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  • Judge won’t dismiss Macy’s claim against Martha Stewart

    New York -- New York State Supreme Court Justice Jeffrey Oing on Thursday refused to dismiss Macy's Inc's claim that Martha Stewart Living Omnimedia violated its contract when it designed certain merchandise for J.C. Penney Co., regardless of whether the items carry the Martha Stewart brand.

  • Report: Three more execs leave J.C. Penney, including COO

    New York -- Three executives who had previously worked with Ron Johnson at Apple and then joined him at J.C. Penney have left the embattled department store chain in the wake of Johnson’s ouster, the New York Post reported.

    According to the report, Mike Kramer, COO, Daniel Walker, chief talent officer, and Mike Fishe, chief creative officer, left Penney on Wednesday. The newspaper said Kramer resigned, but that it was not clear whether Walker and Fisher left voluntarily.

  • Rite Aid reports first annual profit since 2007

    Camp Hill, Pa. — Rite Aid  reported a $123.1 million profit for the fourth quarter and a $118.1 million profit for the fiscal year, compared with respective losses of $161.3 million and $368.6 million during the same period last year. It was the drugstore chain's second-straight quarterly profit and first annual gain in six years, amid  increases in prescription count  and front-end end sales.

  • Brooks Brothers taps eCommera to interpret its operational data

    London -- Brooks Brothers will adopt eCommera’s decision intelligence tool, DynamicAction. Designed to turn big retail data into prioritized actions, the solution integrates siloed data into a commerce-specific cloud solution which will allow the retailer to identify optimization opportunities to improve its overall online commerce performance.
     

  • Cold weather and early Easter hamper March sales

    New York -- L.Brands, parent of Victoria's Secret, reported better-than-expected 3% sales in same-store sales for March. Zumiez Inc. and Buckle Inc. also both reported better-than-expected numbers.

    But other retailers were hampered by a colder-than-normal March, which caused many shoppers to put off buying warmer-weather clothing, and an early Easter. At The TJX Companies, same-store sales fell 2% in March, a bigger drop than was expected.

  • Pier 1 Q4 profit down 46% without last year’s tax benefit

    Fort Worth, Texas -- Pier 1's fourth-quarter earnings fell 46% compared with last year, when the chain recorded a large, one-time tax benefit.

    The company earned $61.7 million in the three months that ended March 2, compared with $115.2 million in last year's quarter. Revenue rose 16% to $551.6 million. Same-store sales climbed 7.9%.

    For the full year, Pier 1 earned $129.4 million on $1.7 billion in revenue.

    For its current fiscal year, the chain expects to open 30 stores.

  • Costco March same-store sales up 4%, misses Street

    Issaquah, Wash. -- Costco Wholesale Corp reported a 4% rise in same-store sales, missing analysts' expectations for a 5.2% increase. The company said its results were negatively impacted by lower fuel prices and a strong dollar, which hurt the value of its sales overseas.

    Net sales at Costco rose 7%to $9.67 billion for the five-week period ended April 7.

     

  • Men who sawed arms in Home Depot in critical condition

    New York -- A man who deliberately cut his arms using saws in the aisles of a Home Depot store in suburban Los Angeles on Wednesday is in critical condition, according to media reports.

    The man, whose man has not been released, was in the store's tool section when he grabbed several handsaws and began cutting into his upper arms. Panicked customers called 911.

    The man was in surgery hours after the incident.

     

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