Finish Line Q3 beats estimates
New York — Finish Line Inc.’s third-quarter earnings rose 35% amid rising digital sales and higher demand for running and basketball gear. The chain has reported nine consecutive quarters of same-store sales growth, including a 7.7% jump in the latest period.
For the quarter ended Nov. 26, the company posted a profit of $5.5 million, up from $4.1 million a year earlier. Revenue increased 8.1% to $282 million. Digital sales jumped 61%, following similar increases in the first two quarters of the year.
“Our nearly 8% comp increase and EPS gain of more than 37% in the third quarter was another strong performance for our company,” said chairman and CEO Glenn Lyon. “It is the interplay of social media and technologies, such as mobile along with digital and bricks-and-mortar channels that is the sweet spot for Finish Line. Our strategic plan has led us to develop a strong presence on all of these fronts while working to keep our brand relevant everywhere.”
Barneys launches Micros-Retail mobile POS
Westboro, Mass. — Micros-Retail, a division of Micros Systems, announced that Barneys has launched the Micros-Retail miStore mobile point-of-sale solution in Barneys’ flagship New York store, starting this holiday season. The retailer is a long-time customer of Micros-Retail for point of sale, loss prevention and order management solutions.
This holiday season, Barneys created a multi-faceted Gaga’s Workshop holiday window display that includes a dedicated Lady Gaga interactive website, and a fantastically transformed retail environment with limited-edition exclusive products created in collaboration with the performer under the creative direction of Nicola Formichetti with artists Eli Sudbrack and Christophe Hamaide Pierson of assume vivid astro focus.
A take on Santa’s iconic workshop, it launched on Nov. 21, taking over the entire 5,500 sq. ft., fifth floor of the Madison Avenue Men’s store. In the Workshop, are eight stations reflecting the product categories available which will greatly benefit from the mobility and flexibility of Micros-Retail miStore.
“The mobile POS will help Barneys New York to manage the high volume of expected shoppers and allow quick checkout, not only for typical holiday shopping traffic, but for the increased traffic for the reopening of our transformed CO-OP space,” said Sean O’Reilly, VP IT at Barneys.
Barneys is using the holiday season to launch MICROS-Retail miStore mobile POS, with plans to expand to stores across the country. The mobile system allows more freedom for employees to navigate throughout the store to better service shoppers, as associates are able to conduct sales and locate inventory via portable Apple products, predominately the iPod Touch.
Rite Aid to unveil 3-D holographic display kiosks
Chatsworth, Calif. — Rite Aid is planning to roll out 3-D holographic display kiosks in its stores next year, according to the kiosks’ manufacturer.
In a letter to shareholders, Provision Interactive Technologies president and CEO Curt Thornton wrote that it would place its 3-D Reward Centers in Rite Aid stores, starting with 200 locations and, according to the agreement between the two companies, eventually installing the kiosks in up to 4,800 stores. Rite Aid currently has 4,679 stores.
The kiosks include a display unit that shows 3-D images "’floating in space’ without the need for special glasses," which the company said appear so real that people standing within view feel compelled to reach out and touch them. Images are visible within a 60-degree range and can be projected more than four feet. The company’s "Air Touch" technology also allows for interactivity.
Previously, Provision had sold its displays on a per-unit basis, but its agreement with Rite Aid, as well as a similar agreement with the Circle K convenience store chain, allows it to collect advertising revenue.