Retail

BENTONVILLE, Ark. — A fourth consecutive quarter of same-store sales growth at Walmart’s U.S. business helped the company achieve a slightly better than expected profit performance.

NEW YORK — Equinox, an operator of full-service fitness clubs, announced that Sarah Robb O'Hagan, who currently serves as president of Gatorade and global sports nutrition at PepsiCo, will join the company as its first president. Robb O'Hagan will lead an aggressive domestic expansion strategy to maximize the continued success of the growing company, including its family of brands: Equinox, Pure Yoga, Blink, and SoulCycle. She will report to Equinox CEO Harvey Spevak.

Ol’ Roy has new company on the shelves in Walmart’s pet department, as the retailer looks to capitalize on growth in high quality segments of the dog food category.

Hoffman Estates, Ill.-based Sears Holdings reported a second-quarter net loss of $132 million, compared with a loss of $146 million in the year-ago period.

Revenues totaled $9.5 billion for the quarter ended July 28, down 6% from $10.1 million in the second quarter of 2011. The company cited lower domestic comparable-store sales for the quarter and the effect of having fewer Kmart and Sears Full-line stores in operation. Sears Canada's comparable-store sales also decreased and included a decline of $55 million due to changes in foreign currency exchange rates.

COLUMBUS, Ohio — Limited Brands reported that adjusted earnings per share for the second quarter were 50 cents compared with 48 cents for the same period last year. Adjusted net income was $147.2 million compared with $150.7 million last year. 

Comparable-store sales for the second quarter increased 8%, and net sales were $2.4 billion compared with $2.46 billion last year. 

BENTON HARBOR, Mich. — KitchenAid has introduced new freestanding French door refrigerators that utilize a system of cutting-edge advancements to help extend the storage life of both fresh and frozen ingredients. These latest models join a collection of freestanding side-by-side models available with its Preserva Food Care System, designed to control the humidity, ethylene gas and odors that can rob foods of their freshness.

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.