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Aeropostale swings to Q2 loss; increases store closings
New York -- Aeropostale posted a loss of $33.7 million for the fiscal second quarter that ended Aug. 3, compared to a profit of $71 million a year ago. The teen retailer issued a weak outlook, and upped the number of stores that it plans to close.
Sales decreased 6% to $454.0 million from $485.3 million a year ago. Same-store sales, including the e-commerce channel, fell 15%.
The retailer said it now plans to shut down 30 to 40 Aeropostale locations this fiscal year. Previously, it had stated its plans to close 15 to 20 stores.
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Publix announces North Carolina store openings as it scouts for more locations
Lakeland, Fla. -- Publix Super Markets on Friday announced it will enter the Winston-Salem market and add a third location in Mecklenburg
The Winston-Salem store will measure 49,000 sq. ft. and is slated to open in 2015. The Cornelius store, located in Mecklenburg County, will also encompass 49,000 sq. ft. and will feature a drive-thru pharmacy. Opening is planned for late 2014.
Publix continues to aggressively look for additional locations throughout the state of North Carolina, the grocer said.