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October Retail Comps Up; Sandy Effects Yet to be Felt

In Industry News, Reports, What's New by Accessories StaffLeave a Comment

New York—While October retail comparable store sales increased nearly 5%, some retailers cautioned today that their November—and even holiday totals—could be adversely affected by the Superstorm Sandy. Of the 17 retailers (excluding drugstores) tracked by Thomson Reuters that posted October results today, overall comparable store sales rose 4.7% better than …

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Armed with New Merchandise Strategy, Stein Mart Meets Q2 Expectations

In Industry Experts, Reports, What's New by Accessories StaffLeave a Comment

Industry Experts

Jacksonville, FL—Although Stein Mart reported Thursday that its second quarter income dropped, improved sales helped the discount retailer meet analysts’ estimates. For the quarter ended July 28, Stein Mart earned $730,000, or 2 cents a share, compared with $1.3 million, or 3 cents a share, a year ago. The latest …