Finance & Capital Management

DEERFIELD, Ill. — Higher front-end sales for the month of February helped counter-balance lost revenue from Express Scripts prescriptions, Walgreeens reported Monday. Overall, the drug store chain reported a 1.5% sales increase to $5.9 billion.

Shares of Walgreens were up slightly by 8 cents to $32.77 in early morning trading.

This year’s total February sales benefited from one extra day because of leap year, the company noted. 

Mississauga, Ontario -- Canadian discount store chain The Bargain! Shop said Monday that it will acquire 10 retail locations from Hudson's Bay Co.’s closing Fields banner, effective Aug. 1.

The acquisitions will grow The Bargain! Shop to 237 stores.

"As part of our plan to further grow our organization, this is a great opportunity for us to expand our footprint across Canada," said Lloyd Davis, president of The Bargain! Shop. 

Deerfield, Ill. — Higher front-end sales for the month of February helped counter-balance lost revenue from Express Scripts prescriptions, Walgreeens reported Monday. Overall, the drug store chain reported a 1.5% sales increase to $5.9 billion.

Shares of Walgreens were up slightly by 8 cents to $32.77 in early morning trading.

JACKSONVILLE, Fla. -- Stein Mart has plans to open three new stores on March 15, located in Irvine, Calif.; Suwanee, Ga.; and Sunset Hills, Mo.

The Irvine store is a relocation of another Irvine location. The two new and one relocated store bring Stein Mart’s total store count to 264.

“We are pleased to announce the expansion of our footprint in these three existing markets,” said Jay Stein, interim CEO.

Jacksonville, Fla. -- Stein Mart said Monday it will open three new stores on March 15, located in Irvine, Calif.; Suwanee, Ga.; and Sunset Hills, Mo.

The Irvine store is a relocation of another Irvine location. The two new and one relocated store bring Stein Mart’s total store count to 264.

“We are pleased to announce the expansion of our footprint in these three existing markets,” said Jay Stein, interim CEO.

Washington, D.C. — Two bills designed to protect "covered critical infrastructure" against cyber attacks by terrorists and others should remain focused on their key purpose and not be expanded to include data breach legislation or broad new privacy regimes, the National Retail Federation said.

Sioux Falls, S.D. -- Verizon Wireless services retailer Z Wireless, which operates 12 stores throughout Kansas, on Monday announced the acquisition of T2 Wireless, another Verizon retailer which operates more than a hundred stores in the Great Plains.

Atlantic Street Capital, a private equity firm investing in the lower middle market, acquired Z Wireless in 2011.

TORONTO — Sears Canada is closing three downtown stores in Vancouver, Calgary and Ottawa. The move follows an announcement last month by Sears Holdings, the majority owner of Sears Canada, that it will raise about $770 million by spinning off parts of its business and selling prime real estate.