FINANCE

Casual Male swings to profit in Q3, ups guidance

BY CSA STAFF

Canton, Mass. — Casual Male Retail Group said Thursday it swung to a profit of $0.3 million in the third quarter, compared with a loss of $1.4 million a year earlier.

Total sales edged up 1.4% to $89.9 million, and same-store sales increased 3%.

Casual Male Retail Group, the largest retailer of big and tall men’s apparel with operations throughout the United States, Canada and Europe, operates 445 Casual Male XL retail and outlet stores; four Destination XL stores; 17 Rochester Clothing stores; and direct-to-consumer businesses, which include several catalogs and e-commerce sites.

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FINANCE

New York & Co. swings to profit in Q3

BY CSA STAFF

New York City — New York & Co. said Thursday that net income for the quarter ended Oct. 30 was $1.9 million, compared with a per-share loss 11 cents in the year-ago period.

Net sales were $238.2 million in the quarter, up from $227.9 million a year earlier. Same-store sales rose 3.6%.

New York & Co. currently operates 579 stores in 43 states.

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FINANCE

Stein Mart profit rises in Q3

BY CSA STAFF

Jacksonville, Fla. — Stein Mart reported Thursday that net income for the quarter ended Oct. 30 was $4.3 million, compared with net income of $3.2 million a year earlier.

Net sales were $267.9 million, a decrease of 0.9% from $270.2 million in 2009. Same-store sales increased 0.3% for the quarter.

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