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  • CVS Caremark Q4 profit up nearly 4%

    Woonsocket, R.I. -- CVS Caremark Corp.'s fourth-quarter earnings rose nearly 4% to $1.06 billion, amid increased pharmacy services revenue because of a long-term contract and new business. The company raised its 2012 earnings forecast by 3 cents per share to account for gains it expects because of a contract dispute between Walgreens and Express Scripts Inc.

    Net revenues for the quarter increased 15.2% to a record $28.3 billion. Drugstore revenue increased 4%. Same-store sales were up 2.5%.

  • Jersey Gardens deploys 4.8 megawatt rooftop solar power system

    New York City -- Glimcher Realty Trust announced the completion of a 4.8-megawatt rooftop solar system at Jersey Gardens in Elizabeth, N.J. The project, which ranks among the largest rooftop systems in North America, broke ground in June 2011 and began producing power this week.

  • San Francisco expands plastic bag ban to all retailers

    New York City -- San Francisco’s Board of Supervisors on Tuesday approved a proposal to expand the city’s bag on plastic bags from grocery stores and pharmacies to all retailers, including restaurants.

    The expanded regulations also call for customers to pay a 10-cent surcharge for paper bags at the point of purchase. The businesses charging the fee will keep the money to use how they see fit.

  • Ellen DeGeneres addresses J.C. Penney controversy

    New York City -- The popular television talk show host and comedian Ellen DeGeneres said she was “proud and happy” that J.C. Penney remained committed to her after One Million Moms asked the retailer to dump her as a spokesperson because she is gay.

    The group, a division of the conservative American Family Association, warned they would boycott J.C. Penney stores if the chain did not go along with their request.

    DeGeneres addressed the issue on Tuesday at the taping of her television show. The show will air on Wednesday.

  • Dunkin’ Donuts in deal for 11 stores in Denver, eight in El Paso

    Canton, Mass. -- Dunkin' Donuts announced the signing of a multi-unit store development agreement with a newly formed subsidiary of Sizzling Platter, LLC (Sizzling Donuts, LLC) for 11 new restaurants in Denver, and eight in El Paso, Texas.

    The company also acquired two additional existing restaurants in El Paso.
     

  • Genpack to provide IT help desk support to Dollar General

    New York City -- Genpact, a leader in business process and technology management, announced the transition services started in 2011 have been completed and IT Help Desk production support services are now fully operational as of Jan. 1, 2012 with Dollar General Corp.

  • McCormick and Co. to open its first-ever retail store

    Sparks, Md. -- Spice and flavoring company McCormick and Co. will open its first-ever retail location, McCormick World of Flavors, at Harborplace in Baltimore.

    The 3,800-plus-sq.-ft. store will display McCormick’s full line-up of products along with interactive and educational displays. Visitors will be invited to chart their personal flavor profile and explore the origins of spices, among other activities. The space will also include a demonstration area where McCormick's own chefs and celebrity chefs will cook using McCormick flavors.

  • Pantry narrows Q1 loss

    Cary, N.C. -- The Pantry reported Tuesday that it narrowed its loss in the quarter ended Dec. 29 to $2.9 million, from $12.2 million in the year-ago period.

    Total revenue increased to $1.96 billion, beating Wall Street's expected $1.93 billion in revenue.

    Same-store merchandise revenue increased 2% in the quarter.
     

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