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  • Hooters to debut in Ventura County

    Thousand Oaks, Calif. -- NewMark Merrill Cos. announced the May 13 opening of the first Hooters Restaurant in Ventura County at Janss Marketplace in Thousand Oaks, Calif.

    The new 5,700-sq.-ft. restaurant is located near Burlington Coat Factory and features seating for 230 guests. 

    Hooters is the newest tenant to join Regency Theaters, Toys “R” Us, Old Navy, Marshall’s, Buca di Beppo, Panera Bread, Burlington Coat Factory and other national, regional and community tenants at Janss Marketplace. 

  • Aldi to open 30 stores in Houston market

    Houston -- Discount supermarket operator Aldi announced it is preparing to enter the Houston market with 30 new stores over the next three years. The expansion will begin in spring of 2013, with the opening of more than 10 new locations.

    With this expanded Texas footprint, Aldi is expected to bring 400 jobs and an investment of over $100 million of capital expenditures to the local community. The first Aldi stores in Houston will open in the spring of 2013, with more than 10 new locations.

  • Dillard's sees strong profit growth in Q1

    Little Rock, Ark. -- Dillard’s said Friday that net income for the quarter ended April 28 rose to $95 million, from $76.7 million in the year-ago period, setting a company record for profit increases.

    Sales rose to $1.55 billion, from $1.47 billion. Same-store sales climbed 5%, the department store retailer’s seventh consecutive quarter of comp increases.

    Dillard’s said it saw its greatest strength in the first quarter from the central region of the United States, followed by the eastern and the western regions.

  • Wal-Mart Stores falls on Fortune list

    Wal-Mart Stores fell to the number two spot on the Fortune 500 list after holding the number one spot for two years. It was ousted by Exxon Mobil, which benefitted from rising oil prices.To see the full list, click here.

  • Gordmans Q1 net income rises 10%, to open five stores in 2012

    Omaha, Neb. -- Midwestern discount department store retailer Gordman’s Stores said Friday that profit for the quarter ended April 28 rose 10.6% to $8.1 million, compared with $7.3 million in the year-ago period.

    Sales rose 13.8% to $133.9 million, from $117.7 million. Same-store sales climbed 4.7%.

    “We are pleased with our overall performance and remain confident in our ability to realize our sales and profit guidance for fiscal 2012," said Jeff Gordman, president and CEO.

  • Market Track: April 2012

    There was an increase in the number of circulars retailers released in the month of April, while page counts increased only slightly.

  • Family Dollar teams with NetSpend on new prepaid card agreement

    Austin, Texas -- NetSpend Holdings said Thursday it has entered into a distribution agreement with Family Dollar to sell the NetSpend Visa prepaid debit card at the discounter’s store locations nationwide.

    Family Dollar and NetSpend plan to make the prepaid cards available in more than 7,200 locations beginning this month, NetSpend officials said.
     

  • Dollar General announces $6.4 million donation to support literacy

    Goodlettsville,Tenn. — Dollar General has awarded grants to more than 593 nonprofit organizations, libraries and schools through the chain's literacy foundation.

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