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  • Sears narrows loss in fourth quarter

    As far as sales go, Sears Holdings didn’t have a very happy holiday. But the company was still able to narrow its loss for the fourth quarter, as it lowered expenses and reduced inventory.

    The company said the costs of transforming into a member-centric retailer using an integrated online platform and the omnichannel Shop Your Way membership program fueled its net losses. It attributed declining revenues to lower same-store sales and having fewer stores in operation.

  • Mixed bag for Dollar Tree in fourth quarter

    Dollar Tree’s fourth quarter results were affected by the extra week in last year’s fourth quarter as well as continued economic challenges.

    On a year-over-year basis, net income during the fourth quarter declined about 7% to $213 million from $228.6 million, and during the full year fell about 4% to $596.7 million from $619.3 million.

  • The TJX Companies touts successful fiscal 2014

    The TJX Companies CEO Carol Meyrowitz touted the company’s performance in the fourth quarter and fiscal 2014, calling it a successful year despite a competitive retail environment and generally unfavorable weather in many of its regions during the first and fourth quarters.

  • Seven new retailers for Alliance Town Center

    Fort Worth, Texas — Trademark Property Co. has announced multi-year leases for seven new tenants soon to open in Alliance Town Center in North Fort Worth, Texas.

  • Bed, Bath & Beyond makes executive appointments

    New York -- Bed Bath & Beyond has appointed Eugene A. Castagna, previously CFO and treasurer, to the role of COO. Susan E. Lattmann, formerly VP of finance, will fill the CFO and treasurer spot.
     
    Castagna has been with the company since  1994 and has served as CFO and Treasurer since 2006. Previously, he served as assistant treasurer from 2002 to 2006 and as VP of finance from 2000 to 2006.

  • Tuesday Morning names real estate, IT execs

    Dallas -- Tuesday Morning Corporation has appointed Douglas B. Sullivan as senior VP for real estate and Michael J. Jones as senior VP and CIO. Most recently, Sullivan served as executive VP for development at Michaels Stores, where he led the company's real estate strategy development and rollout.  

    Jones's recent experience includes serving as executive VP and CIO for Florida-based Systemax (TigerDirect), where he was responsible for strategic business systems development, website, technology and support.

  • Whole Foods opens two stores in Chicago area

    Chicago — Two new Whole Foods Market grocery stores will be coming to Shops on Main and Hinsdale Lake Commons, according to Regency Centers, the owner of both centers.

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