Marketing

Menomonee Falls, Wis. -- Kohl's Corp. reported Thursday that profit for the quarter ended July 30 rose 17% to $303 million, compared with $260 million in the year-ago period. The retailer cited tightened cost controls and success of store-label brands for the improved performance, and has raised its full-year guidance.

Kohl’s said it is on track to open an additional 31 stores this year, as well as remodel another 15 stores next month. The company opened nine and remodeled 85 stores in the first half of the year.

Wayne, N.J. -- Toys “R” Us said Thursday it has completed a 5.38 megawatt rooftop solar power system at the company’s largest distribution center in Flanders, N.J.

The solar roof is estimated to offset 72% of the electrical needs for the Toys “R” Us facility, making it the largest operational rooftop solar installation in North America.

HOFFMAN ESTATES, Ill. — Parents will spend more on apparel for this school year versus last year, a new survey from Sears and BlogHer, a network of women social media leaders, revealed. 

MENOMONEE FALLS, Wis. — Strong private brand performance and smarter expense management helped Kohl's deliver a hefty earnings increase and respectable sales growth for its second quarter.

The company reported second quarter diluted earnings per share increased 30% to $1.09. Net income for the quarter was $303 million, compared with $260 million (84 cents per diluted share) a year ago. Net sales were $4.2 billion, an increase of 3.6% over the comparable prior year quarter. Comparable-store sales for the quarter increased 1.9%.

Dallas -- SRS Real Estate Partners announced Thursday it has hired Lenny Eterno as a senior associate in the South Florida office.

Eterno will be focusing on the Miami Beach and downtown Miami trade areas.

Prior to joining SRS, Eterno worked for SRS’ affiliate, Cypress AutoGroup, LLC, where he completed transactions throughout the southeast.
 

Walmart’s policy of prohibiting employees from accepting the smallest of gratuities has been in place for a long time and for good reason. Veterans of the company will tell you that early on it was a key driver of success because there was a time when the retail industry was rife with merchants who tended to make buying decisions that were in their best interest as opposed to those of customers.

ROANOKE, Va. — Advance Auto Parts saw its second-quarter earnings per share jump 26% to $1.46 from $1.16 for the same period last year, as the company looks to further invest in commercial, e-commerce and DIY businesses.

Matthews, N.C. -- Family Dollar said Thursday it has opened its 7,000th store -- on South Highland St. in Memphis, Ten.

The newest store, which opened on Wednesday, features a new design with green elements and easy-to-navigate layout.