FINANCE

Destination Maternity Q4 sales slip, but beat Street

BY Katherine Boccaccio

Philadelphia — Destination Maternity reported Tuesday that revenue for the fourth quarter dipped less than 1% to $128.5 million, but edged Wall Street’s expected $128.4 million in revenue for the period. Same-store sales climbed 2.7%.

The retailer, whose brands include A Pea in the Pod, Motherhood Maternity and namesake stores, said the revenue dip in the fourth quarter was due largely to the closure of underperforming stores and that it expects quarterly earnings to exceed guidance.

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 ...
REAL ESTATE

Steak n Shake to make international debut

BY Katherine Boccaccio

San Antonio, Texas — Steak n Shake said Tuesday it has signed its first international development agreement, which will bring the concept to the Middle East.

Steak n Shake has signed an exclusive area development agreement with the Saleh Bin Lahej Group to open 40 restaurants throughout the United Arab Emirates. This agreement represents the initial expansion of the brand outside the continental United States.

The Saleh Bin Lahej Group operates international franchises for restaurant brands such as Chili’s, Macaroni Grill, Black Canyon Asian Cuisine, El Chico Mexican Restaurant, The Pizza Company, and Cantina Laredo.

Steak n Shake, a subsidiary of Biglari Holdings, expects to open its first location in Dubai during 2013.

keyboard_arrow_downCOMMENTS

Leave a Reply

M.Fourcall says:
Nov-23-2012 08:20 am

Your site contains useful
Your site contains useful information on this topic as I am working on a school project. Thank you posting relative information and its now becoming easier to complete this topic. online insurance

M.Fourcall says:
Nov-23-2012 08:20 am

Your site contains useful information on this topic as I am working on a school project. Thank you posting relative information and its now becoming easier to complete this topic. online insurance

Polls

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

View Results

Loading ... Loading ...
News

Cam Newton scores exclusive collection with Belk

BY CSA STAFF

CHARLOTTE, N.C. — Belk has partnered with NFL quarterback Cam Newton to launch an exclusive line of men’s apparel.

The Made Cam Newton collection will first include professional apparel options for men and will expand to include accessories and shoes in fall 2013.

"Professional sports play an increasingly important role in fashion, and as a fashion retailer, Belk is excited to be at the forefront of the trend through this brand," says Kathryn Bufano, president and merchandising officer for Belk. "Cam Newton personifies our company’s dedication to family, community and the Southern lifestyle, and therefore is a perfect complement to Belk’s modern Southern fashions."

By spring 2013, Made Cam Newton will be available in 133 Belk stores across the southeast and on Belk.com.

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 ...