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Strategy

  • 2012 looking good for TJX

    FRAMINGHAM, Mass. — TJX Cos. is headed for a strong 2012, thanks to fourth-quarter sales and profit growth. The company reported that its fiscal fourth-quarter profit rose 42% to $475.3 million, from $334.4 million a year earlier. The owner of Marshalls, HomeGoods and T.J. Maxx also announced plans to repurchase up to $1.3 billion of stock this fiscal year.

    For the quarter, sales rose 6% to $6.7 billion. Same-store sales increased 7%.

  • Save-A-Lot expands in Pennsylvania

    ST. LOUIS — Supervalu subsidiary Save-A-Lot is expanding its presence in Pennsylvania.

    The company is slated to open four new stores in Pennsylvania in February and March, bringing the total number of Save-A-Lot stores in the state to 76, the company said.

  • NRF supports tax reform efforts

    WASHINGTON — The National Retail Federation expressed its support for President Obama's proposal for business tax reform, and pledged to work with the White House and Congress to win passage of legislation that would significantly lower rates in order to help retailers and other businesses create jobs.

  • Lowe's names ops head for West division

    MOORESVILLE, N.C. — Lowe’s has promoted Kevin Measel to SVP store operations for the company’s West division. Measel replaces Jim Frasso, who retired from Lowe’s following a 17-year career with the company.

    Measel has more than 28 years of retail experience in both store operations and merchandising, having served most recently as merchandising VP nursery. Additionally, he has served as regional VP district manager and store manager. He joined Lowe’s in 1994 and has held a number of positions of increasing responsibility.

  • Buzz-building activities pop-up in Toronto

    Today promises to be a special one for 25 Toronto area residents -- assuming their definition of special involves waiting in line for the opportunity to purchase up to three Jason Wu products at a Target pop-up store in Toronto and have their photo taken with the designer and Target’s mascot dog Bullseye.

    Wu’s line of goods sold out quickly when it hit U.S. Target stores earlier this month and that’s sure to be the case in Toronto as the notion of limited quantities and the air of exclusivity tend to ignite the urgency gene in shoppers. 

  • Iconix Q4 profit up 23%; partners with Reliance to expand in India

    New York City -- Iconix Brand Group reported that its fourth-quarter net income rose 23% on increased sales. The company also announced it was forming a joint venture with Reliance Brands Limited, a part of the Reliance Industries Group, to expand in India. Iconix currently has other similar partnerships in Greater China, Europe and Latin America.

    Iconix said its net income totaled $27.2 million in the three months ended Dec. 31, up from $22.1 million in the year-ago period. Revenue rose 8.5% to $95.5 million, from $88 million.

  • Sav-A-Lot to open 13 stores in February/March

    St. Louis -- Save-A-Lot, a wholly owned subsidiary of Supervalu, will open 13 stores in February and March.

    The grocer will open three locations in New York bringing the total number of Save-A-Lot stores in the state to 52. In Ohio, it will open three stores, for a total of 128 locations state-wide. The chain will open four stores in Pennsylvania, for a total of 76, and three in Tennessee, for a total of 108.

  • NRF expresses support for Obama’s business tax reform

    Washington, D.C. -- The National Retail Federation expressed its support for President Obama's proposal for business tax reform, and pledged to work with the White House and Congress to win passage of legislation that would significantly lower rates in order to help retailers and other businesses create jobs.

  • Lowe’s names senior VP store operations

    Mooresville, N.C. -- Lowe’s Cos. announced the promotion of Kevin S. Measel to senior VP store operations for the company’s West division. Measel replaces Jim Frasso, who retired from Lowe’s following a 17-year career with the company.

    Measel has more than 28 years of retail experience in both store operations and merchandising, having served most recently as merchandising VP nursery.
     

  • Planet Retail: Results Paint Mixed Picture for Wal-Mart

    There has been lots of buzz and comment over Wal-Mart Stores’ fourth quarter fiscal results. While the chain’s U.S. sales are rebounding, its quarterly profit and sales fell short of Wall Street expectations and its forecasts suggest that results in this quarter and fiscal year may again disappoint analysts.

    Here are some interesting comments from Natalie Berg, global research director, Planet Retail, on the chain’s results:

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