Frederick’s of Hollywood Group Inc. announced that its comparable store sales for the five weeks ended June 30, 2012 decreased 7.8% compared to the five weeks ended July 2, 2011.
The company also announced a comparable store sales increase of 2.0% for the 48 weeks ended June 30, 2012, compared to the 48 weeks ended July 2, 2011.
Japanese retailer Fast Retailing, owner of the Uniqlo brand, has today (6 July) cut its full-year operating profit outlook as sales at its Uniqlo Japan division fell 1%.
Operating income for Uniqlo Japan was down 1.2% to JPY20.4bn (US$256.1bn) for the three months to the end of May. Sales declined 1% year-on-year to JPY138.6bn, while same-store sales fell 5.4% year-on-year. The company said this was mainly because of its strong focus on spring inventory, which detracted sales of inter-season garments, coupled with cooler weather dampening sales of summer clothing.
As a result, the Japanese retail giant has reduced its operating income forecast for Uniqlo Japan by 1.6% to JPY104.5bn.
However, sales for Uniqlo International reached JPY37.7bn, up 61.1% year-on-year, while operating income increased 19.8% to JPY2.1bn. For the global brands division, net sales increased 33.8% to JPY41bn for the three months, while operating income reached JPY5.5bn, surging 97.2%.
Overall, net income for the three months to the end of May grew 25.5% year-on-year to JPY14.7bn. Operating income reached JPY27.5bn, up 22.5% year-on-year, while sales jumped 12% to JPY218bn.
For the nine months to the end of May, net income reached JPY72.5bn. Operating income jumped 14.1% to JPY119.3bn, while sales were up 14% to JPY43.5bn.
Kohl’s Corp. reported a 4.2 percent decline in June comparable store sales Thursday morning. The company now expects to report second-quarter EPS at the low end of its prior forecast of $0.96 to $1.02. The consensus estimate is for EPS of $0.95.
Kohl’s gapped open higher Thursday and climbed steadily during the first 2 hours of trade. The stock finished up by 2.77 at $47.03 on above average volume. Kohl’s broke out to over a one-month high and re-crossed its 50-day moving average.
