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Five Below sales and profits rise in Q4; 60 stores on tap for 2013

BY Katherine Boccaccio

New York — Five Below reported Wednesday that net income for the quarter ended Feb. 2 rose to $19.2 million, compared with $12.4 million in the year-ago period.

Revenue surged 38% to $173.6 million from $125.8 million in the fourth quarter of fiscal 2011. Same-store sales rose 4.4%.

For the full year, profit rose to $20 million from $16.1 million and revenue increased 41% to $418.8 million. The company said it expects to open 60 stores this year, including new markets in Texas, as well as adding units in existing markets.

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S.Gacho says:
Mar-28-2013 01:54 am

When a business has a good management, well increasing of earning will never be a problem. It has something to do with great teamwork. - Steven Wyer

S.Gacho says:
Mar-28-2013 01:54 am

When a business has a good management, well increasing of earning will never be a problem. It has something to do with great teamwork. - Steven Wyer

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Books-A-Million sales slip in Q4

BY Katherine Boccaccio

Birmingham, Ala. — Books-A-Million reported Wednesday a profit of $8.1 million for the fourth quarter, up slightly from $7.6 million a year earlier.

Sales dipped 0.8% to $165.6 million, and same-store sales dropped 6.1%.

For the full year, the retailer swung from a loss of $4 million to a profit of $2.5 million. Revenue rose 7.5% to $503.8 million.

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S.Gacho says:
Mar-28-2013 01:55 am

Sometimes, a meeting is a good solution for you to know that your business is growing or not. A transparent conversation is very important. - Carmack Moving and Storage

S.Gacho says:
Mar-28-2013 01:55 am

Sometimes, a meeting is a good solution for you to know that your business is growing or not. A transparent conversation is very important. - Carmack Moving and Storage

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Jo-Ann Stores selects Demandware for digital commerce

BY Katherine Boccaccio

Burlington, Mass. — Enterprise cloud commerce solution-provider Demandware announced Wednesday that Jo-Ann Stores has selected the Demandware Commerce platform to support its digital commerce strategy.

“We needed a flexible digital commerce platform that would allow us to move quickly to meet the evolving needs of our customers across our web and mobile channels,” said Matt Susz, CIO, Jo-Ann Stores. “Demandware’s cloud-based platform will allow us to deliver innovative brand experiences to inspire and spark our customers’ creativity wherever they choose to shop with us.”

Jo-Ann is working with Demandware LINK Solution Partner, Lyons Consulting Group, on the development and system integration of its new site. In addition, Jo-Ann Stores will leverage pre-built integrations to third-party technologies available through the Demandware LINK Technology Marketplace.

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S.Gacho says:
Mar-28-2013 01:57 am

A transparent business to its people is a good business. With this, you can never left all your employees hanging when the business is not growing that well. - Carmack Moving and Storage

S.Gacho says:
Mar-28-2013 01:57 am

A transparent business to its people is a good business. With this, you can never left all your employees hanging when the business is not growing that well. - Carmack Moving and Storage

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