Jos. Bank’s Q1 profit down 45%
Hampstead, Md. — JoS. A. Bank Clothiers’ net income for the first quarter of fiscal year 2013 fell 45% to $8.1 million, down from $14.8 million for the first quarter of fiscal year 2012.
Total sales for the first quarter decreased 2.6% to $196.1 million from $201.4 million in year-ago period.
Same-store sales decreased 8.5% and direct Marketing sales increased 12.6% in the first quarter of 2013 as compared to last year. Combined same-store and Internet sales for the first quarter of fiscal year 2013 decreased 6.4% when compared to the year-ago period.
“While we were able to control our expenses and improve our advertising efficiency in the quarter, our sales declined 2.6%, primarily in April. In addition, our gross profit margin was down primarily due to higher inventory sourcing costs and lower average selling prices due mostly to an increased percentage of sales of winter and other clearance products. Like many other retailers, we were also affected by the unseasonably cool weather which adversely impacted both our sales and gross profit margin,” stated R. Neal Black, president and CEO of JoS. A. Bank Clothiers.
Walgreens weathers May chill for Q3 sales gains
DEERFIELD, Ill. — Walgreens reported sales of $18.3 billion for the third quarter, up 3.3%. Same-store sales increased 1.3%, with front-end comparable store sales up by 0.3% and pharmacy comp sales up 2%. Prescriptions filled were up 7% for the quarter.
Sales of Walgreens’ shares were up $1 to $49.03 in early-morning trading.
Walgreens reported that more than 72 million Walgreens faithful have signed on for the company’s Balance Rewards loyalty program through May.
Walgreens’ May sales totaled $6.2 billion, representing an increase of 4.3%, with a 2.8% lift in same-store sales. Prescriptions filled at comparable stores increased by 7.1% in May and increased 7.5% on a calendar day-shift adjusted basis. This year’s May had one additional Friday and one fewer Tuesday compared with May 2012. These calendar shifts negatively impacted prescriptions filled at comparable stores by 40 basis points.
May pharmacy sales increased by 4.4%, while comparable store pharmacy sales increased 3.8% and increased by a calendar day-shift adjusted 4.2%.
Pharmacy sales accounted for 63.1% of total sales for the month.
Total front-end sales increased 3.4% compared with the same month in fiscal 2012, while comparable store front-end sales increased 1.2%. Customer traffic in comparable stores decreased 3.5% while basket size increased 4.7%.
Walgreens opened 13 stores during May, including two relocations, and closed one.
NRF launches job board on revamped site
WASHINGTON — The National Retail Federation has launched Retail Jobs powered by NRF, a recruiting and search tool developed specifically for retailers and job seekers.
The job board will serve as a fundamental part of NRF’s This Is Retail: Careers, Community, Innovation campaign, launched in April.
“Whether in stores or corporate headquarters, retail offers incredible career opportunities in fields like marketing, finance, technology, loss prevention, merchandising and management, and Retail Jobs powered by NRF is tangible proof that our industry offers diverse and unique career paths for some of the world’s most recognizable brands,” said NRF Foundation executive director Ellen Davis. “Creating one job board for retailers to showcase their professional level careers will help connect employers with fantastic candidates at all levels of the spectrum.”
Retail Jobs powered by NRF will provide retail companies the opportunity to showcase the assortment of positions they have available. In addition to job board postings, employers have an opportunity to have their jobs featured in daily emails to thousands of retail professionals via NRF and Shop.org SmartBriefs. NRF, Shop.org and ARTS members will receive a special member rate for posting their jobs. Retail Jobs powered by NRF is powered by JobTarget, a leading provider of job websites and career centers for organizations that serve niche audiences.
Students looking for entry-level positions for a career in retail, as well as retail professionals and all other job seekers, can post resumes directly to the site for employers to search. Job seekers will be able to sort through available opportunities and post their resumes anonymously so retailers can view them.
NRF has also unveiled the complete version of its content-driven website, thisisretail.org. The website will house industry research, interactive content editorial posts by industry insiders and the newly created Retail Jobs powered by NRF job board.
This is Retail includes original content and a creative slideshow of the “most weirdly awesome” retail jobs and a careers roadmap that helps candidates decide which area of retail suits their skill set best. It also features personal stories from retailers and industry partners highlighting careers, community and innovation with a focus on how working within the retail has impacted them personally and professionally.
The NRF Foundation is the nonprofit arm of the National Retail Federation and is funded in part by donations from retail industry supporters.