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Retail

  • Holiday sales lift Kohl's fortunes in 2014

    Kohl’s Corp. has increased its outlook for the recently completed business year, citing strong sales growth during the holiday season.

    The company reported fourth-quarter same store sales growth of 3.7%. The company also updated its fiscal 2014 earnings per share guidance to a range of $4.20 to $4.22 per share. On average, 27 analysts polled by Thomson Reuters expect the company to report earnings of $4.06 per share for fiscal 2014.

  • Cache files for Chapter 11 protection

    New York -- Cache on Wednesday said it had filed for Chapter 11 bankruptcy protection after running out of capital and time to complete its turnaround. The women’s apparel retailer will continue to operate its business, but intends to continue to reduce its store count and sell and renegotiate some of its leases.

    Cache chairman and CEO Jay Margolis said the company filed Chapter 11 with the goal of “securing Cache’s future.”

  • Colgate, Family Dollar partner on Black History Month

    Colgate is teaming up with Family Dollar to inspire African-American families during February's Black History Month to honor their past and treasure their future with a healthy smile.

    Many Americans, including more than one-third of African-American adults, live with untreated tooth decay. Without proper treatment, tooth decay can progress and eventually result in a cavity or even tooth loss.

  • Amazon opens its first-ever staffed pickup and drop-off center, at Purdue University

    Seattle -- Amazon confirmed reports that it is piloting co-branded pickup sites with universities with the announcement that it has opened its first-ever staffed pickup and drop-off on-campus location, at Purdue University in West Lafayette, Indiana, and plans to open similar sites at the University of California, Davis and the University of Massachusetts Amherst.

  • Roundy’s taps Ecova for energy, sustainability solutions

    Spokane, Wash. -- Ecova, a total energy and sustainability management company, has been selected by Milwaukee-based Roundy’s Supermarkets to provide utility expense and data management solutions, as well as carbon management solutions and Energy Star benchmarking.

  • Pharmacy a boost for Fred's

    A bigger focus on the pharmacy department was a key driver of success for Fred’s in January.

    The retailer reported that total sales for the month increased 3% to $138.8 million from $134.7 million in January 2014. Same store sales for the month increased 4.3% versus a decrease of 1.8% for the same period last year.

  • Wegmans edges out Amazon to top Harris corporate reputation poll

    New York — With just 85 stores, Rochester, New York-based Wegmans Food Market edged past online giant Amazon to take the top spot for corporate reputation among the 100 most visible companies, according to the 16th annual Harris Poll Reputation Quotient study.

    Harris Poll expanded the list to 100 companies this year, up from 60, to offer deeper insight by industry. As a result, three of this year’s top 10 companies are debuting on the list, including No. 1 Wegmans, No. 7 L.L. Bean and No. 8 Publix Supermarkets.

  • Cornell to clarify Target’s long-term strategy

    Target chairman and CEO Brian Cornell has made some bold moves since arriving at Target last fall, but the most significant revelations concerning long term prospects will come in early March when the company hosts its first investor conference of the Cornell era.

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