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Marketing

  • Pier 1 to close 100 stores over three years

    Fort Worth, Texas – Pier 1 Imports Inc. on Thursday reported a declining profit for its fourth quarter and also announced that it plans to close 100 stores as part of a three-year real estate optimization plan.

    Pier 1 reported net income of $33.1 million in the fourth quarter of fiscal 2015, down 22% from $42.6 million the same quarter a year earlier.  Expenses related to the retirement of the company’s former CFO, as well as increased selling, general and administrative (SG&A) expenses, contributed to the decrease in profit.

  • Uniqlo to open D.C., Denver, Seattle stores

    Japanese retailer Uniqlo's U.S. expansion is picking up speed as the company prepares to open its first-ever stores in the Seattle, Denver and Washington, D.C.

  • Eatery chain Newk’s plans 200 new stores by 2018, Southern expansion

    Jackson, Miss. – Newk’s Eatery is planning franchise growth in new markets stretching across the South. Expansion will occur in markets including Savannah, Georgia and Orlando, Florida, to Lubbock and Midland-Odessa, Texas, with Washington, D.C, Richmond and Norfolk/Virginia Beach, Virginia, Indianapolis, St. Louis and Oklahoma City in between.

  • Staples gets in to the 'Shark Tank' for small business

    Staples is getting into the “Shark Tank” to attract more small business owners to its stores by teaming up with ABC’s popular TV show.

    The retailer will sponsor debut products from inventors on ABC’s “Shark Tank” television show and on Staples.com and in select Staples stores. The successful entrepreneurs behind the products will be featured during three episodes of ABC’s “Shark Tank” starting April 10.

  • Deckers names New Balance exec as new Teva president

    Goleta, Calif. – Deckers Brands has appointed Wendy Yang as Teva brand president, effective May 1. In this role, Yang will design and lead Teva's global brand strategy and report directly to Dave Powers, president of Deckers Brands.  

  • Kroger Co. names new Dillons chief

    A 38-year Kroger employee who started out in the company bagging groceries at a Cincinnati area store has been promoted to president.

  • Taxes help Rite Aid beat Street with impressive Q4 profit

    Camp Hill, Pa. – Rite Aid Corp. beat Wall Street expectations with soaring profit in the fourth quarter of fiscal 2014. The retailer reported net income of $1.83 billion, exponentially larger than net income of $55.4 million in the same quarter a year earlier.

    A favorable tax asset valuation drove the substantial profit growth. Revenues rose 4% to $6.8 billion from $6.6 billion, mostly due to a same-store sales increase of 4.5%.

  • Walmart wage hikes under way in many states

    Walmart is beginning to raise wages for workers in several states as part of its employee initiative for fiscal 2015.

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