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  • Limited raises outlook on 2Q earnings growth

    COLUMBUS, Ohio — Limited Brands reported that adjusted earnings per share for the second quarter were 50 cents compared with 48 cents for the same period last year. Adjusted net income was $147.2 million compared with $150.7 million last year. 

    Comparable-store sales for the second quarter increased 8%, and net sales were $2.4 billion compared with $2.46 billion last year. 

  • Sit, stay, grow; pet category get premium private brand

    Ol’ Roy has new company on the shelves in Walmart’s pet department, as the retailer looks to capitalize on growth in high quality segments of the dog food category.

  • Dollar Tree Q2 profit surges 26%

    Chesapeake, Va. -- Dollar Tree Inc. reported Thursday that profit for the quarter ended July 28 soared 26% to $119.2 million, compared with $94.9 million in the year-ago period.

    Sales rose 10.5% to $1.7 billion, just missing Wall Street’s expected $1.71 billion. Same-store sales grew 4.5%.

    However, the company’s outlook fell short of Wall Street expectations, saying that it expects revenue between $1.71 billion and $1.75 billion in the third quarter while Wall Street expects $1.77 billion.
     

  • Scott Naturals names winner of four-week test drive promotion

    DALLAS — Scott Naturals has announced the winner of its nationwide promotion, which asked consumers to to pledge to try the Scott Naturals line of hybrid paper products for four weeks.

    The brand declared the state of Alaska as the winner and will donate $50,000 to be used toward local forest and land conservation efforts to the Alaska Department of Natural Resources, through the National Association of State Conservation Agencies.

  • Art students give fresh look to Hershey's Pot of Gold

    HERSHEY, Pa. and SAN FRANCISCO — The Hershey Company recently partnered with the Academy of Art University in San Francisco, Calif. to provide students with a hands-on package-design opportunity. Students were asked to create a customized heart box design for Hershey's Pot of Gold chocolates to help give the collection a contemporary, fresh look for the 2013 Valentine's Day season.

  • Better BTS promotions offered by retailers this year

    LOS ANGELES — Nearly half of consumers polled in the latest PriceGrabber survey respondents said that retailers are serving up better back-to-school promotions this year, compared with 2011.

  • Deloitte: Consumer spending slips for first time in five months

    New York -- The Deloitte Consumer Spending Index, released on Wednesday, decreased slightly in July, marking the first decline since February 2012. 

    The Index tracks consumer cash flow as an indicator of future consumer spending.

  • Citi Trends narrowed loss in Q2 but missed Street

    Savannah, Ga. -- Despite narrowing its loss in the second quarter from $10 million to $7.9 million this quarter, Citi Trends still missed Wall Street expectations.
     
    Revenue edged up 2% to $132.3 million, which also missed analysts’ forecast. Wall Street expected sales of $133.9 million.
     
    Same-store sales slipped 4%.
     

  • Target profit flat in Q2; raises outlook

    Minneapolis -- Target Corp. reported Wednesday that profit for the second quarter remained essentially flat at $704 million.

    Sales advanced 3.5% to $16.45 million, boosted by a 3.1% same-store sales rise in the quarter but missed Wall Street’s expected $16.75 million in revenue.

  • Sears Canada loss widens in Q2; looking for opportunities to refresh stores

    Toronto -- Sears Canada reported Wednesday a loss of $9.8 million in the second quarter, widened from a loss of $200,000 in the year-ago period.

    Revenue fell 8.5% to $1.050 billion, from $1.148 billion. Same-store sales dropped 7.1%.

    The retailer attributed much of the problem to warm, dry weather in many areas of Canada, which impacted sales of outdoor power equipment.

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