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  • Save-the-date: sustainability milestone meeting set for 9/13

    Thursday, September 13 at 9 a.m. central time is the start date for another one of Walmart’s sustainability milestone meetings. The company uses the gatherings, Webcast from its home office auditorium, to highlight a wide range of environmental initiatives that increasingly contribute to efforts to operate more efficiently.

     

  • Walmart tweaks layaway fees to match rival

    Walmart this week modified a layaway program that had yet to begin after Toys "R" Us said it wouldn’t charge a service fee and lifted minimum purchase requirements for its program.

    The layaway saga began in late August when Walmart said the start date of its layaway program would begin on September 16, a month earlier than the prior year. Curiously, Walmart also said at that time the fee to open a layaway account would increase to $15 from $5 the prior year.

  • Macy's raises $4 million during cause shopping event

    NEW YORK — Macy’s has raised $4 million for March of Dimes and various charitable organizations across the country as a result of its 2012 “Shop For A Cause” event.

  • Men's Wearhouse profit up in Q2; raises full-year guidance

    Houston -- The Men's Wearhouse Inc. reported Wednesday that net income for the quarter ended July 28 rose to $59.4 million, from $57.1 million in the year-ago period.

    Sales edged up 1% to $662.3 million, narrowly missing Wall Street’s expected $662.9 million in revenue. Same-store sales grew 4.4% at namesake stores, but fell 3.3% at K&G stores.

    The company has raised its guidance for full-year 2012.
     

  • Walmart a leader for Latinas, according to magazine

    Walmart was ranked second on this year’s Latina Style 50 Report, the publication announced earlier this week.

    Now in its 15th year, the Latina Style 50 report seeks to identify companies that are providing the best career opportunities for Latinas in the U.S. Cable television operator Comcast was this year’s top ranked company.

  • ShopperTrak: August 2012

    Back-to-school shopping, the second-largest shopping season in the United States, helped make this August a strong month for retailers. Shoppers took advantage of back-to-school promotions to outfit students for the new school year. ShopperTrak, the world’s largest counter and analyzer of retail foot traffic, found that August’s retail foot traffic increased 6.3% compared with the previous month and increased 12.3% compared with the same month last year. 
       

  • Gymboree Corp. narrows loss in Q2; on track to open 115 stores

    San Francisco -- The Gymboree Corp. reported Wednesday a loss of $14.1 million in the second quarter, compared with a loss of $6.9 million for the same period last year.
     
    Sales rose 3.8% to $268.8 million, from $259.0 million last year, and same-store sales dipped 1%.

    During fiscal 2012, the company reiterated its plans to open 115 new stores, including 90 locations for its value-priced Crazy 8 concept.
     

  • More competition coming from Dollar General

    If it seems like Dollar General stores are everywhere it’s because they are. And more keep coming presenting price sensitive shoppers with a viable alternative to Walmart.

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