FINANCE

JoS. Bank 3Q Profit Up

BY CSA STAFF

Hampstead, Md., JoS. A. Bank Clothiers Inc. on Thursday said fiscal third-quarter net income rose 29%, beating Wall Street expectations, as sales rose.

Profit for the quarter ended Nov. 3 rose to $7.1 million from $5.5 million in the prior-year period. Revenue rose 10% to $131.3 million from $119.5 million last year.

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NPD outlines popular houseware purchases

BY CSA STAFF

NEW YORK Stand mixers, waffle irons and slow cookers, topped the list of most “giftable” kitchen electronics this year.

According to The NPD Group, 27.4% of consumers surveyed purchased a stand mixer as a gift, the waffle iron followed at 26.5% and the slow cooker at 24%.

Dinnerware and home textiles were also a popular purchase this year. In the dinnerware category, holiday, Christmas tree and winterberry (in that order) were the most sought after patterns in terms of dollar sales. Popular items, in terms of unit sales, for the home textiles category were cloth napkins sets, dishcloth sets and tablecloths.

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Lowes Foods to offer tickets in stores

BY CSA STAFF

WINSTON SALEM, N.C. Lowes Foods is partnering with Ticketmaster to open 58 Ticketmaster retail ticket center locations in Lowes Foods stores across the state of North Carolina, the companies announced today.

The partnership, according to reports, is the first of its kind for Lowes Foods. The first fifteen Lowes Foods Tickmaster locations are scheduled to open and begin selling tickets on Saturday, Dec. 15 with the remaining locations to follow early 2008.

“Having Ticketmaster outlets in our stores is another great way of providing added convenience for our customers,” said Gary Watson, vp of business support for Lowes Foods. “Many of our customers enjoy going to events at local venues. This way, they can easily purchase tickets when they are at Lowes Foods without having to make an additional special trip.”

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