Williams-Sonoma Sales Up 3.6%
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.
Aeropostale, American Eagle Flying High
New York City, Shares of Aeropostale Inc. hit a new 52-week high Thursday after the teen apparel retailer said December comp-store sales came in slightly higher than analysts expected, and raised its fourth-quarter profit outlook. The company said comp-store sales rose 1.7% in December, while analysts polled by Thomson Financial predicted a gain of 1.3%.
The company also raised fourth-quarter profit estimates to between 98? and $1 per share, or 91? to 93? per share excluding a concession from South Bay Apparel Inc. Previously, the company said it expected earnings between 89? and 91? excluding the benefit. Analysts forecast profit of 91? per share, on average.
American Eagle saw its same-store sales jump 13% in December. Sales rose to $552.4 million from $435.5 million in the year-ago period.
The company is raising its fourth-quarter earnings guidance to $0.64 to $0.65 per share compared to $0.47 per share last year, which represents a 36% to 37% growth over last year. Previous fourth-quarter guidance was $0.63 to $0.64 per share.
NRHA Canada names retail advisor
INDIANAPOLIS The North American Retail Hardware Association has appointed Bill Wilson as retail advisor for NRHA Canada.
Wilson most recently served as vp of merchandise at TSC Stores. He has also held senior positions at Sodisco-Howden Group.
“Mr. Wilson is a well-respected veteran of the home improvement industry,” said Michael McLarney, managing director of NRHA Canada. “He understands retail—and he recognizes the value of product knowledge training for dealers. This combination of skills and insights makes him a perfect addition to the NRHA Canada team. We are proud to have him on board.”