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Build-a-Bear Workshop narrows loss in Q2

BY Staff Writer

St. Louis — Build-A-Bear Workshop reported Thursday that it narrowed its loss in the quarter ended July 2 to $6.7 million, compared with a loss of $8.5 million in the year-ago period.

The retailer increased total revenue 10% to $81.8 million, and consolidated same-store sales 7.1%.

The retailer cited improved efficiencies and reduced expenses for the performance improvements.

Through the first half of 2011, Build-A-Bear opened one store, closed three and relocated four. For the full fiscal year, it currently expects to open five stores and close five to 10 stores.

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Cabela’s reports rise in sales and profits for Q2, to ramp up store openings

BY Katherine Boccaccio

Sidney, Neb. — Cabela’s reported Thursday that net income for second quarter rose to $22.3 million, from $19.4 million in the year-ago quarter.

Total revenue increased 7.7% to $562.1 million, and same-store sales increased 4.4%.

"We are very pleased with the improvements in virtually all elements of our areas of strategic focus," said Tommy Millner, CEO. "We expect to realize further increases in return on capital as we continue to increase profitability and tightly manage our balance sheet for the rest of the year and beyond."

Millner said the performance, particularly from the recently opened next generation stores, will allow the outdoor retailer to accelerate new store openings, and said the chain expects to open five new stores in 2012 — four in the United States and one in Canada, the largest number of store openings in four years for the retailer.

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Whole Foods Q3 profit jumps 35%, on track to open near dozen stores

BY Katherine Boccaccio

Austin — Whole Foods Market reported Wednesday a profit jump of 35% to $88.5 million, compared with $65.7 million in the year-earlier period.

Revenue rose 11% to $2.4 billion, meeting Wall Street expectations, and same-store sales rose 8.4%.

With its strong showing, particularly as its traditional grocer peers struggle with shrinking margins and curbed spending, Whole Foods raised its full-year forecast and said it would add stores in 2011. On the heels of seven store openings in the third quarter, including three relocations, and two openings so far in the fourth quarter, the grocer said it expects to add three additional new stores in the fourth quarter and is on track to open another eight in 2012.

"We are continuing to gain market share at a faster rate than most public food retailers as reflected in our 8.5% comparable store sales growth year to date,” said Walter Robb, co-CEO of the company. "We see a new era of possibility for Whole Foods Market as customers increasingly embrace healthier lifestyles, and we look forward to accelerating our growth in the coming years."

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