IHL: North America self-service kiosk transactions near $1 trillion
Franklin, Tenn. – The dollar value of transactions performed at self-service kiosks in North America surpassed $822 billion in 2012 and should reach more than $1 trillion by the end of 2014. Self-service kiosks are currently used in more than 100,000 checkout lanes at North American retailers.
The new “Service Kiosks Market Study” from IHL Research also indicates transactions at self-service kiosks in North America are growing at a rate faster than 7% per year. The study covers transactions at self-service kiosks where payment is currently or soon to be taken, in the six categories of self-checkout systems, ticketing kiosks, check-in kiosks, food ordering kiosks, postal kiosks and other retail kiosks.
Ascena’s Q4 income tops estimates; 180 to 190 stores on tap for 2014
Suffern, N.Y. — Ascena Retail Group’s adjusted fiscal fourth-quarter profit exceeded Wall Street estimates, driven by strong same-store sales at its Lane Bryant division.
Looking ahead, the company, whose brands include Justice, Lane Bryant, Maurices, Dressbarn and Catherines, said it plans to open approximately 180 to 190 stores and close 115 to 125 stores.
Ascena’s net income jumped to $29.8 million for the quarter that ended July 27, compared with net income of $1.6 million in its fourth quarter last year.
Revenue increased to $1.2 billion from $939.7 million.
The company sounded a cautious note about the upcoming months.
“As we head into Fiscal 2014, we expect macro-economic factors to continue to pressure the apparel industry,” said David Jaffe, president and CEO. “In light of that, we have taken a conservative approach to how we are planning fall. Our teams are focused on driving profitable growth in 2014 and we feel that our brands are well positioned for this challenging environment.”
AutoZone Q4 profit up 14.7%
Memphis — AutoZone’s net income for the fourth quarter increased 14.7% to $371.2 million, below estimates. The chain also posted its 28th consecutive quarter of double digit growth in earnings per share.
Revenue rose 12% to $3.1 billion, narrowly exceeding expectations. Domestic same-store sales disappointed with a 1% gain.
“While our same store sales performance was below our expectations for the quarter, we believe the initiatives we have in place will lead to improved sales in both retail and commercial in 2014,” AutoZone CEO Bill Rhodes said in a statement.