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%.

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 -- 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.  

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.

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.

NEW YORK — PVH is launching a new golf-focuse campaign for its Izod brand. The Izod Golf platform includes a new ad campaign, multi-year sponsorships of three “Team Izod” PGA Tour golfers, and multiple sponsorship activations planned throughout the season. 

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.  

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.