Retail

Same-stores sales increased 4.2%, total sales increased 4.6% to $12.5 billion and operating profits advanced 10.1% to $536 million.

Impressive is how Sam’s Club president and CEO Rosalind Brewer characterized the warehouse club operator’s performance during the second quarter.

Casual Male accelerated the rollout of its DestinationXL format.

Things are looking up for Sears Holdings. The company only lost $132 million during its second quarter.

SEATTLE — Fashion retailer Nordstrom has launched a new iPad app to help customers browse and shop for their next looks.

Features of the app include:

• The Dressing Room: This feature offers customers an interactive way to create and save multiple looks by double-tapping or dragging items to the Dressing Room canvas.

 

Walmart is among a group of pharmacy retailers working on an educational initiative with the U.S. department of Health and Human Services.

As part of a partnership with HHS, Walmart and Sam’s Club are providing information online to help educate Medicare recipients about the range of tax-payer funded “free” services available to them under the Affordable Care Act.

WAYNE, N.J. — Toys“R”U opened its first stores in Beijing this weekend, marking its continued expansion across China. 

Sales for the second quarter ended July 28 increased 10.5% to $1.7 billion thanks to a 4.5% increases in same store sales and the addition of 77 new Dollar Tree stores, the company announced Thursday. Net income increased 25.6% to $119.2 million and earnings per share increased 30.8% to 51 cents. The profit performance met analysts’ estimates, but guidance for the third quarter in the range of 47 cents to 51 cents was a penny less than the 52 cents Wall Street expected and shares of the company sold off sharply after the earnings report.

Black & Decker has introduced the GYRO 4V MAX Lithium-ion Rechargeable Screwdriver (BDCS40G), a motion-activated screwdriver that controls variable speed and direction. The variable speed feature and direction change that occurs with a twist of the wrist provide improved control.

With the screwdriver’s gyroscopic technology, users only need to rotate their wrist one-quarter turn to the right for forward or left for reverse.