Bernard Chaus Second Quarter Fiscal 2001 Results
Bernard Chaus Inc, designer of women’s career and casual sportswear, has reported that for the fiscal 2001 second quarter and six-month period, the company recorded a net loss of $3.7m, or $0.14 per share, and a net loss of $4.6m, or $0.17 per share, respectively.
Revenues for the second quarter of fiscal 2001 were $30.2m, and $70.9m for the six-month period.
These figures compare to a net income of $631,000, or $0.02 per share, and $4.9m, or $0.18 per share respectively for the fiscal 2000 second quarter and six-month period. Revenues for the same periods in 2000 were $43.5m, and $96.7m respectively.
Speizman Industries Announces Second Quarter Loss
Speizman Industries Inc, distributor of specialised industrial machinery, parts and equipment , has reported a net loss in its second quarter ended December 30, 2000 of $3,750,871 or $1.15 per share, both basic and diluted.
The loss includes a one-time charge for settlement of uncommitted foreign currency derivatives of $3.9m, before income tax benefit.
For the same period last year the company recorded a net income of $1,002,666 or $0.31 per share basic, and $0.30 per share diluted.
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By GlobalDataRevenues for the second quarter were $17.8m, a decrease of approximately $15.1m as compared to the second quarter of the previous year.
Cache Inc Reports January 2001 Comparable Store Sales Increase
Cache Inc, a specialty chain of women’s apparel stores, has reported that during January 2001 comparable store sales increased 7 per cent compared to the same period in 2000.
Total sales for the four week period ended January 27, 2001 increased $1.1m or 12 per cent to $10.0m, for the four week period.
Christopher & Banks Corporation Reports Increased January Same-Store Sales
The Christopher & Banks Corporation, formerly Braun’s Fashions Corporation, has reported an 18 per cent increase in January same-store sales for its five-week period ended January 27, 2001.
Total sales for the five-week period increased 44 per cent to $19.7m from $13.7m last year.
For the eleven months ended January 27, 2001, same-store sales increased 18 per cent. Total sales for the eleven months year-to-date increased 42 per cent to $190.5m from $133.8m last year.
Paxar Reports Fourth Quarter Results
The Paxar Corporation, providers of innovative, value-added identification and tracking solutions to retailers, apparel manufacturers and selected markets, has reported that its sales increased 9 per cent in the fourth quarter of 2000 as compared to the same quarter in 1999.
The weakness in certain foreign currencies reduced actual sales growth to 4 per cent. Also, the Company reported that pro forma diluted earnings per share increased 4 per cent to $0.25.
For the 12 months ended December 31, 2000, sales increased 12 per cent excluding the effects of weaker foreign currencies and 9 per cent after these effects.
The TJX Companies Inc Reports Strong January 2001 Sales
The TJX Companies Inc, an off-price retailer of apparel and home fashions in the US and worldwide, has reported that for the four week period ended January 27, 2001, sales increased by 12 per cent to $528m compared to $472m achieved in the same period last year.
For the 52 weeks ended January 27, 2001, sales reached $9,580m, an increase of 9 per cent over last year’s $8,795m.
Consolidated comparable store sales for the four week period ended January 27, 2001 were up 4 per cent over last year. For the 52 week year-to-date period, consolidated comparable store sales increased 2 per cent over last year.
West Marine Reports Sales For January 2001
West Marine Inc, a specialty retailer of recreational and commercial boating supplies and apparel in the United States, has reported that comparable store net sales for the four weeks ended January 27, 2001 decreased 6.5 per cent.
Total company net sales for the four weeks ended January 27, 2001 were $20.8m, a decrease of 5.5 per cent from net sales of $22.0m for the same period a year ago.
