REAL ESTATE

H&M amping up U.S. expansion

BY Marianne Wilson

New York — Swedish fast-fashion powerhouse H&M is revving up its U.S. expansion. The retailer opened 40 stores in the United States in 2012, and hopes to open even more this year, according to a report in Women’s Wear Daily.

H&M, as previously reported, will open a 42,500-sq.-ft. flagship at 4 Times Square, in Manhattan, that will boost an enormous LED billboard signage display. The retailer will also open a store on Fifth Avenue at 48th Street that, at 57,000 sq.-ft., will be its largest in the world to date.

keyboard_arrow_downCOMMENTS

Leave a Reply

N.Chen says:
Apr-06-2013 02:37 am

Nice information, valuable
Nice information, valuable and excellent design, as share good stuff with good ideas and concepts, lots of great information and inspiration, both of which I need, thanks to offer such a helpful information here. www.ibirkinbags.com

N.Chen says:
Apr-06-2013 02:37 am

Nice information, valuable and excellent design, as share good stuff with good ideas and concepts, lots of great information and inspiration, both of which I need, thanks to offer such a helpful information here. www.ibirkinbags.com

C.Bean says:
Mar-25-2013 02:30 am

This is a good post. This
This is a good post. This post give truly quality information.I’m definitely going to look into it.Really very useful tips are provided here.thank you so much.Keep up the good works! likes instagram buy followers instagram

C.Bean says:
Mar-25-2013 02:30 am

This is a good post. This post give truly quality information.I’m definitely going to look into it.Really very useful tips are provided here.thank you so much.Keep up the good works! likes instagram buy followers instagram

itoffer says:
Mar-20-2013 07:19 am

Now, the MCITP certifications
Now, the MCITP certifications are more so credentials for those who desire to present themselves as excelling, real-world IT professionals in the technological working world. 70-649

itoffer says:
Mar-20-2013 07:19 am

Now, the MCITP certifications are more so credentials for those who desire to present themselves as excelling, real-world IT professionals in the technological working world. 70-649

buangsila001 says:
Mar-17-2013 08:32 am

Another place to shop in
Another place to shop in Manhattan. This a place where you can buy high fashion clothing at a reasonable price. - Michael Courouleau

Polls

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

View Results

Loading ... Loading ...
FINANCE

Hibbett Sports Q4 income up 22%; to open 65 to 70 stores

BY Marianne Wilson

Birmingham, Ala. — Hibbett Sports reported that net income for its fiscal fourth quarter increased a better-than-expected 22.3% to $19.4 million, compared with $15.8 million for the same period last year.

Net sales for the fourth quarter increased 14% to $217.4 million from $190.7 million in the year ago period. Same-store sales increased 4.9%.

Looking ahead, in its current fiscal year, the company expects to open 65 to 70 new stores, expand approximately 18 high-performing stores and close 15 to 20 stores.

Net sales for fiscal 2013 increased 11.8% to $818.7 million, compared with $732.6 million for fiscal 2012. Same-store sales increased 6.9% on a 52-week to 52-week period.

Net income for the year increased 22.9% to $72.6 million, compared with $59.1 million for the same period last year.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

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

View Results

Loading ... Loading ...
OPERATIONS

Safeway names new EVP retail ops

BY Staff Writer

Pleasanton, Calif. — Safeway Inc. said that Bruce Everette, 61, is retiring as EVP retail operations after a 44-year career at Safeway. He will be replaced by Kelly Griffith, currently the president of merchandising.

“We are deeply grateful to Bruce for his significant and lasting contribution to our company’s success," said chairman and CEO Steve Burd. "He is the consummate operating executive whose results and people-oriented approach to the business leave an unmistakable imprint on who we are as a company."

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

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

View Results

Loading ... Loading ...