Strategy

Dallas -- Zale Corp. said Tuesday that it has appointed David F. Dyer, chairman, president and CEO of Chico’s FAS, to its board of directors, effective immediately.

The company also announced the resignation from the board of Charles M. Sonsteby, who had served since November 2006.

Providence, R.I. -- DijiPOP, a leading provider of on-demand digital shopper marketing technology solutions, announced that Walmart Canada has selected the company to power the digital shelf space monetization efforts of its rapidly growing Walmart.ca online property.

As a complement to Walmart Canada’s current advertiser program, DiJiPOP’s technology will integrate deeply with Walmart Canada’s existing proprietary vendor portal, allowing Walmart.ca vendors to reserve premium shelf space.

Bentonville, Ark. -- Wal-Mart Stores reported Tuesday that earnings for the quarter ended Jan. 31 jumped 27% as its international stores posted strong results. In the United States, however, the retailer posted its seventh straight quarterly sales decline, falling short of its own projections for the holiday period.

Cincinnati -- Macy’s reported Tuesday that net income jumped 50% in the fourth quarter ended Jan. 29, and projected its full-year profit would meet Wall Street expectations.

After a strong holiday season, the retailer earned $667 million in the fourth quarter, compared with $445 million in the year-ago period.

Revenue rose 5% to $8.27 billion, just missing analysts’ average forecast for $8.28 billion. Same-store sales increased 4.3%.

Atlanta -- Home Depot reported Tuesday that profit for the quarter ended Jan. 30 surged 72% to $587 million, compared with $342 million a year earlier, and and the home-improvement chain provided 2011 guidance at or above the views it gave in December. Results were helped by a strong showing in the United States.

Revenue increased 3.8% to $15.12 billion, beating Wall Street expectations of $14.81 billion. Same-store sales rose 3.9% and were up 4.8% in the United States.

Plano, Texas -- J.C. Penny Co. said Tuesday it has introduced a new logo, designed to symbolize the retailer’s transformation to a more updated and relevant destination.

The new logo emphasizes a new, lowercase “jcp” by positioning it slightly off-centered in a red box while still featuring the company's signature red color. It was designed by Luke Langhus, a third-year graphic design student at the University of Cincinnati.

New York City -- Barnes & Noble reported Tuesday that net income for the quarter ended Jan. 29 decreased 24.7% to $60.6 million, from $80.4 million a year earlier. Although the chain returned to profitability after three straight quarters in the red, its increase in revenue was lower than expected.

Overall sales were up 6.9% to $2.3 billion. Same-store sales at its namesake stores rose 7.3%; same-store sales at its college bookstore chain dropped 2.2%.

St. Louis -- Discount grocer Save-A-Lot said Monday it will open five new stores in Chicago’s South Side neighborhoods, nearly doubling its store counts in the area.

The subsidiary of Supervalu said the new stores will open on Feb. 24. The additions will give Save-A-Lot 13 Chicagoland stores. The grocer said it expects to open five more locations in the greater Chicago area by February 2012.

McLean, Va. -- McLean, Va.-based Cityline Partners said Monday it has introduced a plan for the long-term transformation of about 40 acres of land in Tysons Corner, Va., into an integrated mix of office, residential, hotel, retail, and civic uses surrounding an improved Scotts Run Stream Valley Park.

Mexico City -- Wal-Mart de Mexico SA reported Tuesday that profit for the fourth quarter increased 14%, citing newly acquired stores in Central America for the improved performance.

The Mexican unit of Wal-Mart Stores said that net income rose to $539 million in the fourth quarter, up from $474 million in the year-ago period.

Revenue rose 25% to $8.3 billion. 

Walmex recently acquired stores in Guatemala, El Salvador, Honduras, Nicaragua and Costa Rica.