In today’s top retail news, The Buckle, Inc. posted an 18 percent increase in same-store sales, while Kirkland’s Inc. posted a comparable sales rise of 1.8 percent. Plus, a short but optimistic update issued by Burberry provided a lift to the firm, as well as the broader luxury segment.
The Buckle Reports 81.5 Pct Jump In Online Sales
The Buckle, Inc., the mid-priced casual retail chain, reported an 18 percent rise in same-store sales Friday (March 12), headed up by an 81.5 percent rise in its digital business that accounted for approximately one-fifth of the total. As for its overall results, The Buckle Inc. reported net income per share on a diluted basis of $1.33 on net sales of $318.8 million.
Kirkland’s Inc. Comp Sales Rise 1.8 Pct
Kirkland’s Inc., which operates over 370 stores in 35 states, reported as part of its financial results that comparable sales increased 1.8 percent, with the inclusion of eCommerce growth of 35.5 percent, for the fourth quarter of 2020. As for its overall results, the company posted adjusted earnings per diluted share of $1.40 and net sales of $194.9 million.
Burberry’s Better-Than-Expected Rebound Spurs Confidence In Luxury Retail Sector
A brief but optimistic 100-word update issued by Burberry on Friday (March 12) provided a lift to the company, in addition to the wider luxury segment. “Comparable store retail sales [for the three months ending March 27] are expected to be in the range of +28 percent to +32 percent higher than the same period last year,” the company’s update said.
Ulta Beauty CEO To End 8-Year Stint That Doubled Store Count And Tripled Sales
After concluding her most challenging year ever with higher than anticipated earnings, Ulta Beauty Chief Executive Mary Dillon told investors that she was also concluding her career leading the biggest chain of beauty and cosmetic stores in the nation. As of taking on the leadership role in 2013, the executive has led the exponential rise of the business by doubling the store count and more than tripling revenue.
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