Retail

Target faces increased competition from dollar stores, as their value proposition still resonates with cash-strapped consumers. Dollar General, for example reported that net income for its third quarter was $171 million, 50 cents per diluted share, compared with net income of $128 million, or diluted EPS of 37 cents, in the third of fiscal 2010. The company reported that same-store sales increased 6.3% for the quarter. 

New York City -- Macy’s said Monday it has brought back its “24-hour” stores for three all-nighters beginning Dec. 21. Starting at 7 a.m., 14 Macy’s stores will stay open for 83 hours straight for non-stop shopping until Christmas Eve on Dec. 24 at 6 p.m.

Another 27 Macy’s stores will stay open until 2 a.m. on those same three nights.

BOCA RATON, Fla. — Office Depot announced that it has rewarded 25 organizations for their leadership in greener purchasing. The awards were presented during Office Depot’s greener purchasing summit and awards ceremony on Nov. 15 in Oakland, Calif. 

Los Angeles -- Survey data from PriceGrabber, an Experian company, said that many consumers will continue to hit the stores through the final days leading up to Christmas.

Results from PriceGrabber's fourth winter holiday shopping survey found that 41% of consumers plan to shop between Dec. 21 and Dec. 24 for holiday gifts.

BENTONVILLE, Ark. — Walmart announced that it has kicked off its "12 Days of Giving" campaign, awarding more than $1.5 million to nonprofits that were nominated by Facebook users. By the end of the campaign, 145 grant recipients in all 50 states, Washington, D.C. and Puerto Rico will be honored.

Alexandria, Va. – The results of Gallup’s annual Honesty and Ethics survey reveal that pharmacists have ranked in the top three for the ninth consecutive year. In this year’s survey, pharmacists ranked second to nurses and ahead of doctors, moving up one place from last year’s survey.  Among respondents, 73% rated the honesty and ethical standards of pharmacists as “very high” or “high.”

Dubuque, Iowa -- Youngstown, Ohio-based Cafaro Co. announced that Dubuque, Iowa, will get its first Ulta store, as the cosmetics retailer is about to break ground on a 10,000-sq.-ft. store at Kennedy Mall.

The new store is slated to open in the second half of 2012.
Kennedy Mall is a 700,000-sq.-ft. mall featuring Younkers, Dick’s Sporting Goods, Sears, J.C. Penney and Best Buy. It is owned and managed in association with Cafaro affiliated companies.
 

New York City -- Lowe's Home Improvement is facing a backlash in the wake of its decision to stop advertising on a reality show about American Muslims. About 40 local and national Muslim and Arab-American leaders from around the nation are expected to participate Monday evening in a conference call to discuss the decision by the home improvement chain to pull its ads from the cable show "All-American Muslim,” The Detroit News reported.