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  • TJX posts 24% earnings growth, raises guidance

    FRAMINGHAM, Mass. — TJX reported that net sales for the second quarter of fiscal 2013 increased 9% to $5.9 billion and consolidated comparable-store sales increased 7%. Net income for the second quarter was $421 million and diluted earnings per share were 56 cents, a 24% increase over 45 cents per share last year.

  • Home Depot profit rises in Q2

    Atlanta -- The Home Depot reported Tuesday that profit for the second quarter rose to $1.5 billion from $1.4 billion in the same quarter last year.

    Sales edged up 1.7% to $20.6 billion, and same-store sales climbed 2.1% overall and 2.6% in the U.S.

    "As expected, second-quarter sales reflected the pull forward of seasonal activity into the first quarter," said Frank Blake, Home Depot chairman and CEO. "But we saw continued demand for core products and delivered second-quarter earnings above our expectations."

  • Designer Narciso Rodriguez to serve as advisor to Banana Republic

    NEW YORK — American designer, Narciso Rodriguez, will begin an advisory role on Aug. 20 with Banana Republic in partnership with its EVP design and creative director, Simon Kneen, beginning with the fall 2013 collection. In an effort to build upon the strengths of the brand, Banana Republic has created this advisory role specifically for Rodriguez.

  • Retail import cargo to rise 6.3% in August

    Washington, D.C. -- Import cargo volume at the nation’s major retail container ports is expected to increase 6.3% in August, compared with the same month last year, and 2012 should show an increase of 4.8% over last year, according to the monthly Global Port Tracker report released Monday by the National Retail Federation and Hackett Associates.

  • Walmart joins 'Hunger Games' phenomenon

    BENTONVILLE, Ark. — Lest anyone think Walmart would miss out on the opportunity to cash in on the "Hunger Games" phenomenon, the company has followed suit with Target and Toys"R"Us in offering a unique experience for fans.

  • 99 Cents Only celebrates 30 years with sustainable efforts

    CITY OF COMMERCE, Calif. — 99 Cents Only Stores is celebrating its 30th anniversary.

    Since its founding in 1982, the chain has expanded to 302 extreme value stores in four states consisting of 220 stores in California, 37 in Texas, 29 in Arizona, and 15 in Nevada. As part of the celebration, the company is converting 40 semi-trucks from diesel to clean-burning compressed natural gas. Additionally, the company is offering a free reusable shopping bag to customers who visit the store this weekend and purchase at least $9.99 worth of merchandise.

  • Roundy’s grows Q2 profit

    Milwaukee -- Midwestern grocer Roundy’s reported Friday that net income for the quarter ended June 30 rose 6.6% to $18.9 million, compared with $17.7 million in the year-ago period. Sales edged up 1.7% to $996.8 million.

    Same-store sales dropped 3.3%.
     

  • AAFES, Marvel roll out collaborative issue of comic book

    DALLAS — The Army and Air Force Exchange Service and Marvel Custom Solutions on Thursday announced the 13th collaborative issue of an “Avengers” comic book, available only through AAFES locations.

    Marvel and AAFES have printed 1 million copies of the free comic book and currently are available at Exchange stores worldwide while supplies last.

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