Mothers Work Posts Higher Fiscal 3Q Profit
Philadelphia Maternity apparel retailer Mothers Work Inc. said on Tuesday a rise in same-store sales and the absence of a debt redemption charge a year ago helped its fiscal third-quarter profit soar.
Profit jumped to $4.1 million from $1 million a year ago.
Excluding the loss on the debt extinguishment, adjusted profit in the third quarter declined to $4.2 million compared with profit of $5.5 million a year ago.
Sales declined to $152.2 million from $153.2 million due mostly to the closing of leased department locations at Sears stores and shuttered underperforming stores.
During the quarter, same-store sales rose 2.4%. Same-store sales decreased 8.2% during the third quarter of fiscal 2007.
Trahan to endorse Belk golf line
CHARLOTTE, N.C. Belk announced an exclusive partnership with professional golfer D.J. Trahan, who will endorse Pro Tour, the company’s private label golf brand for men, beginning this summer.
The Pro Tour line includes stylish performance sportswear items that feature wind and water resistance and moisture management. Prices for items in the line range from $36 to $120.
D.J. Trahan speaking about his relationship with Belk and Pro Tour apparel said, “I’m happy to represent Belk on the PGA Tour. Growing up in the South, I’ve shopped at Belk stores for years. It’s a family-run business that takes care of its customers. Besides my clubs, what I wear is the most important thing I pack each week. Pro Tour clothes are well-made, fit right, come in great colors and designs and the performance features make it easy for me to focus on my game.”
Shopko boosts national brand offerings
GREEN BAY, Wis. Shopko announced that it has added national brands to its junior and young men’s assortments.
New brands include Union Bay and Airwalk for young men’s and Bongo and Mudd for juniors.
“We are excited to add these quality brands to our assortments,” said Jill Soltau, Shopko senior vp and general merchandise manager of apparel and accessories. “Our shoppers have told us they want more fashionable and relevant clothing. These national brands will meet the diverse needs of our customers from fashion to quality to value.”