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Consumer Affairs & Relations

  • Gap Q3 income falls 1%, sales up 2%

    San Francisco -- Gap said its third-quarter net income fell 1% to  $303 million for the period that ended Oct. 30. That compares with $307 million a year earlier.

    Revenue rose 2% to $3.65 billion, boosted by increases in online and international sales. Same-store sales were flat.

  • BJ’s to raise membership fee

    Natick, Mass. -- BJ’s Wholesale Club plans to raise its annual membership fees by $5, to $50, and invest the increased revenues in store remodels.

    The fee increase, which will start in January, is the company’s first since 2006. BJ’s said it would generate about $20 million in new revenue, including an expectation that renewals would decrease 1% to 1.5% as a result of the hike.
     

  • Wal-Mart plans first stores in Washington, D.C.

    Bentonville, Ark. -- Wal-Mart Stores said Thursday it will open its first four stores in Washington, D.C., as part of the retailer’s effort to increase its urban expansion stride.

    Wal-Mart said it plans to open the smaller-format urban stores in Washington, D.C. in late 2012, and said it has met little resistance from the area. The retailer said its poll of 800 locals found nearly three-quarters of Washingtonians favored Wal-Mart coming to the city.

  • William Sonoma Q3 profit rises sharply

    San Francisco -- Williams-Sonoma reported Thursday that net income for the third quarter rose to $36.5 million, up from $7.3 million.

    The company, which runs Williams-Sonoma and Pottery Barn, also recorded a 12% revenue rise to $816 million, beating Wall Street expectations of $799.5 million.

  • Limited Brands profit surges in Q3

    Columbus, Ohio -- Limited Brands reported Wednesday that net income for the quarter ended Oct. 30 soared to $61.3 million, compared with $6.1 million a year earlier. The company also said it would repurchase $200 million in shares.

    Same-store sales increase 10%, and net sales were $1.99 billion compared with $1.78 billion last year.

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