Shoe Carnival Reports Fourth Quarter and Full Year 2011 Results

Shoe Carnival, Inc. (NASDAQ: SCVL - News), a leading retailer of value-priced footwear and accessories, today announced net sales and earnings for the fourth quarter and fiscal year ended January 28, 2012.

Fourth Quarter Results
Net sales for the fourth quarter of fiscal 2011 increased 1.1 percent to $181.9 million compared to net sales of $179.9 million for the fourth quarter of fiscal 2010. Comparable store sales decreased 3.0 percent in the fourth quarter of fiscal 2011.

Net earnings for the fourth quarter were $3.3 million or $0.24 per diluted share, as compared to net earnings of $4.4 million or $0.33 per diluted share for the fourth quarter last year.

lululemon athletica inc. Raises Guidance for Fourth Quarter of Fiscal 2011

lululemon athletica inc. [NASDAQ: LULU; TSX: LLL] today announced that the Company is raising its guidance for the fourth quarter of fiscal 2011 ending January 29, 2012.

For the fourth quarter of fiscal 2011, the Company now expects diluted earnings per share to be in the range of $0.47 to $0.49 as compared to its previous guidance range for diluted earnings per share of $0.40 to $0.42. The Company's improved guidance reflects stronger than anticipated net revenue for the quarter.

The Company now expects net revenue to be in the range of $358 million to $363 million for the fourth quarter of fiscal 2011. This compares to the Company’s previous guidance of net revenue in the range of $327 million to $332 million for the quarter, and compares to net revenue of $245 million for the fourth quarter of fiscal 2010.

Zumiez Inc. Reports December 2011 Sales Results

Company Raises Fourth Quarter Guidance

Zumiez Inc. (NASDAQ: ZUMZ - News), a leading specialty retailer of action sports related apparel, footwear, equipment and accessories, today announced that total net sales for the five-week period ended December 31, 2011 increased 18.1% to $104.6 million, compared to $88.5 million for the five-week period ended January 1, 2011. The Company's comparable store sales increased 10.0% for the five-week period, on top of a comparable store sales increase of 9.2% in the year ago period.

Syms Corp Initiates Process to Explore and Evaluate Various Potential Strategic Alternatives

Syms Corp (NASDAQ:SYMS) announced today that its Board of Directors has initiated a process to explore and evaluate various potential strategic alternatives, which may include a possible sale of the Company. The Company has retained Rothschild Inc. as its exclusive financial advisor to assist the Company in connection with the strategic review process.  

There is no defined timeline for this strategic review and there can be no assurance that the review of strategic alternatives will result in any specific action or transaction. Syms does not intend to comment further regarding the evaluation of strategic alternatives, unless a specific transaction is approved or review process is concluded, or it otherwise deems further disclosure is appropriate or required by law.