Chico's Reports Net Sales Increase; Restoration Hardware Posts Net Loss

Share this article:
Restoration Hardware Inc.'s direct-to-consumer sales jumped 50 percent during the first quarter ended April 30, the Corte Madera, CA-based multichannel retailer of products for the home reported yesterday.


However, Restoration Hardware generated a net loss of $3.1 million in the first quarter compared to a net loss of $3.9 million last year.


Also, the company said net revenue totaled $117.5 million in the first quarter, a 19 percent gain over the previous year. Same-store sales rose 5 percent during the period.


The company also announced yesterday that it is exploring the launch of a new brand that will be tested with a catalog in the fall of 2006 or the spring of 2007.


Also reporting first-quarter results yesterday was Chico's FAS Inc., which said its net sales rose 27.4 percent during the 13-week period ended April 30, totaling $327 million.


The Fort Myers, FL-based multichannel apparel retailer's same-store performance increased 10.8 percent during the quarter.


Share this article:
close

Next Article in Multichannel Marketing

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in Multichannel Marketing

Generating Loyalty for Brands and Retailers in an Omnichannel World

Generating Loyalty for Brands and Retailers in an ...

Harnessing personas, loyalty programs, and new technologies can help marketers better connect with customers.

News Byte: Salesforce Forms Unit to Focus on Verticals

News Byte: Salesforce Forms Unit to Focus on ...

The industries business unit, led by ex-White House CIO Vivek Kundra, will serve six industry groupings.

Columbia U. Puts the "Do" in "Donation"

Columbia U. Puts the "Do" in "Donation"

Columbia University raises nearly $7 million in donations in just 24 hours with a combination of social media, live events, and gamification.