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  • JoS A. Bank Q2 income up 12.7%; increases store expansion

    Hampstead, Md. -- JoS A. Bank Clothiers reported that its earnings in the second quarter rose 12.7% to $23.2 million, from $20.6 million a year earlier, easily beating analysts projections. The retailer said it plans to open about 45 to 50 stores each in fiscal 2012 and 2013.

    Total sales in the quarter rose 12.9% to $260.3 million. Sales in the company's direct marketing segment, which consists of the Internet and catalog call centers, rose 39.3%.Same-store store sales increased 6.1%.

  • Taubman Asia in joint venture with department store retailer in China

    Hong Kong -- Taubman Asia confirmed a joint venture agreement between Taubman TCBL and Beijing Wangfujing Department Store (Group) Co., Ltd (Wangfujing), one of China's largest department store chains.
     
    The joint venture will own a controlling interest in and manage a shopping center to be located at Xi'an Saigao City Plaza, a large-scale mixed-use development in Xi'an, China, which is developed by Shaanxi Fuli Real Estate Development Co. Ltd. This is the first retail development by Taubman TCBL in China since the company was formed in late 2011.

  • Supervalu realigning management

    Minneapolis -- Supervalu announced that it is restructuring its executive leadership team to ensure alignment around the company’s goals and to better drive and execute the company’s business turnaround.

  • Convenience and value on menu for Q3

    Shoppers are hungry for convenience and value and Target continues to deliver both.

  • Walmart pumps up the fuel savings

    BENTONVILLE, Ark. — Walmart is bringing Americans some much-wanted relief at the pump this fall and winter with the return of its "Great Gas Rollback" program.

  • New Balance steps up e-commerce with Demandware

    BURLINGTON, Mass. — New Balance is engaging Demandware to power its new e-commerce sites for its New Balance, Warrior, Cobb Hill, Aravon and Dunham brands. New Balance plans to use Demandware to launch additional sites in new international markets and for other brands, including PF Flyers.

  • Fresh Market Q2 profit up 27%

    GREENSBORO, N.C. -- The Fresh Market Inc. said Wednesday that its second-quarter net income surged 27%. The company also lifted its profit outlook for the year.

    For the quarter ended July 29, Fresh Market earned $13.3 million, up from $10.5 million in the same period last year.

    Revenue rose 21% to $313 million as the number of shopper purchases rose 5% and the average amount spent rose 3%. Same-store sales rose 8%.

  • Fresh Market gathering sales momentum

    An 8% same store sales increase is atypical for a food retailer which is why The Fresh Market’s second quarter performance is so noteworthy.

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