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Finance & Capital Management

  • Whole Food Q4 profit jumps nearly 50%

    Austin, Texas -- Whole Foods Market Inc. said Wednesday that its fiscal fourth-quarter profit increased nearly 50% on strong sales. The grocer’s company's net income rose to $112.7 million for the period ended Sept. 30, up from $75.5 million a year ago.

    Revenue rose nearly 24% to $2.91 billion, with an extra week in the most recent quarter. Same-store sales were up nearly 9%.

  • Nordstrom Q3 profit up 15%; to open six pop-up shops

    Seattle -- Nordstrom reported third-quarter net earnings of $146 million, up 15% from $127 million for the same quarter last year. Its results were slightly below analysts’ expectations.

    The company said that its third quarter same-store sales, which reflected a timing shift that moved a week of the company’s important Anniversary Sale event into August this year, increased 10.7%. Top-performing merchandise categories included men’s shoes, men’s apparel and kids’ apparel.

  • Stuart Weitzman names CMO, announces other promotions

    NEW YORK — Luxury shoe retailer Stuart Weitzman has promoted Susan Duffy to chief marketing officer. Duffy, who joined the company in April 2011 as SVP global marketing and communications, will continue to lead marketing, advertising, public relations and social media to ensure the branding message is consistent across all worldwide communications platforms as the company expands into new markets.

  • NRF ready to work with Obama

    WASHINGTON — President Obama is back for another term, and whether or not the National Retail Federation supported his re-election, the group said it is ready to work with him on key issues facing the retail industry.

    The National Retail Federation Wednesday released the following statement from President and CEO Matthew Shay on the re-election of President Obama:

  • Holiday Hire Now, Permanent Employee in 2013: Who Will Make the Cut?

    By Jason Hamilton, [email protected]

  • Hurricane Sandy reduces retail sales by nearly 20%

    New York -- Hurricane Sandy is being held responsible for reducing U.S. retail sales in the Mid-Atlantic and Northeast region by about $4 billion last week, according to MasterCard Advisors SpendingPulse.

    According to the report, the region, which accounts for about 24% of retail sales nationwide, typically generates $18.7 billion in sales for that particular week ended Saturday, the Associated Press reported. But revenue came in at about $15 billion. (The figures exclude auto sales.)

  • NRF pledges to work with President Obama in second term

    Washington -- The National Retail Federation released the following statement from President and CEO Matthew Shay on the re-election of President Obama:



  • ComScore: Online retail spending up 15% to $41.9 billion in Q3

    Reston, Va. -- Online retail spending in the United States reached $41.9 billion in the third quarter, up 15% versus year ago, according to comScore. This represents the twelfth consecutive quarter of positive year-over-year growth and eighth consecutive quarter of double-digit growth.

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