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  • Lumber Liquidators profit soars 57.2% in Q3

    Toano, Va. -- Flooring retailer Lumber Liquidators reported Thursday that net income in the third quarter rose 57.2% to $6.7 million, compared with $4.3 million in the year-ago period.

    Sales surged 16.8% to $172 million in the quarter, and same-store sales increased 3%.

    The retailer has opened 33 new store locations in 2011, including six opened during the third quarter. It plans to open seven to nine new stores in the fourth quarter.

  • OfficeMax profit edges up in Q3 amid declining sales

    Naperville, Ill. -- OfficeMax reported Thursday that net income for the quarter ended Sept. 24 rose to $21.5 million, compared with $20 million in the year-ago period.

    Sales dipped 2.1% to $1.77 billion from $1.81 billion, barely meeting Wall Street’s expected $1.807 billion. Same-store sales dropped 4.3%.

    “We remain focused on driving operational efficiencies as we position the company for long-term growth," said Ravi Saligram, president and CEO, OfficeMax.

  • RadioShack posts 3Q earnings slump

    FORT WORTH, Texas — RadioShack's transition from offering T-Mobile products and services to offering those of Verizon Wireless took a toll on the company's third quarter profits, though overall sales managed to increase.

  • Amazon Kindles sales, but profits disappoint

    SEATTLE — The popularity of Amazon.com's Kindle e-readers continues to help boost Amazon.com's sales. However, net income for the third quarter was disappointing.

    Amazon.com reported that net sales for the third quarter increased 44% to $10.88 billion in the third quarter, compared with $7.56 billion in third quarter 2010. Net income decreased 73% to $63 million in the third quarter, or 14 cents per diluted share, compared with net income of $231 million, or 51 cents per diluted share, in third quarter 2010.

  • Sears Holdings goes local with ads service

    HOFFMAN ESTATES, Ill. — Sears Holdings announced that it is customizing the shopping experience even more for its customers by providing them with  new digital local ads available on searslocalad.com and kmartlocalad.com.  

  • Macy's creates lifestyle hub with launch of mBLOG

    NEW YORK — Macy’s is positioning itself as a leader in fashion, beauty, home and lifestyle news and trends with launch of mBLOG at macys.com/mblog. According to the company, the website will include tips from Macy's staff as well as experts from such sites as Fashionista.com and FoodRepublic.com. 

  • Deloitte: Consumers still spending on holidays despite economic concern

    NEW YORK — Despite concerns about the economy and rising household expenses, nearly 3-out-of-5 consumers (59%) will put aside economic worries and spend the same or more this holiday season, according to Deloitte’s 26th annual survey of holiday spending intentions and trends. While this is a slight decline from 2010, it represents an eight percentage point increase from 2009.

  • Books-A-Million to open 41 new BAM! stores

    BIRMINGHAM, Ala. — Books-A-Million has announced that it will open 41 new BAM! stores in markets across the U.S. in early November. The company has also closed 21 underperforming locations during its third quarter. 

  • Macy’s launches new online destination for fashion, beauty and home content

    New York City -- Macy’s has launched a new online destination, called mBLOG, for fashion, beauty, home and lifestyle news and trends at macys.com/mblog.

    Each day of the week is dedicated to a specific topic, and embedded e-commerce enables readers to purchase featured merchandise directly from macys.com.

  • Books-A-Million to open 41 locations

    Birmingham, Ala. -- Books-A-Million (BAM), which has been taking over the leases of former Borders locations, will transform 41 of the sites into BAM stores in early November. Most the locations, which are across the nation, represent new markets for the bookseller.

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