Mass Merchant

Bentonville, Ark. -- Wal-Mart Stores lowered its full year profit forecast early Thursday after reporting weaker that expected second quarter U.S. same-store sales at its U.S. division and suggested global economic conditions remain challenging.

Dallas -- Tuesday Morning Corp. is ceasing e-commerce operations to focus on providing in-store assortments. A statement on the retailer’s website says that due to the nature of its closeout business, it will no longer sell items online but instead focus on the quality and price of assortments in its stores.

Albany, N.Y. -- Veteran retail executive Martin Hanaka has been appointed to the board of directors of Trans World Entertainment. Hanaka recently was the interim CEO of Guitar Center, Inc. from January 2013 to April 2013.

Wayne, N.J. – Toys “R” Us on Wednesday unveiled its global growth for 2013, with the planned opening of more than 100 stores, including new locations, the relocation and conversion of 14 stores to its side-by-side format, and 22 new licensed stores. The openings represent the net addition of over 900,000 sq. ft. of retail space to the company’s store portfolio.

FAIRFIELD, Calif. — Halloween may still be a couple of months away, but Jelly Belly Candy Company has unveiled the third edition of its BeanBoozled collection of jelly beans.

The third edition features new flavors such as Stinky Socks and its twin Tutti-Fruitti and Lawn Clippings with its double Lime. BeanBoozled jelly beans come in 20 flavors — 10 “weird and wild flavors” which look exactly like 10 “tasty flavors,” according to the company. 

By Karen Lowe, [email protected]

Top executives from Walmart, seven governors and more than 500 supplier companies are scheduled to gather in Orlando next Thursday for a first-of-its-kind domestic manufacturing summit.

Target stores in the French-speaking Canadian province of Quebec will feature pharmacies under the Brunet banner based on an agreement reached with the McMahon Distributeur pharmaceutique division of Canadian food and drug retailer Metro, Inc.

The agreement comes as Target is preparing to open the first of 25 stores this fall in Quebec. Target entered Canada earlier this year and plans to open a total of 124 stores in its first year of operation.