Hastings Delays Report
Amarillo, Texas, Hastings Entertainment Inc. on Friday delayed the release of its fourth-quarter and full-year earnings by three days so the company can make changes to the way it accounts for store leases. It will release its earnings on Thursday. Hastings operates 150 stores in the West and Midwest.
Disney Store Expands to Outlet Arena
Glendale, Calif., Disney Store North America, a wholly owned subsidiary of The Children’s Place Retail Stores, will expand into the retail outlet arena. Its first outlet will measure more than 7,000 sq. ft. and will open in New York this weekend at the Woodbury Common Premium Outlets. Five additional outlets are planned to open this year in California, Arizona, Illinois, Tennessee and Ontario, Canada. The move marks the first adjustment to Disney Store’s real estate strategy since The Children’s Place acquired the chain in November.
Barnes & Noble to Repurchase $200M in Stock
New York City, Barnes & Noble Inc. has authorized a share repurchase program of up to $200 million of its common shares. The repurchase program follows a previous, $250 million program that the retailer recently completed.