Retail

Bentonville, Ark. -- Wal-Mart Stores Inc. said Thursday it has launched an expansion of its solar initiative in Arizona at its Buckeye distribution center near Phoenix.

According to the retailer, the distribution center will feature Walmart's largest solar installation to date with over 14,000 solar panels on a 1 million-sq.-ft. building and parking canopies that will produce up to 30% of the DC’s energy needs.

The solar panels will generate up to 5.3 million kilowatt hours of renewable energy per year.

FORT WORTH, Texas — Pier 1 Imports continues on a positive trajectory, reporting its 12th consecutive quarter of earnings and same-store sales growth.

For the second quarter, the company reported net income of $26.2 million, or 24 cents per share, compared with net income of $16.6 million, or 14 cents per share, for the same period last year.

Columbus, Ohio -- DSW Inc. said Thursday that it has been awarded $7.2 million as a result of litigation with its insurance carrier stemming from its credit card data breach in 2005.

The $7.2 million award represents damages plus accrued interest.

In other news, DSW has declared a special dividend totaling $91 million to be paid on Oct. 26 to shareholders. According to president and CEO Mike MacDonald, the special distribution, which is in addition to the regular dividend, represents “significant cash flow generation.”

New York -- Hobby Lobby Stores Inc. filed a federal lawsuit on Wednesday challenging the mandate in the health care overhaul law that requires employers to provide coverage for the morning-after pill and similar drugs. Hobby Lobby calls itself a "biblically founded business" and its stores are closed on Sundays.

GRAPEVINE, Texas — The struggling video game category should see a much-needed boost with the arrival of Nintendo's Wii U.

GameStop is wasting no time getting in on the buzz by announcing that it has begun taking pre-orders for the platform along with many popular Wii U games, including "Call of Duty: Black Ops II," "ZombiU," "New Super Mario Bros. U" and "Batman: Arkham City: Armored Edition."

Richardson, Texas -- Fossil Inc. said Thursday that CFO Michael Kovar will retire effective March 2013 after 13 years with the company.  

Fossil said it has launched a search for Kovar’s successor.

TORONTO — Target is bringing its REDcard Rewards program to Canada. The company announced that its Canadian customers will receive an additional 5% off every day when shopping at Target with its REDcard products, which include the Target Debit Card and Target RBC MasterCard. Similar to the REDcard Rewards loyalty program in the U.S., the additional savings - which apply to almost everything at Target - will be applied instantly at time of purchase.

The OfficeMax Green Tie Ball will be held this weekend to raise funds for the beautification of Chicago.

The retailer on Thursday morning disclosed it was the title sponsor of the 21st annual event being held Saturday, September 15. The event is hosted by nonprofit organization Chicago Gateway Green, which is dedicated to greening and beautifying Chicagoland's expressways, gateways and communities. OfficeMax has a strong business presence in the Chicagoland area between its headquarters in Naperville and 45 stores and two distribution facilities.