Events

Matthews, N.C. -- Family Dollar Stores reported Wednesday that net income for the quarter ended March 2 edged up to $140.1 million, compared with $136.4 million in the year-ago period.

Sales increased 17.7% to $2.89 billion from $2.46 billion, and same-store sales rose 2.9%.

NEW YORK — Macy's has launched a new contest to find America's best griller. Customers can enter the "Macy's Great American Grilling Guru" contest via Facebook.com/macys from April 9 through April 27. Six finalists will be pitted against each other in a "Sizzle Showdown" on June 8 in Atlanta. One winner will earn the coveted title of America's Greatest Grilling Guru and receive the grand prize: $10,000 and a trip to Macy's 4th of July Fireworks in New York City. 

WASHINGTON — The National Retail Federation issued a statement on Tuesday in support of the International Longshoreman’s Association’s approval of a new long-term master labor contract covering port terminal operations along the East and Gulf Coast ports.

New York -- J.C. Penney Co.’s shares fell 12% on Tuesday to close at $13.93, and nearly reached their lowest levels since 2001, Reuters reported.

It was a rough day for Penney as industry analysts debated the surprising decision to replace ousted CEO Ron Johnson with his predecessor, Myron “Mike” Ullman.

New York -- Caribou Coffee will close some 80 stores nationwide and turn 88 other locations into Peet's over the next 12 to 18 months, the Chicago Tribune reported.

Caribou, which is based in Minneapolis, went private this year in a $340 million deal with German investment firm Joh. A. Benckiser Group (JAB), which also owns Peet’s.  

FRAMINGHAM, Mass. — Women are taking fashion into their own hands, according to a new study from T.J.Maxx and Dr. Hazel Clark, research chair of fashion at Parsons The New School for Design.

Seattle -- Nordstrom said Monday it will open a new namesake department store in Toronto in fall 2016, making its foray into the country a two-store debut.

The three-story, 188,000-sq.-ft. store planned for Toronto's Yorkdale Shopping Centre will join a previously announced, smaller store in the city's Sherway Gardens mall.

Washington, D.C. -- A report on Friday by the Labor Department showed that retail employment declined by 24,000 in March, the biggest slide since February 2012. The largest hiring slump occurred among clothing and accessories stores, which dropped 15,000, followed by a 10,000 decrease among building-material and garden suppliers.
 
Retailers have been slow to hire largely because of the concern over the 2% increase in payroll taxes and how the bump is impacting consumer spending.

Nashville -- Genesco Inc. said Friday it will withdraw its listing on the Chicago Stock Exchange, citing a need to streamline operations and eliminate overlapping administrative requirements and costs.

The company, which owns the Journeys, Lids, and Johnston & Murphy banners among others, will continue to list its common stock on the New York Stock Exchange.  

Phoenix -- Leslie’s PoolMart will mark the grand opening of five retail locations on April 12. The stores are in Gold Canyon, Ariz., Madera, Calif., Torrance, Calif., West Springfield, Mass., and Magnolia, Texas.

In total, Leslie's plans to open 48 new stores this year between March and May. With these new stores and its recent acquisition of 24 Warehouse Pool Supply stores in the Houston area, Leslie's will bring its total store count to more than 800 stores nationwide.