Buckle posts Q2 profit, misses Street
Kearney, Neb. — Buckle Inc. reported a profit of $24.5 million in the second quarter, missing Wall Street estimates.
Quarterly revenue, however, beat analysts’ projections, as the teen apparel retailer posted revenue of $235.7 million in the period. Wall Street expected $234.2 million.
Two Walmart Care Clinics to open in Georgia
Walmart will be opening two Walmart Care Clinics in Columbus, Ga., and in Carrollton, Ga., on Aug. 29, according to a report in the Columbus Ledger-Enquirer published Wednesday.
"There's about a dozen locations that are part of the pilot program," Walmart spokeswoman Danit Marquardt told the Ledger-Enquirer. "We don't have a specific time identified for when it will go out of pilot mode" and be expanded.
Walmart currently has six primary care clinics in South Carolina and Texas. In addition to the two Georgia locaations, another four locations are slated to open by year-end, according to reports.
Children’s Place narrows loss in Q2; to expand into India
Secaucus, N.J. — The Children’s Place, Inc. reported a loss of $10.7 million in the quarter ended Aug. 2, compared to a loss of $23.6 million in the year-ago period. Sales edged up to $384.6 million, from $382.4 million for second quarter 2013.
Same-store sales increased 0.8%.
"Our sales improved significantly in the second quarter, reflecting a rebound in shopping activity with more normalized weather patterns,” said Jane Elfers, CEO. “While we expect the sector to remain highly promotional and the uncertainty surrounding the economy to continue, we are well positioned to compete effectively in the back half of 2014.”
Children’s Place also announced a partnership with Arvind Lifestyle Brands Limited to open stores in India. The first store openings – a total of 50 – are slated for fall 2015.