OPERATIONS

Barneys launching a permanent off-price website

BY Katherine Boccaccio

New York — Barneys New York said Thursday it will launch its off-price website Barneyswarehouse.com on Monday, following a two-week pilot in August. Merchandise on the warehouse site will be past-season sale items at discounts of up to 75% off retail, and will be used along with its brick-and-mortar outlets for liquidation.

“[The new site] fits with our strategy to build all of these digital properties,” Daniella Vitale, chief merchant and EVP of Barneys, told fashion report Zee, adding that the retailer is considering other product categories and classifications for future e-commerce sites.

“The online business is explosive and the fastest-growing business we have,” added Vitale. “It will be no different for the off-price component. The warehouse sale is [a factory] outlet in the same way that Barneys.com is a flagship and should reflect the Madison Avenue location.”

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FINANCE

Tractor Supply Q4 profit up

BY Katherine Boccaccio

Brentwood, Tenn. — Tractor Supply Co. reported that net income for the quarter was $79.5 million, compared with net income of $70.5 million in the fourth quarter of the prior year.

Net sales for the fourth quarter increased to $1.29 billion, or 3.7% over the prior year’s 14-week period.

Same-store sales increased 4.7%, compared with a strong 7.6% increase in the prior-year period.

The company opened 25 new stores in fourth quarter 2012, compared with 31 new store openings in the prior year’s fourth quarter.

For the full year, the company reported that net sales increased to $4.66 billion, or 10.2% over the prior year’s 53-week period. Same-store sales increased 5.3%, compared with an 8.2% increase in fiscal 2011.
For fiscal 2012, net income was $276.5 million, compared with net income of $222.7 million for fiscal 2011.

The company opened 93 stores and closed two stores during fiscal 2012 compared to 85 new store openings and one store closure during fiscal 2011.

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REAL ESTATE

Lids to operate temporary Super Bowl stores in New Orleans

BY Katherine Boccaccio

Indianapolis — Lids Sports Group and the National Football League announced Thursday that Lids will manage multiple retail locations in New Orleans, in addition to operating the principal NFL Shop at Super Bowl Presented by Visa.

The temporary stores are located within the French Quarter, Riverwalk, and local NFL host hotels as a means to offer Super Bowl spectators alternate sites to purchase official fan gear prior to the NFL season’s championship game.

Each temporary store will incorporate many of the interactive elements found at the 30,000-sq.-ft. retail component of the NFL Experience Driven by GMC, to include a Tervis Tumbler tailgate toss area and Fathead photo booth with a coinciding daily Twitter photo contest.

The NFL Shop at Super Bowl Presented by Lids locations are open through Monday, Feb. 4.

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