Crabtree & Evelyn’s new 1,220-sq.-ft. prototype, at Woodfield Mall, Schaumburg, Ill., pays homage to the brand’s heritage while reflecting the modern sensibility of its marketing and product line. Serene colors and ivory-colored fixtures with blue accents establish a relaxed environment. Elements of the prototype, designed by RGLA Solutions, Schiller Park, Ill., will be customized for individual stores to reflect regional character.… Bloomingdale’s has landed in South Coast Plaza, Costa Mesa, Calif., with a splash, opening a 291,000-sq.-ft., three-level showcase whose facade glows white at night. The local palette is reflected in the store design, which has a more casual attitude than the chain’s New York City and San Francisco flagships. Still in the works are two four-star restaurants, including one in partnership with chef/restaurateur Charlie Palmer, who will also operate a wine store on site. The next Bloomies opening is set for this fall, in Chevy Chase, Md.… Ed Hardy is set to open a two-level, 5,500-sq.-ft. flagship in Manhattan’s SoHo neighborhood. The hot new company (it was founded just last year) specializes in apparel and accessories for men, women and children inspired by the designs of famed tattoo artist Don Ed Hardy. Other upcoming locations include Miami Beach, Fla., and Los Angeles (at the Beverly Center).… High-end British stationery retailer Symthson opens its first West Coast location this summer, in Beverly Hills. The 2,000-sq.-ft. store will house a small museum featuring items from the company’s archives, including examples of Princess Diana’s and Sigmund Freud’s personal stationery.
Chute Gerdeman Retail, Columbus, Ohio, has been retained by the National Association of Store Fixture Manufacturers (NASFM) to lead a re-branding effort to reflect the group’s long-term strategic direction. The new brand strategy, which will include name, identity and logo, will be unveiled at NASFM’s annual convention in November.
Fitch, Columbus, Ohio, has appointed Mark Miller as studio director to lead one of the creative teams in the Columbus studio. He was formerly with The Longaberger Co. … Robert G. Lyons and Associates, Schiller Park, Ill., is now operating under a new corporate entity known as RGLA Solutions (RGLA).
Sears comps hurt by energy costs
HOFFMAN ESTATES, Ill. Sears Holdings today reported net income of $216 million, or $1.40 per diluted share, for the first quarter ended May 5, compared with net income of $180 million, or $1.14 per diluted share, for the first quarter ended April 29, 2006.
“In part, our domestic operating results reflect the impact of some of the same challenges being faced by our customers, such as rising energy costs and a slower housing market,” said Aylwin Lewis, Sears Holdings’ ceo and president. “However, as an organization, we need to overcome these factors by better controlling costs and developing innovative solutions that better meet our customers’ needs and allow us to generate a more reasonable level of profitability even in the face of such challenges.”
Domestic comparable-store sales declined 3.9% during the first quarter of fiscal 2007. Sears domestic comparable-store sales declined 3.4% for the quarter, while Kmart comparable-store sales declined 4.4%. We believe these declines reflect both increased competition and the impact of external factors such as rising energy costs, a slower housing market and poor weather conditions during the latter part of the first quarter of fiscal 2007. Kmart experienced lower transaction volumes across most merchandise categories, most notably within home goods, health and beauty products, and food and consumables. Similarly, Sears domestic recorded comparable-store sales declines across most merchandise categories and formats, with a notable decline in home appliance sales, which we believe reflects both a slower U.S. housing market and the impact of increased competition.
Big Lots 1Q net sales up 3.4%
COLUMBUS, Ohio Big Lots today reported first quarter fiscal 2007 income from continuing operations of $29 million, or 26 cents per diluted share, compared to income from continuing operations of $14.5 million, or 13 cents per diluted share, in the first quarter of fiscal 2006. Including the impact of discontinued operations, first quarter fiscal 2007 net income totaled $28.8 million, or 26 cents per diluted share, compared to $13.7 million, or 12 cents per diluted share, in the prior year.
Net sales for the first quarter ended May 5, increased 3.4% to $1.13 billion, compared to $1.1 billion for the same period in fiscal 2006. Comparable-store sales for stores open at least two years at the beginning of the fiscal year increased 4.9% for the quarter.
For the second quarter 2007, the company expects income from continuing operations of 7 cents to 10 cents per share versus income from continuing operations of 4 cents per share last year. Comparable-store sales are expected to increase 2% to 4%, compared to a 5.2% comparable-store sales increase recorded last year.
For fiscal 2007, the company expects income from continuing operations of $1.25 to $1.30 per share versus income from continuing operations of $1.01 per share last year.