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  • Report: Wal-Mart exec who called sales ‘total disaster’ has left

    New York -- A Wednesday report by Reuters said that Jerry Murray, the Wal-Mart finance VP who called the chain's early February sales "a total disaster" in an email made public by Bloomberg, has left the company, effective April 5.

    Wal-Mart Stores has confirmed the report, telling Reuters that it was Murray's decision to leave and that his last day at Wal-Mart was Friday.

  • California Grocers Association names head of public policy

    SACRAMENTO, Calif. — The California Grocers Association has named Keri Askew Bailey as SVP government relations and public policy, effective immediately.

    In this newly created position, Bailey will assume responsibility for creating and managing an aggressive public policy program through the development and facilitation of coalitions with CGA membership, ally associations, chambers of commerce, and other interested parties.

  • RILA: President’s budget falls short on tax reform

    Arlington, Va. -- A statement by The Retail Industry Leaders Association regarding President Obama’s 2014 budget proposal was issued Wednesday, saying, “While we applaud the President for recognizing the urgent need for revenue neutral corporate tax reform, his proposal falls short of the bold reforms needed.” said Bill Hughes, SVP government affairs.  

  • J.C. Penney: The Best Case for Test and Learn

    By Rafi Musher, [email protected]

  • Tuesday Morning comps up 2.8% in Q3

    DALLAS — Tuesday Morning Corp. said total sales for the third quarter ended March 31 increased 3.1% to $178.1 million, from $172.7 million in the year-ago period.

    Same-store sales rose 2.8%, boosted by increases in average transaction value and customer traffic. 

    For the nine-month period ended March 31, revenue at stores open at least a year increased 3.7% and total sales rose 3.2% to $636.2 million, from $616.4 million.

    The company plans to release its full third-quarter results on April 25.

     

     

  • RILA pushes for tax reform

    ARLINGTON, Va. — The Retail Industry Leaders Association said Monday via a written letter to the House Ways and Means Committee that all corporate tax preferences need to be “put on the table” so that politics can be neutralized and progress can be made.

  • J.C. Penney’s stock falls amid reports that Q1 same-store sales off 10%

    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.

  • RILA pushes for tax reform

    ARLINGTON, Va. — The Retail Industry Leaders Association said Monday via a written letter to the House Ways and Means Committee that all corporate tax preferences need to be “put on the table” so that politics can be neutralized and progress can be made.

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