Ann Inc. is publicly responding to an investor presentation held by activist investors Engine Capital and Red Alder on Sept. 15, which urged the company to sell at a substantial premium above current stock price.
August retail sales – excluding automobiles, gasoline stations and restaurants – increased 0.5% seasonally adjusted month-to-month and 2.7% unadjusted year-over-year, according to the National Retail Federation.
1-800-Flowers.com net income jumped to $3.1 million in the fourth quarter of fiscal 2014 compared to $538,000 in the previous year period. Continued focus on leveraging its operating platform helped boost net income.
Net income at 99 Cents Only Stores Inc. slightly increased to $2 million in the second quarter of fiscal 2014 from $1.9 million a year earlier. Net sales rose 6% to $458.2 million from $433.1 million, while same-store sales increased 0.1%.