Bebe sales up in Q1, will open 30 stores this year
Brisbane, Calif. — Bebe Stores reported Thursday that revenue for the quarter ended Oct. 1 rose 7.1% to $116 million, missing Wall Street’s expected $124.1 million in sales.
Same-store sales for the quarter rose 7%.
The apparel retailer said it is focused on international growth and expects its international licensees will grow by up to 30 freestanding stores and 30 shops inside department stores in the fiscal year.
Publix opens expanded store at Sarasota Village
Sarasota, Fla. — Publix will open a new 45,600-sq.-ft. store at Sarasota Village.
According to Brixmor Property Group, which owns the community shopping center, Publix is expanding from a 36,960-sq.-ft. store, open since 1972, and has redesigned and expanded in conjunction with the redevelopment of the center.
The opening of the new Publix store marks the completion of the redevelopment at Sarasota Village, which included improvements to the building façade for the retailers surrounding Publix, along with new landscaping, lighting, and an improved parking field.
Village Super Market Q4 adjusted profit rises
Springfield, N.J. — Village Super Market, which operates 28 supermarkets under the Shop Rite name in the Northeast, reported Thursday that net income for the fourth quarter was $8.8 million, an increase of 14% after backing out the extra week in last year’s fourth quarter.
Without the adjustment, net income fell from $8.9 million a year earlier.
Revenue rose nearly 1% to $345 million from $342.7 million. After excluding the extra week, revenue increased nearly 8%. Same-store sales rose nearly 8% excluding the extra week.