Toys ‘R’ Us to stay open round-the-clock Dec. 22 until 10 p.m., Dec.24
Wayne, N.J. — Toys "R" Us announced that its stores nationwide will remain open for 88 consecutive hours beginning at 6 a.m. on Tuesday, Dec. 21 and continuing through 10 p.m. on Christmas Eve. It’s is the first time that the company’s stores across the country will stay open 24-hours per day during the final countdown to Christmas.
In addition to ongoing savings on the hottest products, Toys “R” Us will offer special "Midnight Madness" deals valid in-store from midnight through 6 a.m. each day, beginning at midnight Dec. 22. The offers will be sent to customers each day via e-mail.
Rite Aid narrows in Q3, revenue slips
Camp Hill, Pa. — Rite Aid Corp. reported Thursday that it narrowed its third-quarter loss to $81.5 million, compared with a $86.1 million loss a year ago. But revenue slid and the drugstore operator again lowered its full-year forecast.
Revenue fell 2% to $6.2 billion, in line with Wall Street expectations. Same-store sales dropped 1.3%.
Rite Aid CEO John Standley said in a statement that the quarter fell below company expectations. "While the lack of cough, cold and flu had a significant impact on our results, the good news is that our front-end sales began to turn around during the quarter and our team continued to do a good job of controlling costs," he said.
Rite Aid said same-store revenue will be softer than expected in the fourth quarter.
Pier 1 3Q results down from prior year, company still pleased
FORT WORTH, Texas– Pier 1 Imports reported a third-quarter comparable-store sales increase of 10.2% versus last year’s increase of 13.7% and net incomeof $21 million, or 18 cents per share,compared with last year’s third quarter net income of $38.8 million, or 37 cents per share.
Alex Smith, president and CEO, commented, “With sales and margins exceeding our expectations and the overall leveraging of expenses, we are reporting net income for our fifth consecutive quarter.”