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  • Senator calls for Lumber Liquidators investigation

    Toano, Va. – Sen. Bill Nelson (D-Florida) is publicly calling for federal agencies to investigate the formaldehyde levels in wood flooring sold at Lumber Liquidators Holdings Inc. Nelson, highest-ranking Democrat on the Senate Committee on Commerce, Science and Transportation Committee, sent an open letter to the heads of Consumer Product Safety Commission, Centers for Disease Control and Prevention and the Federal Trade Commission.

  • Study: Harsh winter freezes retail sales

    San Jose, Calif. – This winter has not only frozen roads and roofs, but also had a chilling effect on retail sales. According to the monthly Retail Performance Pulse from RetailNext, there was a 10.4% year-over-year decrease in sales on a 12.5% decline in traffic at brick-and-mortar stores for the retail month of February (Feb. 1-28).

  • Tax benefit boosts Q2 profit at Costco

    Issaquah, Wash. – A tax benefit in connection with a special cash dividend helped boost net income at Costco Wholesale Corp. a better-than-expected 29% to $598 million from $463 million in the company’s second quarter of fiscal 2013.

    Sales increased 4% to $26.9 billion and membership sales grew 5.8% to $582 million, with total revenues increasing 15.8% to $27.5 billion during the quarter ending Feb. 15.

  • Ascena Retail Group names lead independent director, adopts new rules

    Mahwah, N.J. - Ascena Retail Group Inc. has named board member Randy L. Pearce to the newly created role of lead independent director. As lead independent director, Pearce will preside at executive sessions of the independent directors, will serve as liaison between the independent directors and the chairman of the board and between the independent directors and senior management, and will call meetings of the independent directors.

  • American Apparel workers create coalition

    Los Angeles - Factory workers of American Apparel established a coalition of workers to advocate for their rights before new corporate management. Hundreds of workers met on Feb. 28 to organize themselves into the "Coalition of American Apparel Factory Workers United to Save American Apparel."

  • Roundy’s net income doubles in Q4; will open five stores

    Milwaukee – Roundy’s Inc. reported net income of $7.5 million in the fourth quarter of fiscal 2014, more than double $3.5 million in the same quarter the prior fiscal year. A shift from net after-tax loss to net after-tax income from 27 Rainbow stores that were closed or sold drove net income growth.

    Roundy’s plans to open five new stores in fiscal 2015, including one in the first quarter.

  • Vestis Retail, operator of Bob’s Stores, EMS and Sport Chalet, names CFO

    Meriden, Conn. -- Vestis Retail Group, which operates Bob’s Stores, Eastern Mountain Sports and Sport Chalet, has Susan J. “Sue” Riley to CFO.

    Riley brings 30 years of financial management to her new role at Vestis, where she worked on a consulting basis as interim CFO in recent months.

  • Sephora in big omnichannel push: beacons, in-store augmented reality and more

    San Francisco -- Sephora on Thursday officially unveiled its San Francisco-located Innovation Lab, which will focus on the development of new strategies and technologies for both in-store and mobile shopping. In conjunction with the debut of the Lab, the beauty retailer announced the rollout of four new digital programs:

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