Marketing

Chesapeake, Va. -- Dollar Tree reported Thursday that net income for the quarter ended July 31 surged 21.7% to $94.9 million, compared with $78 million in the year-ago period. The rise marks the fifth straight quarter of double-digit profit increases.

Revenue rose 12% to $1.54 billion, just missing Wall Street estimates. Same-store sales increased 4.7%.

JACKSONVILLE, Fla. — Winn-Dixie Stores has announced that it will convert all SaveRite-branded grocery stores to conventional Winn-Dixie-branded stores and discontinue the SaveRite banner.

BOUCHERVILLE, Quebec — Rona, the largest Canadian distributor and retailer of hardware, renovation and gardening products, has announced the appointment of Dominique Boies to the position of EVP and CFO.   Boies will be a member of Rona's management committee, reporting directly to Robert Dutton, president and CEO.

There was a lot of talk about the favorable membership trends Sam’s Club experienced during the second quarter, thanks to membership and other income that increased 2.5% to $728 million. That prompted Wal-Mart Stores Inc., president and CEO Mike Duke to include Sam’s Club among the list of positive developments he called out regarding the company’s second quarter performance.

“I am also pleased with the momentum in membership income, as Sam’s improves its renewals and upgrades,” Duke said.

South Denver’s Park Meadows regional mall is officially 15 years old -- and it is celebrating throughout the month of August with free community entertainment and activities, culminating in a free community pancake breakfast August 30, 2011.

Oakbrook Terrace, Ill. -- Marcus & Millichap Real Estate Investment Services said it has promoted Tammy A. Saia to VP investments.

Saia began her career with Marcus & Millichap in September 2003, specializing in the sale of retail properties. Most recently, she held the position of associate VP investments.

 

MINNEAPOLIS — Target reported second quarter earnings per share of $1.03 that beat analysts’ estimates by a nickel, and the company elevated its full year profit forecast amid ongoing success of key initiatives.

Retail sales increased 5.1% to $15.9 billion from $15.1 billion thanks to a 3.9% same-store sales increase and the addition of several new stores. Operating profit for the retail business increased at a slower rate, rising 4.6% to $1.147 billion from $1.096 billion.

Chattanooga, Tenn. -- CBL & Associates Properties announced that Jimmy Neely and Kyle Capshaw have joined the company's leasing department.

Neely joins CBL as a senior leasing manager responsible for Hanes Mall in Winston Salem, N.C., and Randolph Mall in Asheboro, N.C. He previously held various positions with Colonial Property Trust of Birmingham, including leasing, development and peripheral property.