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Strategy

  • Rite Aid opens 'next generation' Wellness store, reports September sales

    CAMP HILL, Pa. — Rite Aid unveiled what it called its "next generation" Wellness store as the chain reported a decrease in same-store sales Thursday.

    The store, in Lemoyne, Pa., is less than a mile from the 4,639-store chain's Camp Hill, Pa., headquarters. A ribbon-cutting Thursday morning marked the store's grand opening.

  • Costco and TJX beat estimates in September, Target misses

    New York -- Costco Wholesale Corp. reported a better-than-expected 6% rise in September same-store sales, helped by higher gasoline prices and a stronger dollar. Excluding the impact of gasoline prices and foreign exchange, comparable September same-store sales rose 5%.

    Net sales rose 8% to $9.31 billion in the five weeks ended Sept. 30. Costco, which currently operates 608 warehouses, said it plans to open up to 14 new warehouses prior to the end of calendar year 2012.

  • Barnes & Noble, Microsoft seal Nook deal

    NEW YORK & REDMOND, Wash. — Barnes & Noble and Microsoft have completed their previously announced strategic partnership in Nook Media LLC, a recently formed Barnes & Noble subsidiary and a leader in the emerging digital reading and digital education markets.

  • Working for Target just became more fun

    Silicon Valley companies paved the way for corporate America to offer non-traditional workplace amenities and now Target has joined their ranks.

  • Bebe sees slowed sales in Q1; in hunt for CEO

    Brisbane, Calif. -- Fashion retailer Bebe reported Wednesday that total sales for the first quarter fell 9.4% to $105.1 million. Same-store sales dropped 8.7%, missing expectations of a more moderate 6.8% decline.

    The 250-store chain has officially launched a search for a new CEO, announcing on Wednesday it has retained Russell Reynolds Associates to lead the effort. Former CEO Gregory Scott resigned the post in January 2009, and founder Manny Mashouf has been serving in an interim capacity since that time.

     

  • Is Target missing the layaway boat?

    Layaway program have become all the rage the past few years as retailers seeks to offer shoppers every conceivable convenience to capture every available sales dollar.

  • Corner Bakery names new president to lead expansion

    Dallas -- Corner Bakery Café said Wednesday it has named Gary Price as president of the chain.

  • More, more, more at Family Dollar

    Family Dollar said it would open 500 new stores next year following the release of record sales and profits on Wednesday morning.

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