Stages Stores Q1 loss widens
Houston — Stage Stores reported a loss of $6.9 million for the first quarter, compared with a loss of $418,000 for the year-ago period, as the retailer dealt with cool weather that put a damper on sales of spring apparel.
"The unseasonably cool weather in March and April, particularly when compared to last year’s warm spring, strongly impacted our sales performance," president and CEO Michael Glazer said.
Revenue rose 4% to $378.6 million from $365.7 million. Same-store sales inched up 0.7%.
Wegmans delays Massachusetts store opening
New York – Wegmans is pushing back the scheduled opening of a new store in Newton, Mass., until spring 2014. The grocery retailer is citing construction delays and demands of other projects, such as the upcoming grand opening of a replacement store in Rochester, N.Y., this Sunday, for causing the later opening of the new suburban Boston location.
Wegmans currently operates one store in Massachusetts, a 138,000-sq.-ft. facility in the town of Northborough.
RadioShack expands DIY product assortment
Fort Worth, Texas — RadioShack is partnering with Maker Media to offer a line of exclusive DIY electronics products such as robotics, kits and tools. The cobranded product line, which includes items such as moldable plastic and youth robotic and remote control hobby kits, will be available in the fall.
"DIY is part of RadioShack’s DNA," said Dawn Callahan, VP of merchandising, RadioShack. "We’re grateful to be part of a wonderfully loyal community of makers, and we listened when they told us how we can help bring their ideas to life."