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  • Family Dollar Q3 profit falls 33%

    Matthews, N.C. -- Family Dollar Stores’ third quarter income plunged 33% amid higher costs and increased competition. Same-store sales fell 1.8%, which marked the third straight quarterly decline.

    Family Dollar is under pressure from activist investor Carl Icahn to put itself up for sale. The company has adopted a shareholder rights plan, or "poison pill."

  • World Cup boosts soccer-related U.S. e-commerce

    San Jose, Calif. - For the month of June, soccer-related searches across the U.S. sites of eight international sporting goods and apparel retailers increased by 280%, compared to May. According to analysis from SLI Systems, there were more than 2.2 million U.S. soccer-related product searches from these eight e-commerce sites alone, with a corresponding boost in online shopping behavior during June for products including soccer cleats, balls, shin guards, gloves and other equipment.

  • Einstein Bagels signs lease in Miami shopping center

    Lakewood, Colo. - Einstein Bagels has signed a lease for a 2,466-sq.-ft. store at Kendallgate Shopping Center in Miami. The retailer will take space within a freestanding retail building alongside AT&T in the Center’s plaza.

    Einstein Bagels has already begun construction at its new location and expects to open in late August 2014. Berkowitz Realty Group served as the leasing representative on behalf of the ownership group, Kendallgate Center Associates, Ltd.

     

  • Lumber Liquidators cuts store openings, fiscal outlook on poor Q2 sales

    Toano, Va. – Lumber Liquidators reported a 7.1% decline in same-store sales and reduced its outlook for new store openings and earnings in a business update for the second quarter of fiscal 2014. Net sales for the quarter grew 2.3% to $263.1 million, from $257.1 million in the second quarter of 2013, well below Wall Street estimates of $303 million.

  • Panjiva: U.S. imports steady in May

    New York - Imports to the U.S. were steady in May 2014 from the previous month, though there was a measurable year-over-year increase. Data from supply chain research firm Panjiva shows that May 2014 showed levels of imports 4% above imports in May 2013.

  • Online discounter 6pm.com runs social contest

    Las Vegas – Online discount apparel and footwear retailer 6pm.com is launching its first-ever live streaming fashion show and inviting the public to share summer outfits, inspired by the brand's top six summer trends: seaside sorbet, nautical by nature, athletic luxe, neutral notes, feminine flair and metallic madness. The top 10 submitted looks will be featured in the Style by 6pm.com Summer Fashion Show, with winners receiving a $250 6pm.com e-gift card.

  • Designer Shoe Warehouse in Canada debut with two stores

    Toronto -- Town Shoes Limited announced the opening of its first two DSW Designer Shoe Warehouse locations in Canada. DSW Designer Shoe Warehouse will open at Heartland Centre in Mississauga and Woodland Hills in Newmarket, Ontario, on Aug. 7.

    The two new Canadian retail locations, each approximately 20,000 sq. ft. will make them the largest shoe stores in the country.

  • Report: Wal-Mart seeks to keep bribe probe files from investors

    Bentonville, Ark. – Wal-Mart Stores Inc. is reportedly seeking to keep files regarding an internal probe of possible bribes paid to Mexican officials to aid real estate deals out of the hands of investors. According to Bloomberg, Wal-Mart is arguing in a case before the Delaware Supreme Court that the files in question are protected by attorney-client privilege.

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