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  • April sales rise at Rite Aid

    Camp Hill, Pa. – Total drugstore sales at Rite Aid grew 4.9% to $1.99 billion in April 2014 from $1.9 billion the same month in the previous year. Same-stores sales for the month increased 5%.

    Rite Aid cited the shift in Easter from March in 2013 to April in 2014 as helping to boost same-store front-end sales.

     

  • More Limited Opportunities

    Canada no longer top priority for U.S. retail expansion

    During the past few years, U.S. and international retailers have flocked to Canada in the hunt for top-line growth as store portfolios matured in the United States and there were fewer opportunities for expansion. In fact, many U.S. retailers considered Canada to be an extension of their domestic businesses due to the similarities and close proximity to their home offices.

  • MasterCard enjoys a strong start to fiscal 2014

    Despite what president and CEO Ajay Banga called a “mixed global economy,” MasterCard Incorporated kicked off the year with a strong quarter.

    The company reported net income of $870 million, up 14%, and earnings per diluted share of $0.73, up 18%, in each case versus the year-ago period.

  • Kellogg makes 'great' progress with Project K

    Kellogg Company said that its first-quarter results for earnings per share were greater than the company's expectations, while results for operating profit were in-line with expectations, thanks in part to Project K — the company’s global cost-cutting initiative.

    Net sales for the quarter decreased 3.1% to $3.7 billion. Internal net sales, which exclude the effects of foreign currency translation, acquisitions, dispositions and integration costs, decreased 2.4% over the same period.  

  • Increasing federal minimum wage suffers setback

    An effort to raise the federal minimum wage to $10.10 failed on Wednesday, as the issue was not able to clear a procedural vote in the Senate. Senators predominantly voted across party lines, which places Democratic senators in favor and Republican senators opposed.

    According to published reports, while the defeat was expected it is serving as a rallying cry for Democrats preparing their next campaign.

  • Restaurant sales, traffic and capital spending on the rise

    Washington, D.C. -- Driven by stronger same-store sales and customer traffic and a more optimistic outlook among restaurant operators, the National Restaurant Association’s Restaurant Performance Index 's rose to a 10-month high in March. The RPI – a monthly composite index that tracks the health of and outlook for the U.S. restaurant industry – stood at 101.4 in March, up 0.9 percent from February's level of 100.5.  

  • Survey: Retailers getting more aggressive in mobile investments as payback grows

    Chicago -- Mobile (including tablet), marketing and personalization were the top three issues that retailers will devote the most time to in 2014, according to the e-tailing group’s 13th Annual Merchant Survey. Omni-channel and platform rounded out the top five concerns.

  • Tile Shop swings to profit in Q1; on track for 20 new stores

    Minneapolis – Tile Shop Holdings Inc. reported net income of $3.7 million in the first quarter of fiscal 2014, a substantial improvement from a net loss of $44.7 million in the same quarter a year earlier. The retailer plans to open 20 new stores during fiscal 2014.

  • Outlets Are In

    Eleven centers opened last year, with 50 more on the drawing boards

    The recession lit the fuse that has produced an explosion of outlet center development.

  • Sport Chalet marks 55th anniversary

    Sport Chalet is turning 55 this year and to mark its anniversary, the retailer is taking a look at some of the biggest fitness trends and milestones from the past five decades, and forecasting trends consumers can expect in the decade to come.

    In 1959, Norbert and Irene Olberz opened an intimate ski shop in La Canada Flintridge, Calif. Now there are 51 stores in four states, featuring the industry's top brands across a variety of sports and fitness activities.  

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