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Retail

  • Grocery continues to drive growth at Target

    Get used to that headline. Increased sales of food during the coming year are expected to contribute 1.5% to Target’s same-store sales growth as the company continues it aggressive PFresh remodeling program.

    Same-store sales in February advanced 1.8%, and the strongest performance came in the grocery category, where comps increased in the low teens while health care, beauty and other household essentials experienced gains in the mid-to-upper single-digit range. Also showing strength was the apparel category where comps increased in the low-to-mid single-digit range.

  • Urban Outfitters profit dips in Q4

    Philadelphia -- Urban Outfitters reported Monday that net income for the quarter ended Jan. 31 dipped slightly to $75 million, compared with $77 million in the year-ago period.

    For the full year, profit rose to $273 million from $220 million a year earlier.

    Fourth-quarter net sales rose 14% to $668 million. Same-store sales for the quarter increased 4%. By brand, same-store sales rose 1% at Anthropologie, 28% at Free People and 5% for Urban Outfitters.

  • One trend where Target is late

    For a company so often on the leading edge of offering its shopper affordable fashions in the apparel and home categories, there is one area where Target has been slow to keep pace with the prevailing trend.

  • Cooking.com launches new store for Good Bite

    Marina Del Ray, Calif. -- Cooking.com and recipe video website Good Bite announced that Cooking.com will be building and managing a new online kitchenware store for Good Bite.

  • Cabela's engages cloud computing services from Reflexis

    DEDHAM, Mass. -- Cabela’s Inc. announced that it has implemented Reflexis Task Manager and StoreWalk to increase efficiency and improve the store-level execution of its retail strategy.

    The Reflexis cloud computing solutions enable retailers to streamline corporate-to-store communication, ensure consistent execution of in-store merchandising and promotional plans, and improve compliance with safety and operational policies, according to a press release.

  • Robert P. Ingle, founder of Ingles Markets, dies at age 77

    Asheville, N.C. -- Ingles Markets announced Monday that its founder and CEO Robert P. Ingle died on Sunday at age 77.

    Ingle founded the company in 1965 and served as chairman of the board from 1965 until May 2004 and thereafter has served as a director. He has served as CEO since 1965, and president from 1965 until 1982.

    His son Robert P. Ingle II has been named his successor.
     

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