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Bloomingdale’s CEO Michael Gould retiring; to be replaced by Tony Spring
New York -- Bloomingdale’s longtime chief executive and chairman, Michael Gould, 70, is stepping down after 22 years on the job. He will be succeeded by Tony Spring, 48, currently Bloomingdale’s president and COO, effective Feb. 1, 2014. A successor to Spring as president of Bloomingdale’s is expected to be named in 2014.
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Tuesday Morning comp-store sales rise in Q1
Closeout retailer Tuesday Morning reported a comparable-store increase of 9.1% for the first quarter ended Sept. 30, compared to the year-ago quarter. The comparable-store sales growth was fueled by a 13.4% increase in customer transactions and a 4.3% decrease in average ticket.
The company reported a net sales increase of 6.3% to $183.7 million, compared to $172.8 million in the year-ago quarter.