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Claire’s profit rises in Q4

BY Staff Writer

Chicago — Claire’s Stores reported Thursday that net income for the quarter ended Jan. 28 rose to $39.5 million, from $21 million in the year-ago period.

Sales edged up 3.1% to $434.9 million, compared with $422 million last year. Same-store sales rose 0.9%, consisting of a 3.4% increase in North America and a 3.6% decrease in Europe.

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Dollar General sets Q4 sales and profit records; 625 stores on tap for 2012

BY Katherine Boccaccio

Goodlettsville, Tenn. — Dollar General Corp. reported Thursday that profit for the quarter ended Feb. 3 surged 33% to a record $299 million, from $226 million in the prior year.

Sales increased 20.1% to $4.19 billion, compared with $3.49 billion in the year-ago period. Same-store sales rose 6.5%.

For the full year, profit rose 26% to $819 million, from $649 million in 2010. Sales surged 13.6% to $14.8 billion, from $13 billion last year. Same-store sales rose 6%.

After opening 625 stores in 2011, Dollar General said Thursday it plans to open another 625 units in 2012, which will include 40 of its Dollar General Market stores and 80 new market debuts. About 550 stores are slated for remodel or relocation during the upcoming year.

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D.Sullivan says:
Mar-27-2012 07:53 am

These types of stores are doing well simply because of their prices. When people need to cut costs they go to these stores because they really can save a lot of money. It doesn't make sense to over pay when you don't have to.

 

Dollar General stores do a very good business and do not need to spend a fortune in a down economy where everyone is looking to save a few dollars for their households.

D.Sullivan says:
Mar-27-2012 07:53 am

These types of stores are doing well simply because of their prices. When people need to cut costs they go to these stores because they really can save a lot of money. It doesn't make sense to over pay when you don't have to.

 

Dollar General stores do a very good business and do not need to spend a fortune in a down economy where everyone is looking to save a few dollars for their households.

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TRU plays up positives of otherwise lackluster Q4

BY CSA STAFF

WAYNE, N.J. — The decision to open fewer Express stores during the 2011 holiday selling season, along with a decline in comparable-store sales both in the United States and internationally, contributed to Toys“R”Us’s fourth-quarter net sales decline of $47 million to $5.9 billion. On a positive note, the company’s new ventures in Greater China and Southeast Asia have offset the sales decline.

Toys"R"Us said its strongest performing categories continue to be learning and core toys, while the entertainment category (which includes electronics, video game hardware and software) was the weakest, declining 7.3%.

Net earnings were $343 million, an increase of $13 million compared with $330 million in the prior year. The increase in net earnings was primarily attributable to a reduction in income tax expense and interest expense, the company said.

Jerry Storch, chairman and CEO, Toys“R”Us, said, “We continue to see sales and operational benefits from the integration of our juvenile and toy offerings under one roof. During the year we further invested in and strengthened our omnichannel and internet capabilities, providing increased speed and multiple ways by which customers can now order and receive products. We are also pleased with the performance of our international segment, where we are implementing our expansion strategy and broadening our reach in emerging economies that are experiencing GDP growth and rising incomes. To this end, we acquired the ownership interest in our licensee operations in Greater China and Southeast Asia, which we believe provides significant growth opportunities ahead.”

Net sales for the full year were $13.9 billion, an increase of $45 million compared with the prior year. Excluding the impact of foreign currency translation of $293 million, net sales were down due to a decline in comparable-store net sales of 1.7% in the domestic segment and 2.7% in the International segment. Partially offsetting the decrease was an increase in net sales from new locations within the international segment, which included, from the date of acquisition, business operations in Greater China and Southeast Asia.

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