FINANCE

Toys ‘R’ Us Holiday Sales Up

BY CSA STAFF

Wayne, N.J., Toys “R” Us Inc. said Wednesday its U.S. comp-store sales for the nine-week holiday selling season rose 4.1%. Company officials credited the results to strong innovation in toy offerings, better in-stock positions, improved execution at the store level, aggressive marketing and high customer demand for a number of popular items.

Comp-store sales at the privately held company’s Babies “R” Us division rose 6% for the Oct. 29 to Dec. 30 period, while international sales rose 1.9%.

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SUPPLY CHAIN

Bon-Ton Announces Store Changes, Warehouse Closing in 2007

BY CSA STAFF

York, Pa., The Bon-Ton Stores Inc. said one of its Parisian stores will be converted to the Carson Pirie Scott nameplate and a warehouse in Iowa will be closed under changes planned for 2007, according to The Business Journal. Bon-Ton said Tuesday that it is planning a series of real estate initiatives regarding its Elder-Beerman and Parisian stores in Beavercreek, Ohio; its Parisian Circle Centre store in Indianapolis; and its distribution center in Ankeny, Iowa.

Plans have been approved to include a 15,000-sq.-ft. Home Store in Bon-Ton’s 144,000-sq.-ft. Parisian Circle Centre store in Indianapolis, which will convert to the Carson Pirie Scott nameplate. Construction is scheduled to begin in March and be completed in July.

The Parisian and Elder-Beerman stores in the Fairfield Commons Mall in Beavercreek, Ohio, will undergo a renovation and reconfiguration expected to begin in April and be completed in September. Both locations will operate under the Elder-Beerman nameplate.

The retailer also announced it will close its 124,000-sq.-ft. distribution center in Ankeny, Iowa, and consolidate the merchandise processing functions into its four remaining distribution centers in Whitehall, Pa.; Fairborn, Ohio; Rockford, Ill.; and Green Bay. The Ankeny distribution-center closing will be effective April 2007 and will result in the loss of about 60 jobs.

Additionally, Bon-Ton announced on Dec. 28 that it would close the 60,000-sq.-ft. Younkers store in downtown Sioux City, Iowa, by the end of February 2007, resulting in the layoff of approximately 50 associates.

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FINANCE

Williams-Sonoma Sales Up 3.6%

BY CSA STAFF

San Francisco, Williams-Sonoma Inc. said Tuesday its comp-store sales rose 1.1% during the holiday period, and reaffirmed profit and sales projections for the fourth quarter and full year. Total sales for the eight-week period ending Dec. 24 rose 3.6% to $900.4 million.

The company maintained its forecast for fourth-quarter net income between $1 and $1.06 per share on revenue of $1.23 billion to $1.26 billion. Full-year earnings are anticipated in a range of $1.74 to $1.80 per share on sales of $3.71 billion to $3.74 billion.

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