FINANCE

Aeropostale net income edges up in Q3

BY Katherine Boccaccio

New York — Aeropostale reported Thursday that profit for the third quarter rose to $24.9 million, from $24.1 million last year.

Sales increased 2% to $605.9 million, beating Wall Street’s expected $601.2 million. Same-store sales dipped 2%.

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FINANCE

Barnes & Noble swings to profit in Q3

BY Staff Writer

New York — Barnes & Noble reported Thursday net income of $2.2 million for the quarter ended Oct. 27, compared with a loss of $6.6 million in the year-ago period.

Revenue was nearly flat at $1.88 billion, missing Wall Street’s expected $1.91 billion in revenue.

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November same-store hurt by Hurricane Sandy

BY Katherine Boccaccio

New York — Many retailers blamed Hurricane Sandy for weak sales in November, although some companies were buoyed later in the month by a long Thanksgiving weekend.

Eighteen retailers reported that sales in November through last Saturday were up 1.7% compared with the year-ago period, according to the International Council of Shopping Centers. That is below the anticipated forecast for a 4.5% to 5.5% gain.

Among the specialty store retailers that reported November comp results, Limited Brands was a big winner – reported a 5% increase in same-store sales and beating analysts’ expected 3.1% rise. Total sales rose to $922 million from $872.6 million.

Gap Inc. recorded a 3% same-store sales increase, but missed Wall Street’s estimated 3.9% rise. By banner, comps climbed 5% at namesake stores, were up 3% at Banana Republic and edged up just 1% at Old Navy stores.

Buckle surprised analysts with a .1% drop in November same-store sales, after a 2% increase was forecast. Wet Seal, on the other hand, beat Wall Street expectations, declining 5.4% when a 6.8% drop was predicted.

Among other results:

  • Cato same-store sales dipped 2%;
  • Stage Stores posted a 13.2% rise.
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