Discount Store

Dallas –- Tuesday Morning Corp. cut its net loss almost in half to $6.23 million in the first quarter of fiscal 2015 from $12 million in the same period the prior fiscal year. Net sales increased 10% to $202.2 million, compared to $183.7 million.    Same-store sales increased 11%. The retailer credited the turnaround phase of its ongoing transformation program for creating the generally encouraging results.  

Dollar General has extended the deadline for Family Dollar shareholders to approve a buyout deal while it continues to recommend a “no” vote on a competing proposal from Dollar Tree.

By Craig Johnson, Customer Growth Partners   With a third straight year of dismal retail spending, American consumers will generate only a lackluster 3.4% year-over-year increase in holiday sales, well below the 5% pace in 2010 and 2011, according to Customer Growth Partners’ 14th Annual Holiday Forecast.   

Off price retailer Tuesday Morning enjoyed an 11.3% surge in its first quarter same store sales as it benefitted from the introduction of new and expanded merchandise categories.

San Mateo, Calif. –- Last year, Black Friday was the top date for “card present” (CP) fraud, where a payment card is presented in a store for unauthorized usage. Data science company Feedzai analyzed data representing $750 billion in payment volume and more than 17.5 billion transactions in both card present (CP) and card not present (unauthorized online card purchases, or CNP) environments.  

Lakeland, Fla. -- Retail Solutions Advisors (RSA) has been selected as the exclusive leasing representative for South Pasadena Shopping Center, a community shopping center situated in South Pinellas County, Fla. The 165,928-sq.-ft. center is anchored by Wal-Mart Neighborhood Market, Bealls Outlet, Pet Supermarket, CVS and Dollar Tree, and serves as the primary grocery-anchored retail center for the surrounding residential community in the captive South Pasadena area.   

Clifton, N.J. -- Blink Fitness is set to open its newest New Jersey location at Clifton Plaza in Clifton. The fitness chain will occupy 15,000-sq.-ft. of newly constructed retail space at the 80,000-sq.-ft. shopping center, which is managed and leased by Levin Management. Levin Management negotiated the long-term lease.   

Salisbury, N.C. -- Meg Ham has been named president of Food Lion effective Nov. 1. She succeeds Beth Newlands Campbell, who is leaving the company for personal and professional reasons.     Ham will lead all Food Lion banner operations, including strategic direction, financial performance, product assortment, pricing, customer service and marketing. She will continue to report to Delhaize America CEO Kevin Holt.