Tough Times for Bon-Ton in Q1

NEW YORK – Shares of The Bon-Ton Stores lost nearly 10% of their value in Nasdaq trading Thursday after the York, Pennsylvania-based department store group reported a larger first quarter loss and estimated that 2007 results would be at the low end of estimates. The company cited unfavorable April weather in its explanation of the […]

Stein Mart’s Q2 Stock Stunner

NEW YORK – Shares of Stein Mart lost one-seventh of their value in Nasdaq trading Thursday after the company issued a pessimistic second quarter forecast that drowned out the effects of its higher first quarter profits. For the 13 weeks ended May 5, net income was up 7.3% to $8.1 million, or $0.18 a diluted […]

HSFI Honors Herschlag, Reese

NEW YORK – Jack Herschlag received the Lifetime Achievement Award and Tracy Reese was named Designer of the Year Wednesday as the High School of Fashion Industries came pretty close to recreating the guest list at the National Association of Men’s Sportswear Buyers’ parties over the years. Joining Herschlag, former executive director of NAMSB, on […]

Abercrombie & Fitch Q1 profit rises 7%

Youth apparel retailer Abercrombie & Fitch Co today (24 May) posted a 7% rise in first quarter profit, helped by better gross margins and tight control of variable expenses. For the three months to 5 May, net income at the New Albany, Ohio-based company was $60.1m compared with $56.2m in the same quarter last year. […]

Shoe Carnival Q1 profit slips 1.4%

Value-priced footwear and accessories retailer Shoe Carnival Inc on Thursday (24 May) said first quarter profit slipped 1.4% on disappointing early spring footwear sales. For the quarter ended 5 May, net earnings were $7.3m, or $0.53 per diluted share, compared with $7.4m, or $0.54 per diluted share, in the same period last year. Net sales […]

Foot Locker trips up as Q1 profit falls 71%

A weak performance in its US businesses has led to a 71% slump in first quarter profit at athletic footwear retailer Foot Locker Inc. Net income for the three months to 5 May was $17m, or $0.11 per share, compared with $59m, or $0.38 per share, last year. The New York-based specialty retailer today (24 […]

Fadel Returns to Ashworth as Others Exit

NEW YORK – Edward Fadel has rejoined golfwear supplier Ashworth Inc as president. He succeeds Gary (Sims) Schneiderman, who has left the firm. Ashworth also said Thursday that Peter Holmberg has resigned as executive vice president of green grass sales and merchandising of the Carlsbad, California-based firm in order to return to his home in […]

Q1 profit drop of 47% within Limited Brands’ guidance

Limited Brands on Wednesday (23 May) reported reduced first quarter profits that fell within the lower guidance it had provided last week. However, the Columbus, Ohio-based specialty store firm, which is in the process of reducing its apparel assets, said that its May same-store sales would decline in the low-single digits, versus an earlier projection […]

Zumiez 46% Q1 net gain matches estimates

Boardsport lifestyle retailer Zumiez logged a 45.8% increase in first quarter profits, enabling it to match analysts’ expectations. During the three months ended 5 May, net income soared to US$1.6m, or $0.06 a diluted share, from $1.1m, or $0.04, in the year-ago quarter. The Everett, Washington-based chain’s sales escalated 44% to $68.8m from $47.8m. That […]

Hot Topic lowers Q1 loss to $809,000

Struggling teen retailer Hot Topic Wednesday (23 May) reported a reduction in its first quarter losses and forecast a nearly break-even performance in the second quarter. In the 13 weeks ended 5 May, the net loss came to US$809,000, or $0.02 a diluted share, versus a loss of $1.4m, or $0.03, in the year ago […]