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  • Despite loss, Liz Claiborne delivers sales growth

    NEW YORK — Liz Claiborne, the parent company behind such premium brands as Juicy Couture, Kate Spade and Lucky Brand, department store-based brands including Kensie and the licensed DKNY Jeans and DKNY Active brands and its own retail brands, reported second quarter net sales of $556 million, an increase of 3.5% from the second quarter last year. 

  • Gap opening first Gap flagship in Rome

    Rome -- Gap said Friday that it will debut its first Gap flagship store in Rome on Via del Corso, the city’s premier shopping district, on July 30.

    The opening in Rome is part of Gap’s ongoing international growth strategy; it opened its first Gap and Banana Republic stores in Milan in November 2010.

    Four additional Gap and Banana Republic stores are slated to open in Italy this year. The company also recently introduced its outlet concept to the country and said it expects to open additional stores in Italian outlet centers.

  • Rite Aid's comps grow in July

    CAMP HILL, Pa. — Rite Aid’s same-store sales increased by 1.9% in July, the retail pharmacy chain said Thursday.

    During the four-week period ended July 23, comp sales jumped 3.1% on the front end and 1.4% in the pharmacy, including a 151 basis point reduction resulting from introduction of new generic drugs. Prescription counts decreased by 0.4%. Total sales during the four-week period were about $1.92 billion, a 1.6% increase over July 2010.

  • Cabela's reports rise in sales and profits for Q2, to ramp up store openings

    Sidney, Neb. -- Cabela's reported Thursday that net income for second quarter rose to $22.3 million, from $19.4 million in the year-ago quarter.

    Total revenue increased 7.7% to $562.1 million, and same-store sales increased 4.4%.

  • Walmart on Amazon alert as sales explode at online rival

    Amazon.com generates about three times the number of unique visitors each month that Walmart.com does, according to online measurement firm comScore, and all that traffic is allowing Amazon.com to generate record sales.

  • Walmart names Asia financial chief

    BENTONVILLE, Ark. -- A Wednesday report by Bloomberg said that Wal-Mart Stores has named Morten Knudsen as CFO for Asia, as the retailer recasts its leadership roles in the region amidst top-heavy turnover.

    Knudsen, who was previously VP for corporate finance in Asia for Danone, takes the financial chief spot for Wal-Mart Asia effective Sept. 1.

    Since May, Walmart has lost Japanese chief Toru Noda and three of its top executives in China, including the CFO and COO Roland Lawrence and Rob Cissell, respectively.

  • Whole Foods Q3 profit jumps 35%, on track to open near dozen stores

    Austin -- Whole Foods Market reported Wednesday a profit jump of 35% to $88.5 million, compared with $65.7 million in the year-earlier period.

    Revenue rose 11% to $2.4 billion, meeting Wall Street expectations, and same-store sales rose 8.4%.

  • BTS shoppers don’t know what they don’t know

    Retailers who release monthly sales next Thursday will offer fresh insight and hard numbers on back-to-school shoppers’ early season spending behavior and that’s a good thing because so far opinions offered by forecasters are all over the place.

    Back in early July, Customer Growth Partners said seasonal sales would grow by 6.2% to $467 billion, the most since 2006, despite economic headwinds.

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