prnewswire.com/prnh/20101110/YANKEECANDLELOGO ) "Greg has made tremendous contributions to Yankee Candle in his
Outdoor gear retailer Cabelas profit soared in its fiscal first quarter, rising 62 percent, but it was an 8 percent decline in Internet and catalog sales the area of the business that generates what the company calls its direct revenue that caught the attention of investors. Cabelas of Sidney, Neb., which operates a store in Lacey, earned a fiscal first-quarter profit of $28.8 million, or 40 cents a share, compared to net income of $17.8 million, or 25 cents a share in the same year-ago period.Revenue increased across most of the companys business segments, except for direct revenue, which