Talbots income up, sales down
HINGHAM, Mass. Talbots reported adjusted third-quarter net income from continuing operations of $17.2 million or 31 cents per diluted share, excluding restructuring and impairment charges, compared with last year’s net loss of $12.4 million or 23 cents per share on a comparable basis.
Total sales from continuing operations for the third quarter were slightly better than company expectations and were $308.9 million compared to last year’s sales of $357.3 million, Talbots reported. Comparable-store sales declined 15.9% for the thirteen-week period.
For the fourth fiscal quarter of 2009, the company currently anticipates a loss from continuing operations in the range of 6 cents to 14 cents per share, excluding restructuring and impairment charges and other special items. This anticipated result is based on a top-line sales decline planned to be in the range of approximately 6% to 8%. Talbots expects fourth-quarter top-line sales to be impacted by reduced levels of markdown merchandise.
Macy’s declares Dec. 11 National Believe Day
NEW YORK In its latest promotion of its “Believe” campaign, Macy’s has declared Dec. 11 National Believe Day.
To promote Believe Day, in select cities, 19th Century newsboy street teams will be handing out $25 Macy’s gift cards. In addition, all stores will have special mailboxes for letters to Santa. For each letter received, Macy’s will donate $1 to the Make-A-Wish Foundation up to $1 million. And, those lucky enough to be named Virginia will receive a $10 Macy’s gift card, while supplies last, in honor of Virginia O’Hanlon of the famous New York Sun editorial that inspired Macy’s Believe campaign.
BJs announces holiday deals
NATICK, Mass. BJs is promoting its selection for the holidays, with special deals on video games, home appliances and electronics.
“BJ’s Wholesale Club has gifts that pack a Wow! for all ‘the kids’ on your shopping list,” said Chris Neppl, EVP merchandising at BJ’s Wholesale Club. “Whether they like interactive games, sound systems and televisions or educational electronics and small appliances, we have a tremendous range of budget-friendly gifts for all those near and dear, no matter the age.”
In the video game category, the company is offering such deals as “Call of Duty Modern Warfare 2 for $54.99 and Tony Hawk Ride for $109.99. For those in need of a home appliance gift, BJ’s said it is offering a Cuisinart Automatic Breadmaker for $74.99 and a Rival Crock-Pot Trio for $78.99, among other deals. The company is also offering discounts on digital cameras and educational toys.