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Discounters post solid results for January; Macy’s misses estimates
New York City -- The nation’s discount chains reported solid results for January, with Target Corp., TJX Cos., and Costco Wholesale Corp. all reporting gains above expectations. Overall, discounters reported stronger results than department stores, which appeared to take a greater hit due to the unseasonably warm weather and heavy promotions.
As the first month of the year, January accounts for only 20% Nov.-Jan. sales, and 7% of annual sales, according to RetailMetrics.
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Forever 21 expansion opens at Town Center at Boca Raton
Boca Raton, Fla. -- Town Center at Boca Raton, in Boca Raton, Fla., will celebrate the expansion and relocation of Forever 21 to its soon-to-be-completed Cafes at Boca. The 19,000-sq.-ft. upgraded store will offer upgrades and added offerings.
“With the relocation of our store at Town Center at Boca Raton, we are able to accommodate more brands and new concepts,” said Larry Meyer, Forever 21 executive VP.