FINANCE

Christopher & Banks narrows Q4 loss

BY Staff Writer

Minneapolis — Christopher & Banks Corp. narrowed its fiscal fourth-quarter loss as the company received a boost from an extra week of sales and cut costs.

The retailer posted a loss of $4.1 million for the 14 weeks through Feb. 2, compared with a loss of $53.2 million in the 13 weeks the year before.

Revenue was up 10%, to $116 million from $105.6 million. Same-store sales jumped 18.5%.

Total expenses fell 25% to $120 million.

Christopher & Banks has been closing poor-performing stores and cutting costs to help turn its business around.

"We intend to continue to build upon this foundation to drive sustainable long-term sales and earnings growth," CEO LuAnn Via said in a statement.

keyboard_arrow_downCOMMENTS

Leave a Reply

S.Hance says:
Mar-14-2013 06:36 pm

We can't really deny that we
We can't really deny that we can escape the loss. Sometimes we can really have loss but we need to do something to bring back the gain. - Aflac Assist LLC

S.Hance says:
Mar-14-2013 06:36 pm

We can't really deny that we can escape the loss. Sometimes we can really have loss but we need to do something to bring back the gain. - Aflac Assist LLC

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
FINANCE

Men’s Wearhouse posts Q4 loss; exploring alternatives for its K&G business

BY Marianne Wilson

Houston — The Men’s Wearhouse Inc. posted a larger-than-expected loss for its fiscal fourth quarter. The retailer also announced that it was exploring the possible sale of its weaker performing K&G unit.

The company lost $3.4 million for the quarter that ended Feb. 2, compared to a loss of $3.8 million in the year-ago period.

Revenue rose 8.2% to $608.4 million. Revenue from Men’s Wearhouse stores, which made up 61% of the quarter’s sales, rose 9.1%.

According to Men’s Wearhouse president and CEO Doug Ewert, the company believes that its core strength lies primarily in its namesake brand and its Canadian banner (Moores). To better focus its efforts on these core operations, Ewert said, the company has hired Jefferies & Co. to assist in evaluating strategic alternatives for its 97-store K&G business.

Men’s Wearhouse said its board has approved a new share repurchase program of $200 million, which amends and increases the company’s existing share repurchase authorization.

keyboard_arrow_downCOMMENTS

Leave a Reply

itoffer says:
Mar-20-2013 07:15 am

In your quest of becoming a
In your quest of becoming a computer administrator you should make sure that you are at least 2 years of experience when that you are a Microsoft Certified Technology Specialist or MCTS certificated depending on the area where MCITP certification will be pursued. 70-648

itoffer says:
Mar-20-2013 07:15 am

In your quest of becoming a computer administrator you should make sure that you are at least 2 years of experience when that you are a Microsoft Certified Technology Specialist or MCTS certificated depending on the area where MCITP certification will be pursued. 70-648

S.Hance says:
Mar-14-2013 06:37 pm

Men's Wearhouse Inc. should
Men's Wearhouse Inc. should make a strategy to gain a profit. Marketing is useful in this situation. - Aflac Assist LLC

S.Hance says:
Mar-14-2013 06:37 pm

Men's Wearhouse Inc. should make a strategy to gain a profit. Marketing is useful in this situation. - Aflac Assist LLC

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
OPERATIONS

Google tops list of 10 most influential brands

BY Marianne Wilson

New York — Google came out on top, followed by Amazon and Apple, in a new survey by market research company Ipsos called “The Most Influential Brands in the United States 2013.” The survey, which asked U.S. consumers to rate 100 leading brands on a wide variety of attributes, determined that the dimensions or factors that drive a brand’s influence are: engagement; trustworthy; leading edge; corporate citizenship; and, presence.

“To one extent or another, the most successful brands have some measure of all these dimensions, but gaining real and lasting influence takes time and effort,” says Jerry Forristal, SVP with Ipsos MarketQuest.

According to the Ipsos survey, the 10 most influential brands in the United States for 2013 are as follows:

1. Google
2. Amazon
3. Apple
4. Microsoft
5. Facebook
6. Visa
7. Walmart
8. Yahoo!
9. Procter & Gamble
10. eBay

Interestingly, Google also took the top spot in Ipsos’ study of the 10 most influential brands in the world.

“Building a truly influential brand requires a significant time investment, and in the past 15 years, Google has done something truly phenomenal – they’ve built a brand that exerts global influence,” said Forristal.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...