FINANCE

Trans World Entertainment holiday performance slips

BY Dan Berthiaume

Albany, N.Y. — Total sales for the nine-week holiday 2013 period at Trans World Entertainment Corporation were $115 million compared to $128 million for the same period last year, a decrease of 10.2%. The company operated an average of 5% fewer stores during the nine-week period as compared to last year.

Same-store sales for the nine-week period ended Jan. 4, 2014 decreased 6%.

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FINANCE

Francesca’s ups Q4 guidance on holiday performance

BY Dan Berthiaume

Houston – Francesca’s Holding Corporation expects sales for the fourth quarter of fiscal 2014 to be between $93 million and $95 million, including a mid-to-low-single-digit decrease in same-store sales. This compares to previous guidance provided on Dec. 5, 2013 of sales between $90 million and $95 million, including a decrease of 8% to 3% in same-store sales.

Neil P. Davis, CEO of Francesca’s cited strong holiday performance for the increase in guidance.

"After a lackluster start to the holiday selling season beginning the week of Thanksgiving, we ended the season stronger,” said Davis. “Our customers responded well to our offerings, particularly apparel, accessories, and gifts. In addition, we remained diligent during the quarter aligning our inventory levels to our year-end objectives. As a result, we expect inventory, on an average boutique basis, to be flat to the comparable prior year period. Overall, we believe that our differentiated business model, combined with our retail growth strategy and execution of our operational initiatives, will continue to drive improvements in long-term shareholder value."

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News

Publix expands Teradata Active Data Warehouse implementation

BY Dan Berthiaume

Lakeland, Fla. — Publix Super Markets Inc. has expanded its Teradata Active Enterprise Data Warehouse to accommodate growth and more complex analytics. The upgrade moves the data warehouse functionality beyond traditional strategic analysis and into tactical operational intelligence.

The expansion includes the latest Teradata Active Enterprise Data Warehouse platform, database software, and services. The new platform is designed to enable quicker reaction and response to changing business conditions and consumer behavior.

“We chose Teradata because of their consistent performance and reliability. This upgrade of our Teradata environment will allow us to expand our Enterprise Data Warehouse solution which provides valuable data analytics,” said Laurie Douglas, Publix CIO. “Teradata’s experience, focus on retail solutions and leading-edge technology provide us with the insights we need to extend our success in this competitive market.”

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