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Bank of America Merchants implement First Data solution

BY Staff Writer

Atlanta — First Data Corp. announced that Bank of America Merchant Services will offer the First Data OfferWise solution to all eligible merchants’ 650,000 U.S. locations through 2Go Media’s iDeals Marketing Platform.

The integration of the First Data OfferWise solution through an API developed by CardSpring will allow Bank of America Merchant Services customers to electronically attach offers such as deals, eCoupons and loyalty programs to one or more of a consumer’s payment cards or mobile wallets to enable automatic redemption of the offer at the point of sale. The iDeals marketing platform publishes these offers to leading deals sites, local shopping directories and search engines to reach millions of consumers.

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Dillard’s delivers 97% EPS growth

BY CSA STAFF

LITTLE ROCK, Ark. — Dillard’s posted an impressive 97% increase in earnings per share for its second quarter ended July 28. Net income for the quarter was $31 million, or 63 cents per diluted share, compared with net income of $17.6 million, or 32 cents per diluted share, for the same period last year.

Net sales for the quarter were $1.5 billion compared with net sales for the prior year period of $1.442 billion. Sales in comparable stores increased 3%.

Sales trends were strongest in ladies’ accessories and lingerie, followed by shoes and cosmetics. Weakest performing categories were home and furniture and juniors’ and children’s apparel. Sales trends were strongest in the Central region, followed by the Eastern and Western regions.

Dillard’s Chief Executive Officer, William T. Dillard, II, stated, “Continuing on the momentum of a successful first quarter, we are proud to report a 97% increase in second quarter earnings per share. Our 3% sales increase combined with gross margin improvement and control of our expenses enabled us to report a notable improvement in operating results today.”

At July 28, the company operated 285 Dillard’s locations and 18 clearance centers spanning 29 states and an Internet store at www.dillards.com. Total square footage at July 28 was 52.4 million.

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West Coast sports chain shows growth potential

BY CSA STAFF

LOS ANGELES — With just 54 stores located throughout California, Arizona, Nevada and Utah, Sport Chalet may not appear to be much of a threat to the bigger sporting goods players, but with growing sales, particularly online, the specialty chain could prove to be something to watch out for.

Sport Chalet, founded in 1959 by Norbert Olberz, is a leading, full service specialty sporting goods retailer with 54 stores in California, Arizona, Nevada and Utah; Sport Chalet online at www.sportchalet.com; and a Team Sales division. The Company offers over 50 specialty services for the sports enthusiast, including climbing, backcountry skiing, ski mountaineering, avalanche education, and mountain trekking instruction, car rack installation, snowboard and ski rental and repair, Scuba training and certification, Scuba boat charters, team sales, custom golf club fitting, racquet stringing, and bicycle tune-up and repair at its store locations.

Sport Chalet reported that sales for its first quarter ended July 1 increased 1.2% to $83.8 million from $82.8 million from the same period last year, thanks to a 2.9% increase in comparable-store sales. Online sales were up 7%.

Net income for the quarter ended July 1 increased $0.9 million to $0.1 million, or 1 cent per diluted share, compared with a net loss of $0.8 million, or $0.06 per diluted share, for the quarter ended July 3, 2011.

Craig Levra, chairman and CEO, stated, "We are happy with our first quarter results as we rebounded from the unseasonably warm and dry winter weather that significantly affected our sales and profitability in the third and fourth quarter of fiscal 2012. This quarter marked the first profitable first quarter in the past five fiscal years as we improved to net income of $0.1 million from a net loss of $0.8 million last year. This result validates our belief that the consistent improvements we have made to our business over the past few years have positioned us to return to profitability for fiscal 2013."

The company said it has promoted Danielle Dolloff to the newly created position of VP planning and logistics to lead its efforts for increased vendor collaboration.

As previously announced, the company currently plans to open a store in May 2013 in Downtown Los Angeles. The store will occupy 26,800 square feet of space.

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