Toys ‘R’ Us Opens First Store in South Korea
Wayne, N.J. Toys ‘R’ Us will open its first store in South Korea on Dec. 8. The 36,931-sq.-ft. store, located at the Lotte Mart in Guro, will be the largest toy store in the country.
The Lotte Group, one of the premier retailers in South Korea, is opening the store through a license.
Kohl’s offers charitable gift options
MENOMONEE FALLS, Wis. Kohl’s reported today that is offering customers a chance to give back to the community with special $5 gifts.
Through its Cares for Kids program Kohl’s is selling hardcover children’s books for $5 a piece, with the profits going toward children’s health and education efforts across the country.
“Great gifts don’t have to cost a lot of money,” said Julie Gardner, evp and chief marketing officer of Kohl’s Department Stores. “Through Kohl’s Cares for Kids, great quality gifts are inexpensive and customers can feel good knowing that when they buy for one child, they benefit another.”
DSW reports 3Q sales, earnings growth
COLUMBUS, Ohio DSW today reported that its net income for the third quarter was $22.4 million and net sales for the quarter were $367.4 million. This compares to net income of $16 million and net sales of $332.2 million for the same period last year. The company reported same-store sales decreased 3% for the quarter versus an increase of 2.6% last year.
The company reported that diluted earnings per share were 51 cents for the third quarter of 2007 compared with 36 cents for the same period last year.
DSW said that it now estimated that fiscal 2007 diluted earnings per share will be in the range of $1.24 to $1.29, updated from the company’s previously announced estimate of at least 10% below last year’s reported diluted earnings per share of $1.48. The company also said it now expects comparable-store sales to be in the range of flat to down 1% for fiscal 2007, updated from the company’s previously announced estimate of flat to down 2%.