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Mass Merchant

  • Warm weather gives apparel retailers and department stores a boost in March

    New York -- Many apparel retailers and department stores registered solid gains in March, as an early spring brought out shoppers looking for seasonal merchandise earlier than they typically would. Last month was the warmest March in North America in more than 50 years, according to weather data provider Planalytics.

    Macy’s, Kohl’s Corp., Limited Brands and Gap Inc. were among the retailers who topped analyst estimates.

  • Walmart and Walmart Foundation announce $958.9 million in charitable contributions for 2012

    Bentonville, Ark. -- Walmart and the Walmart Foundation announced $958.9 million in cash and in-kind contributions around the globe during the fiscal year ending January 31, 2012. The company's U.S. giving grew nearly 20%, largely due to increased donations of produce, meats, poultry and other nutritious food to local food banks from Walmart stores, Sam's Club locations and distribution centers.

    Overall, Walmart and the Walmart Foundation's giving in the last fiscal year includes:

  • Walmart empowers women factory workers

    BENTONVILLE, Ark. — Walmart is offering the women who work in the factories that supply its products the chance for a better life with lessons in such critical life skills as communication, hygiene, reproductive health, occuputational health and safety and gender sensitivity. The Women in Factories program, a five-year initiative will benefit 60,000 women working in factories in India, Bangladesh, China and Central America.

  • Unseasonable weather warms up March sales

    March was a good month for retailers overall, as an early spring brought out shoppers looking for seasonal merchandise earlier than they typically would. Last month was the warmest March in North America in more than 50 years, according to weather data provider Planalytics. 

    Target, TJX and Ross Stores all reported stronger-than-expected March sales.

  • More March madness: Comps increase 7.3%

    For the second month in a row Target’s same-store sales were nearly double the expected amount and the company increased its first quarter guidance as a result.

    Same-store sales increased 7.3%, with half of the increase driven by growth in average transaction size combined with an increase in comparable-store transactions. Overall comparable-store sales in March 2011 decreased 5.5%.

  • Target, TJX and Ross raise outlook on better-than-expected March sales

    New York -- Target Corp., The TJX Cos., and Ross Stores reported stronger-than-expected March sales as warm weather put consumers in a spending mood. Both retailers also revised their first-quarter outlooks upward on the results.

    Target said its same-stores sales rose 7.3% in March, helped by warm weather. Analysts had predicted a 5.4% increase.

  • Target March madness: Comps increase 7.3%

    For the second month in a row Target’s same-store sales were nearly double the expected amount and the company increased its first quarter guidance as a result.

    Same-store sales increased 7.3%, with half of the increase driven by growth in average transaction size combined with an increase in comparable-store transactions. Overall comparable-store sales in March 2011 decreased 5.5%.

  • Walmart gives away nearly $1 billion in 2012

    BENTONVILLE, Ark. — As a large, profitable retailer, Walmart is expected to give back. While many could argue it could do more, the company gave away $958.9 million in cash and in-kind contributions around the globe during the fiscal year ending Jan. 31. The company's U.S. giving grew nearly 20%, largely due to increased donations of produce, meats, poultry and other nutritious food to local food banks from Walmart stores, Sam's Club locations and distribution centers.

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