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Wet Seal shrinks net loss in Q4
Foothill Ranch, Calif. – The Wet Seal Inc. shrank its net loss to $27.5 million during the fourth quarter of fiscal 2013 from $85.8 million in the same quarter a year earlier. Net sales slipped 23% to $124.8 million from $161.6 million and same-store sales dropped 16%.
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Report: Walmart offers online price comparison tool
New York -- Walmart has introduced an online feature, called “Savings Catcher,” that allows shoppers to compare prices on the chain’s food and household products against those of its competitors, according to the Associated Press. General merchandise categories and electronics are not included, and neither are purchases of store brands or those made online.
Walmart began offering the new service in late February, the report said, in seven markets, including Dallas, San Diego and Atlanta.