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Tuesday Morning Q4 revenue falls 3%, lowers outlook
Dallas -- Tuesday Morning Corp. reported Wednesday that revenue for the quarter ended June 30 declined 3% to $194.8 million, compared with $200.8 million in the year-ago period.
Same-store sales dropped 4.5% in the quarter.
The closeout retailer cut its guidance for the year.
For the full year, revenue dipped almost 1% to $821.3 million. Same-store sales fell 1.2%.
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Walgreen OK’s $2 billion stock buyback
Deerfield, Ill. -- Walgreen Co. said Wednesday its board has authorized a new $2 billion stock buyback program.
The drugstore retailer completed a previously announced $1 billion stock buyback program and now has approved a new $2 billion share repurchase program that expires Dec. 31, 2015.