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  • Tuesday Morning quarterly profits down

    DALLAS -- Tuesday Morning reported that net income for the quarter ended Dec. 31 was $17.3 million, compared with $18.5 million in the year-ago period.

    Net sales decreased 3.6% to $279.3 million from $289.6 million. Same-store sales decreased 3.2%.

    According to Kathleen Mason, president and CEO: "We anticipate that we will return to positive comparable sales for the remainder of the fiscal year.” Tuesday Morning reported four consecutive quarters of same-store sales growth prior to the second quarter.

  • Rite Aid kicks off contest for Wellness+ members

    CAMP HILL, Pa. - Rite Aid on Monday sweetened the pot for those loyalty card members braving the cold and visiting the pharmacy in February.

    With the purchase of $100 or more of specially marked products throughout the store, Rite Aid’s Wellness+ cardholders can earn a $20 +UP Reward, and at the same time be automatically entered into a sweepstakes featuring more than $100,000 in prizes, as part of Rite Aid's new Winter Rewards Program through Feb. 26.

  • IBISWorld: Valentine's Day will drive retail sales

    LOS ANGELES — IBISWorld predicted Valentine's Day will boost retail sales in a new report.

    The independent market and research firm said that consumers are expected to spend 5.8% more on Valentine’s Day purchases this year than last year, totaling $18.6 billion, or about $125 per person.

    Big gains will be seen across all categories. Jewelry is expected to see an 11.3% boost, greeting cards and candy are projected to grow 4.9% and 5.1%, respectively, and clothing and lingerie should see a 3.4% rise.

  • Target offering unbeatable combination, so far

    Target has never claimed to have the lowest prices, but it might want to rethink that strategy now that it has the benefit of its REDcard loyalty program.

  • Many Americans believe private-label products are high quality

    CHICAGO — It seems that private-label brands are getting a sterling reputation among shoppers.

    According to new research by Mintel, consumers have taken notice of private-label companies' "better-for-you" products and attractive packaging, as 44% of grocery shoppers believe store-brand products are of better quality today than they were five years ago. What's more, 39% of respondents said they would recommend purchasing a store-brand product.

  • Supervalu customers tackle cravings during Super Bowl

    MINNEAPOLIS — During the Super Bowl, football fans look forward to guilt-free snacking and will fumble on healthy eating goals for the day, according to the 2011 Supervalu Snack Down Survey by Harris Interactive.

  • One stop shopping gets new meaning at tax time

    Jackson-Hewitt tax preparation kiosks are now open in more than 2,000 Walmart stores in anticipation of an onslaught of consumers eager for their refund to arrive as soon as possible. Nearly half of those who receive a refund get it in February, according to IRS data cited by Walmart, so the retailer is touting the presence of Jackson-Hewitt kiosks in its stores and a preparation fee of $38 for the most basic of returns, the 1040EZ, with only two W2s.

  • Retail sales in December rise for sixth consecutive month

    Washington, D.C. -- Retail sales rose for a sixth consecutive month in December, with big gains in sales of autos and furniture. The increases lifted sales activity for the year by the largest amount in more than a decade.

    Sales rose 0.6% last month to a level of $381 billion, the Commerce Department said Friday, less than the 0.8% economists had expected. However, the increase pushed sales for all of 2010 up 6.7%, the largest annual increase since 1999. Excluding autos, retail sales rose 0.5% last month.

  • Sam's pushes membership at open house

    Sam's Club held an open house Jan. 11 to Jan. 13 to show its support for small businesses nationwide.

    During the event, guests could take advantage of deals usually only afforded to members. For example, a HP G72 Notebook with 17.3” HP BrightView LED display, Intel Pentium Dual Core Processor, 4GB Memory, 320 GB hard drive2 was being offered for $499 and a gallon ProForce Pine Cleaner and Deodorizer was going for $4.58.

  • Correction: sales did not exceed expectations

    It seemed like everything was going Target’s way after the company reported a 5.5% same-store sales increase during November, but then the revelation came last week of a 0.9% December comp increase and the wind came out of the company’s sales.

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