Retail

Columbus, Ohio -- Express Inc. soared in the second quarter as its profit tripled amid increased sales and profit margins and reduced promotional activity.

The retailer on Wednesday reported better-than-expected sales and profit for the second quarter. It also raised its full year outlook.

Express’ net income totaled $21 million, compared to $6.9 million, boosted by gross profit resulting from cost of sales growth that was significantly behind the rate of net sales growth.

Walmart plans to stop selling certain types of assault and sporting rifles, the company said on Wednesday.

“There wasn’t a whole lot of demand for those products so we replaced them with products we have seen customers coming into purchase it," Walmart spokesman Kory Lundberg told Fortune. 

The move comes as the largest seller of guns and ammunition in the U.S. has been a large part of the national gun debate following recent shootings.

New York – Macy’s is getting more personal with its customers.

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Plano, Texas – The J.C. Penney Co. Inc. is in the green – green energy savings, that is.

The retailer on Wednesday announced the long-term results of various company initiatives that incorporate sustainability practices in its day-to-day business operations. It also said it would unveil a new energy initiative later this year.

As it awaits regulatory approval of its acquisition of Office Depot, Staples Inc. is focused on making its stores appealing to students with tech items on their back-to-school lists.

The retailer is offering exclusive student savings with a valid college student I.D. or verifiable .edu email address for online orders.

Seattle – Tully’s Coffee is reveling in a new mobile POS capability.

More precisely, Tully’s has selected Revel's iPad POS systems to be deployed across 46 corporate stores located in the western U.S.

The lightweight Revel hardware decreases the amount of counter space used, connects to the cloud and seamlessly integrates with Tully's current Synergy loyalty platform. Tully’s can also track inventory, manage payroll and provide analytics in real time.

New York -- Walmart plans to stop selling AR-15 assault rifles and other modern sporting rifles, a move the company says is motivated not by politics but by falling consumer demand.