FINANCE

Buckle profit dips in Q1 on higher expenses

BY Katherine Boccaccio

Kearney, Neb. — The Buckle reported Thursday that net income for the quarter ended May 4 fell slightly to $37.6 million, compared with $37.8 million in the year-ago period. Results were impacted by higher operating expenses.

Revenue increased 2.3% to $269.7 million from $263.8 million, and same-store sales edged up 1.2%.

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FINANCE

Stein Mart reports higher profit in first quarter

BY Katherine Boccaccio

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Jacksonville, Fla. — Stein Mart reported Thursday that net income for the first quarter rose to $14.7 million from $10.8 million.

Total sales increased 3.8% to $321.4 million, while same-store sales rose 1.2%.

The retailer said it expects to open four new stores, relocate two stores and close two stores during the second half of the year.

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M.Jhonson says:
May-28-2013 12:22 pm

Nice post
Ohh wow. Great post and amazing facts. Completely unaware of it. Thanks for sharing. Nanny Agency

M.Jhonson says:
May-28-2013 12:22 pm

Ohh wow. Great post and amazing facts. Completely unaware of it. Thanks for sharing. Nanny Agency

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FINANCE

Children’s Place sales, profit down in Q1

BY Katherine Boccaccio

Secaucus, N.J. — The Children’s Place Retail Stores said Thursday that net income for the first quarter dropped to $19.3 million, from $28.3 million in the year-ago period.

Revenue declined 3.5% to $423.2 million, compared to $438.5 million last year, and same-store sales fell 5.5%.

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