FINANCE

Abercrombie & Fitch surprises with big swing to profit in Q1

BY CSA STAFF

New Albany, Ohio — Abercrombie & Fitch Co. said Wednesday that overseas strength pushed its net income to $25.1 million for the first quarter, compared with a loss of $11.8 million a year earlier.

As previously reported, revenue rose 22% to $837 million, helped by a 64% surge in international revenue.

Abercrombie is closing struggling stores in the United States and looking for other ways to trim costs, including combining its two U.S. distribution centers and trimming the size of its Gilly Hicks stores, the Associated Press reported. The retailer is targeting new locations in China, Hong Kong, Paris and Dublin, among others.

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FINANCE

Chico’s reports 30% rise in Q1 profit

BY CSA STAFF

Fort Myers, Fla. — Chico’s FAS said Wednesday that profit for the first quarter was $45.9 million, compared with $35.4 million in the year-ago period.

Net sales increased 11.5% to $537.2 million, from $481.6 million in last year’s first quarter. Consolidated same-store sales rose 7.7%.

The operator of Chico’s, White House|Black Market and Soma Intimates said it anticipates opening 21 net new stores in the May-June 2011 time frame.

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News

Amazon to expand customer service center

BY CSA STAFF

GRAND FORKS, N.D. — Amazon.com announced that it plans to expand its customer service center in Grand Forks, N.D., creating more than 200 full-time jobs and hundreds of seasonal jobs at the facility by the end of 2012.

“We are pleased to be investing further in our Grand Forks customer service center, creating hundreds of additional jobs in the community,” said Pete Boudreaux, senior site leader, Amazon customer service. “We’re looking for great people who are excited about giving Amazon customers a first-class shopping experience.”

Amazon is currently recruiting candidates for customer service jobs at the Grand Forks center. Employees at Amazon’s customer service center support customer calls and emails from around the world.

Amazon will be conducting an informational session for interested candidates at the Alerus Center, 1200 S. 42nd St., on May 26 from 4:00 p.m. to 7:00 p.m. Candidates can also apply for jobs at www.amazon.com/careers.

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