Francesca’s profit surges in Q3 with 76 added stores
Houston — Francesca’s Holdings Corp. reported Wednesday net income of $11 million, compared with $6.1 million in the year-ago period. Sales surged 44% to $72 million, driven by a 16.7% increase in same-store sales as well as 76 new boutique openings since the end of the third quarter last year.
"We delivered another quarter of strong results, demonstrating the appeal of our business model of a differentiated merchandise strategy in a boutique environment,” said John De Meritt, CEO. “Our scalable, high-margin merchandising model combined with productive new boutique economics provides a runway for boutique growth and gives us confidence in Francesca’s long-term growth potential."
Walgreens sales dip in November
Deerfield, Ill. — Walgreen Co. reported Wednesday that sales for November dipped 3.9% to $5.85 billion, compared with $6.09 billion for the same month in fiscal 2012.
Total front-end sales decreased 0.3% and same-store front-end sales decreased 1.7%.
Walgreens opened 39 stores during November, including 10 relocations and closed one.
Candy merchants get sweet reward
Washington, DC — Merchants at CVS, Smart & Final and Meijer have been named recipients of the 2013 Confectionery Leadership Awards by the National Confectioners Association.
The awards celebrate contributions made by recipients through their effective business collaboration, category management best practices and innovations in merchandising confectionery products in-store. This year’s recipients include Julie Bischoff, senior category manager at Smart & Final; Kimberley Felice-Dooley, senior category manager at CVS Caremark and AJ Jesswanin, category merchant for candy and commercial bakery at Meijer.
“This award program was designed to acknowledge those trade customers who serve as role models for other retailers and wholesalers,” says NCA president Larry Graham. “It recognizes individuals who use their experience to encourage visionary thinking and to drive the entire confectionery category forward.”
NCA, in collaboration with Candy & Snack TODAY magazine, created the awards program in 2011 to recognize and honor the confectionery industry’s best and most innovative category champions and leaders. The program allows NCA manufacturers and brokers to recognize these outstanding retailers and wholesalers in the confectionery community for their effective customer marketing, shopper-driven shelving practices and promotion of new items.
Bischoff, Felice-Dooley and Jesswani are scheduled to receive their awards in Miami at NCA’s annual State of the Industry Conference on February 25, 2013.