Gap Inc. said that profit for the quarter ended April 28 was flat compared with the year-ago period, but its results beat Wall Street forecasts and prompted the retailer to raise its outlook for the year.
Aeropostale said that net income for the first quarter narrowed to $10.6 million, from $16.4 million in the same period last year.
The Buckle Inc. reported Thursday that profit for the quarter ended April 28 increased 13% to $37.8 million, compared with $33.5 million in the year-ago period, as shoppers spent more in the teen retailer’s stores and online.
Stein Mart said that net income for the quarter ended April 28 slid 26% to $11.8 million, compared with $15.9 million in the same period last year.
Taubman Centers said that it will begin construction this summer on its 640,000-sq.-ft. Mall of San Juan, in San Juan, Puerto Rico.