FINANCE

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.

keyboard_arrow_downCOMMENTS

Leave a Reply

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

When a business has a good
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

Polls

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

View Results

Loading ... Loading ...
FINANCE

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.

keyboard_arrow_downCOMMENTS

Leave a Reply

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

Sometimes, a meeting is a
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

Polls

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

View Results

Loading ... Loading ...
REAL ESTATE

GBT Realty launches construction on Village on Pooler Parkway

BY Katherine Boccaccio

Nashville, Tenn. — GBT Realty Corp. said Wednesday it has closed on the purchase of approximately 20 acres along Pooler Parkway in Pooler, Ga., for the development of the Village on Pooler Parkway. The development will consist of more than 143,000 sq. ft. when completed in the first quarter of 2014.

The project will be anchored by T.J.Maxx, Ross Dress for Less, Michael’s and PetSmart, all of which have executed leases to be a part of the center. In addition, leases have been signed with Rack Room Shoes, Moe’s Southwest, Jersey Mikes and Palm Beach Tan.

The development also has building pads for freestanding buildings and outparcels. Panera Bread has a lease to locate in a freestanding building with a drive thru. This will be one of the first locations in the market for Panera’s new freestanding prototypes.

In addition, Jalapeños and Aspen Dental have also executed leases to be on building pads within the center.

keyboard_arrow_downCOMMENTS

Leave a Reply

S.Gacho says:
Mar-28-2013 01:56 am

A project can be very
A project can be very successful in the end because of the a good team. All it takes is a lot of effort and attention to the business. - Carmack Moving and Storage

S.Gacho says:
Mar-28-2013 01:56 am

A project can be very successful in the end because of the a good team. All it takes is a lot of effort and attention to the business. - Carmack Moving and Storage

Polls

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

View Results

Loading ... Loading ...