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  • Walmex same-store sales rose 4.1% in August, beating Street

    Mexico City -- Wal-Mart Stores’ Mexican arm Wal-Mart de Mexico reported Monday that same-store sales for the month of August rose 4.1%, beating analysts’ expected 2.8% increase.

    The retailer, which is being investigated for bribery to expedite store openings, projects improved results for the second half of the year.
     

  • Five Below reports loss on one-time costs; revenue surges 40%

    Philadelphia -- Tween discounter Five Below Inc. reported Tuesday a loss in the second quarter of $64.2 million due to one-time costs that were attributed mainly to dividend payments made to preferred shareholders, among others. That compares with a loss of $1.7 million in the year-ago period. However, adjusted profit of $1.2 million beat expectations and the company’s third-quarter and full-year estimates are in line with Wall Street’s forecast.

  • The Men’s Wearhouse to open outlet stores

    New York -- The Men’s Wearhouse will make its outlet center debut in the fourth quarter, opening five stores under the Men’s Wearhouse Outlet banner, management said during the company’s recent earnings call with investors. The stores will be located in outlet centers across the United States.

  • Survey: Retailers focusing on mobile site optimization and in-store technologies

    Denver -- Retailers remain conservative when it comes to financial investments in mobile and tablet initiatives despite the industry buzz, according to a survey by Shop.org and Forrester Research Inc.

  • Charlotte Russe selects MICROS-Retail to revamp retail systems

    WESTBORO, Mass. — Charlotte Russe has partnered with MICROS-Retail, a division of MICROS Systems Inc., to develop and build a robust omni-channel solution as part of a revamp of its retail systems.

  • Orchard Supply swings to loss in Q2; on track with opening/remodeling program

    San Jose, Calif. -- Orchard Supply Hardware Stores Corp. reported Tuesday a loss of $26.7 million for the quarter ended July 28, compared with net income of $3.9 million in the year-ago period. The results include write-offs and charges related to real estate sale-leaseback transactions.

    Sales dipped to $194.1 million from $196.4 million, and same-store sales edged up 0.9%.

  • Casey's profit slips in Q1 but beats Street

    Ankeny, Iowa -- C-store operator Casey's General Stores Inc. reported Monday a profit of $39 million in the quarter ended July 31, compared with a profit of $39.4 million last year.

    Results beat Wall Street expectations, although flat revenue of $1.87 billion missed forecasts of $1.93 billion in sales.

  • Report: Michael Francis going to Gap

    New York -- Michael Francis, who was ousted as president of J.C. Penney Co. in June, is going to Gap Inc., according to Ad Age.

    Francis will serve as a marketing creative advisor for Gap, and join the chain in the advisory role on Sept. 16, the report said.

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