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  • Walgreen sales up 5.6% in May, completed acquisition

    Deerfield, Ill. -- Walgreen Co. said its same-store sales role 5.6% in May, better than Wall Street expected.

    Walgreen said pharmacy revenue from those stores rose 6.7% as it filled 7.1% more prescriptions. Front-end same-store sales grew 3.6%.

    The company also said it completed its acquisition of Drugstore.com, an online health and beauty retailer. Walgreen agreed to buy the company in March for $429 million.

  • Anthropologie to open on Manhattan’s Upper East Side

    New York City -- Robert K. Futterman & Associates said it has arranged a 14,564-sq.-ft. lease for Anthropologie at 1230 Third Ave. for its first Upper East Side location.

    Set to open this holiday season, the retailer will consist of 5,051 sq. ft. on the ground-floor and 9,513 sq. ft. of lower-level retail space. 

    This will be Anthropologie’s fifth location in Manhattan. 

  • Prada to use IPO proceeds to expand, renovate stores

    Hong Kong -- Italian fashion house Prada, which is preparing for an initial public offering of about $2 billion in Hong Kong, said it plans to use most of the proceeds on expansion and renovation of its stores over the next 18 months.

    The Milan-based company said it plans to add a net total of about 80 directly operated stores by the end of January 2012, most of them in the Asia Pacific region, where it sees "substantial potential for growth," Prada said in the a regulatory filing.

  • Calendar day shifts aid May sales for Walgreens

    DEERFIELD, Ill. — May proved to be a good month for Walgreens, as the drug store chain posted a total sales jump of 7% to nearly $6.1 billion.

    Walgreens reported that its total front-end sales experienced a 5.5% increase, while comparable front-end sales realized a 3.6% increase.

  • Stella McCartney to debut in SoHo with new store

    New York City -- Cushman & Wakefield announced that Stella McCartney, the fashion and accessories retailer and daughter of Paul McCartney, will open a new store at 112 Greene Street between Prince and Spring Streets, in the SoHo area of Manhattan.

    The opening is planned for the fall.

    Stella McCartney will occupy approximately 5,200 total sq. ft. between the ground floor and lower level in a 10-year lease.

  • Luxury leads the way in May

     NEW YORK  — A sluggish economy, cool weather and high prices at the pump tempered retail sales in May, as retailers reported mixed results for the month. Retail Metrics projected an increase of 5.1% for the 25 chains tracked, which would mark the 21st straight monthly gain from September 2009.

    Retailers who turned in strong performances in May included Macy’s, with a 7.4% rise in same-store sales when a 5.6% increase was expected. The company lifted its full-year same-stores sales estimate.

  • Charming Shoppes Q1 profit surges on cost-cutting

    Bensalem, Pa. -- Charming Shoppes said Thursday that its first-quarter net income more than quintupled, but its revenue was flat and the profit rise was driven largely by cost cutting.

    The CEO sounded a cautious tone for the future, saying the company needs to reignite store traffic and cope with rising cotton costs.

    The company, which operates Lane Bryant, Catherines and Fashion Bug stores, said its net income for February through April was $26 million, up from $3.9 million in the same period last year.

  • Charming Shoppes Q1 net sales down slightly

    BENSALEM, Pa. — Charming Shoppes reported that consolidated net sales for the first quarter ended April 30 were $504.4 million, compared with $504.8 million for the three months ended May 1, 2010. Net sales results included a 2% increase in comparable-store sales and an increase in e-commerce sales, offset by the impact of operating 139 (or 7%) fewer stores than in the year-ago period. E-commerce sales increased to $36.6 million in the first quarter, compared with $31.6 million in the year-ago period.

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