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Retail

  • Rite Aid sales gets boost in July

    Camp Hill, Pa. — Rite Aid had another month of positive sales growth in July, the retail pharmacy chain said Thursday.

    Rite Aid said same-store sales for the four-week period that ended last Saturday increased by 1.3% compared with the same period last year. The increase included a 0.7% increase in front-end same-store sales and a 1.6% increase in pharmacy same-store sales. Same-store scripts increased by 0.4%. Total sales for the month were $1.898 billion, a 0.9% increase over $1.881 billion last year.

  • Max Brenner opens Chocolate Bar in Bethesda, Md.

    Bethesda, Md. Max Brenner has opened a Chocolate Bar in Bethesda, Md., along Bethesda Row. It is the first location for the chocolate retailer in the Washington, D.C., metropolitan area.

    The interior of the shop features vats of swirling chocolate and chocolate pipes running the length of the ceiling.
     

  • OfficeMax gets $72 million distribution from stake in Boise Cascade

    Naperville, Ill. -- OfficeMax Inc. said Wednesday it received a $72 million cash distribution from Boise Cascade Holdings LLC, in which it has a minority stake.

    OfficeMax owns about 20% of the voting equity securities of Boise Cascade, which went public in February. The company manufactures plywood and other building materials.

    OfficeMax is in the process of merging with rival Office Depot.

     

  • Veteran retailer Allen Questrom joins Men’s Wearhouse board

    Fremont, Calif. -- Allen I. Questrom, who has held CEO and other senior executive positions at several major retailers in the past 40 years, has joined the board of directors of The Men’s Wearhouse. With the addition of Questrom, currently a member of the boards of directors of Sotheby's and the Glazer family of companies, Men’s Wearhouse has nine directors, seven of whom are independent.

  • Wet Seal selects Demandware for omni-channel commerce

    Foothill Ranch, Calif. -- The Wet Seal, Inc. has selected the Demandware Commerce platform to help support omni-channel operations. The specialty apparel retailer will leverage the solution to provide optimal online and mobile shopping services in a secure environment, integrated with its larger merchandising strategy.

  • Big 5 Sporting Goods Q2 profit up; revenue disappoints

    El Segundo, Calif. -- Big 5 Sporting Goods reported that its second-quarter profit more than doubled from a year ago on higher sales and expanding margins, but its revenue fell short of expectations.

    The sporting goods’ retailer said its net income increased to $6.1 million for the period ended June 30, up from $2.6 million in the year ago period. Net sales climbed 5.9%, to $239.9 million, below the $244 million expected by analysts.

  • Whole Foods Q3 net up 21%; 94 leases in pipeline

    Austin, Texas -- Whole Foods Market reported that its net income in the third quarter increased 21% to $142 million, better than analysts had expected. The company also sounded a bullish note about expansion.

    Walter Robb, co-CEO, Whole Foods, said the company continues to gain market share and still sees the potential for 1,000 stores in the United States alone. It currently operates 355 U.S. locations.

  • Core Mind and Body to Rangeline Crossing

    New YorkKite Realty Group has leased a 4,053-sq.-ft. space to Core Mind and Body at Rangeline Crossing in Carmel, Ind.

    Kite represented the landlord KRG Centre, and the tenant represented itself.

     

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