Aeropostale Expands in Puerto Rico
New York City Aeropostale announced plans to roll out stores in Puerto Rico. The opening of its first Puerto Rico store will be at the Plaza Carolina in Carolina, the company said.
The remainder of the initial roll out will occur in the upcoming weeks at Plaza Las Americas in San Juan, and in the latter part of the year, at The Prime Outlet Puerto Rico in Barcelonesa.
“We’re excited to be expanding Aeropostale in Puerto Rico,” said Tom Johnson, COO, Aeropostale. “We feel Puerto Rico is the natural next step as we continue to connect with our core customer, young men and women.”
The company plans to open an estimated 10 to 12 additional stores in Puerto Rico by 2010.
Puerto Rico is Aeropostale’s second expansion outside the United States. In 2007, Aeropostale opened 15 stores in Canada.
Cabela’s posts 1Q sales increase
SIDNEY, Neb. Cabela’s posted total revenue of $535.5 million for its first quarter ended March 29, an increase of 15.9% over last year’s $462.1 million.
Net income for the quarter increased 39.4% to $10 million, or 15 cents per diluted share, compared to $7.1 million, or 11 cents per diluted share, for the like 2007 period.
“We are very pleased with our 70% growth in consolidated operating income for the first quarter of the year, despite ongoing challenges in the consumer environment,” said president and ceo Dennis Highby. ” … We remain focused on improving retail store profitability and are already seeing positive benefits from initiatives we put in place last year. We have improved four-wall contribution and lowered inventory per square foot in our comp stores. At the same time, we remain on track with our store expansion plans and expect to open a new store in Scarborough, Maine, on May 15 and another in Rapid City, S.D., in August.
“We are committed to taking the necessary steps to improve our business across the board and are pleased with the traction we are getting with our initiatives to drive retail profit improvement,” continued Highby. “We remain confident our leadership position in the marketplace will afford us significant growth opportunities well into the future.”
Walgreens posts 7.9% April sales boost
DEERFIELD, Ill. Walgreens today announced April sales of $4.85 billion, an increase of 7.9% over last year’s $4.49 billion. Comparable-store sales rose 1.6% while comparable-store front-end sales decreased 3.1%.
April sales were affected negatively this year due to an earlier Easter that helped boost sales in March. Sales for the two months, combined, increased 9.2% over 2007. Comparable-store sales for March/April rose 3% while comparable-store front-end sales rose 4%.
Front-end sales for the drugstore chain were aided by allergy medicine Zyrtec, which recently switched from prescription only to over-the-counter.
Aril pharmacy sales rose 10.8% and comparable-pharmacy sales rose 4.2%.
Walgreens opened 38 drugstores in April—including four relocations—acquired eight and closed 3. At April 30, the company operated 6,614 locations.