News

99 Cents Only reports slight income growth

BY Gail Hoffer

CITY OF COMMERCE, Calif. — 99 Cents Only Stores reported that its consolidated net income for the first quarter of fiscal 2012 was $17.7 million, or 25 cents per diluted share, compared with $16.8 million, or 24 cents per diluted share, for the prior year.

Eric Schiffer, CEO of 99 Cents Only Stores, stated, "We are pleased with our financial results for the first quarter of fiscal 2012. Our long-term operational improvement initiatives have continued to meet our expectations, resulting in earnings per share of 25 cents for the first quarter of fiscal 2012."

The company reported net sales for the quarter of $368.3 million, a 6.3% increase compared with net sales of $346.5 million for the first quarter of fiscal 2011. Retail sales for the company’s consolidated operations increased by 6.2% to $357.5 million. Same-store sales calculated on a comparable 13-week period, increased 5.9%. A favorable Easter selling season timing shift positively affected same-store sales in the first quarter of this year, the company reported.

For fiscal 2012, the 99 Cents Only said it expects positive same-store sales in the low single digits and plans to open 16 stores. Of these 16 stores, two stores will be opened in the first half of fiscal 2012 and the remaining fourteen stores in the second half of fiscal 2012. The majority of these new store openings in fiscal 2012 will be in California. The company currently plans to accelerate its store growth rate to approximately 10% in fiscal 2013, with the majority of new stores expected to be in California.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon's entry would shake up the most?
News

Lip Smacker bakes up new Girl Scout Cookie-inspired lip glosses

BY Antoinette Alexander

NEW YORK — Aspire Brands’ Lip Smacker has inked a licensing deal with Girl Scouts of USA to develop the new Girl Scout Lip Smackers inspired by the flavors of Girl Scout Cookies.

“Girl Scout Cookie-flavored Lip Smackers was a natural fit for us. The flavors are deliciously iconic and the mission of Girl Scouts of the USA is something we have a real interest in supporting,” stated Leslie Gibbs, brand marketing director at Aspire Brands.

The new lip glosses are available in five flavors: Thin Mints, Chocolate Peanut Butter, Trefoils, Peanut Butter and Coconut Caramel Stripes.

They will be available in two holiday collections that will be shipping to Walmart in October. Claire’s also will be carrying the Girl Scout Cookie flavors in a Lip Smacker party pack.
 

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon's entry would shake up the most?
News

Aisle7 launches social media-friendly health content platform

BY Michael Johnsen

PORTLAND, Ore. — Aisle7, creators of Healthnotes, last week announced the availability of Aisle7 Content Explorer, a solution that allows marketers to execute content-focused wellness campaigns on their websites, newsletters, blogs and social media sites.

“Facebook, Twitter and other social services are accelerating the speed of communication," stated Skye Lininger, Aisle7 CEO. "Aisle7 Content Explorer simplifies the process. Customers have access to every single piece of content the moment it’s created. More importantly, they can share it with their audience instantaneously without requiring technical or IT resources.”

The Aisle7 content library consists of wellness articles, content widgets and decision tools to help consumers make informed self-care choices. With Aisle7 Content Explorer, marketers can perform a detailed search, preview an asset and publish to the desired marketing channel. A new Web page, email message, newsletter article or Facebook post on a wellness topic can be distributed to an audience within minutes, Lininger said.

Aisle7 Content Explorer also provides a new “Hot Topics” feature that gives marketers relevant content suggestions on what to share. The latest science-based news, seasonal features and trending topics are featured and updated regularly, providing engaging ideas to create conversations online.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon's entry would shake up the most?