Retail

PITTSBURGH — Dick's Sporting Goods reported a 57% increase in second-quarter net income, which was chiefly related to a big charge last year.

For the period ended Aug. 3, the retailer earned $84.2 million, up from $53.7 million in the prior-year period when it recorded a $32.4 million impairment charge tied to an investment in JJB Sports. Revenue rose 6% to $1.53 billion, short of analyst projections of $1.57 billion. Same-store sales edged down 0.4%.

Chairman and CEO Edward Stack said bad weather reduced traffic and hurt sales.

Barnes & Noble’s founder, chairman and largest shareholder, Leonard Riggio, is calling off his offer to buy the company’s retail business, following a worse-than-expected net loss of $87 million for the first quarter, compared to a loss of $39.8 million in the year-ago period. 

Park City Group, a leading consumer goods supply chain technology designed to increase sales and reduce out-of-stocks, has added private-label marketing veteran William Wolfe to its leadership team.  

Wolfe, who has more than 30 years of experience, will serve as a senior adviser, responsible for developing business solutions, consulting and expanding sales efforts in the retail channel.

QUINCY, Mass. — Stop & Shop hosted a Healthy Kids Summit at McCoy Stadium in Pawtucket, R.I. with help PawSox infielder Tony Thomas; the Boys & Girls Club of Pawtucket; Dr. Marjorie Nasin, director of Clinical Pediatrics & Pediatric Education at Memorial Hospital of R.I.; and the Rhode Island Community Food Bank. 

Staten Island, N.Y. -- The Shoe Gallery has stepped up inventory control with the help of Celerant Technology Corp. The chain has been using Celerant’s real-time, retail management system, Command Retail, to manage all areas of its retail operation for the past seven years. 

It is also using the supplier’s Style Matrix tool, a three-dimensional graphical representation of all the SKUs by size, width, and color, to improve operational efficiency.

FRAMINGHAM, Mass. — Staples is generating traffic to its brick-and-mortar stores with its ink and toner cartridge recycling program. Since 2005, it has recycled 350 million ink and toner cartridges, averaging more than 60 million cartridges per year for the past three years. 

New York -- Saks Inc. on Monday reported a worse than expected second-quarter loss amid disappointing sales of shoes and handbags. 

Saks, which last month reached a deal to be acquired by Canada's Hudson's Bay Co., had a net loss of $19.6 million for the quarter ended Aug. 3, compared with a net loss of $12.3 million a year earlier.

Overall sales rose 0.5% to $707.8 million for the quarter. Same-store sales rose 1.5%, below the 4.5% increase analysts had expected.

The Coca-Cola Bottlers’ Association is turning 100. To mark the centennial, Bart Gobeil, chief operating officer in Georgia, will present a commendation to the association on behalf of Georgia Governor Nathan Deal, recognizing the impact that CCBA has made in supporting the local communities in which its members operate.