Stage Stores Q4 profit edges up 2%
Houston — Stage Stores Inc. reported Tuesday that profit for the fourth quarter rose 2% to $32.7 million, from $32 million a year earlier.
Revenue increased 6% to $479.1 million from $453.7 million, beating Wall Street’s $468.2 million forecast.
For the year, Stage Stores reported net income of $31 million, down from $37.6 million in the prior year. Annual revenue climbed 3% to $1.51 billion.
Casey’s profit surges 30% in Q3
Ankeny, Iowa — Casey’s General Stores Inc. reported Monday that profit for the third quarter rose 30% to $16.7 million, from $12.9 million a year earlier. Casey’s revenue rose from $1.37 billion to $1.58 billion.
Both figures missed Wall Street estimates.
REI to open stores in San Antonio and Jacksonville
Seattle — REI (Recreational Equipment, Inc.) said Tuesday it is opening a new store in San Antonio, Texas, in the fall of 2012, and will make its Florida debut – in Jacksonville – in spring 2013.
The San Antonio location will occupy 27,500 sq. ft. at Huebner Oaks and the nearly 23,400 sq. ft. store in Jacksonville will be located at The Markets at Town Center.
"Texas and Florida offer an abundance of ways to enjoy the outdoors, and REI is eager to bring our quality products, helpful advice and hands-on classes to our current members and aspiring adventurers," said Rachel Ligtenberg, REI’s regional VP East Region.
The company currently operates 122 retail stores in 29 states with two online stores – rei.com and REI-Outlet.com. The new store in San Antonio joins seven other REI stores in Texas, the first of which opened in Austin in 1989 and was later relocated in 1995. Other locations opening this fall include Cincinnati, Woodbridge, Va., and Medford, Ore. A new store in Indianapolis will open on March 16.