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Toys“R”Us names new CEO
The architect of the reinvention of Domino's Pizza will become the next CEO of Toys"R"Us in July.
David A. Brandon will succeed Antonio Urcelay, as he is retiring from the company.
Brandon, 63, has deep experience in growing businesses, developing talent and building high-performance cultures that enable organizations to create and capture value.
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Dollar General beats Q1 profits, misses sales; on track to open 730 stores
Goodlettsville, Tenn. – Dollar General Corp. beat Wall Street expectations for profit but missed on sales in the first quarter of fiscal 2015. Net income totaled $253 million, up 14% from $222 million the same period the prior year.
Higher initial inventory markups, improved inventory shrink rate and lower transportation costs helped boost net income. Net sales increased 9% to $4.92 billion, compared to $4.52 billion. Same-store sales increased 3.7%, resulting from increases in both customer traffic and average transaction amount.
