Retail

Woonsocket, R.I. -- CVS Caremark Corp. announced Tuesday that it has promoted chief marketing officer Helena Foulkes to an expanded role as chief healthcare strategy and marketing officer.

As chief marketing officer, Foulkes led the launch of CVS’s ExtraCare discount card and its Maintenance Choice program that allows Caremark beneficiaries to pick up 90-day prescriptions at CVS pharmacies or get them delivered through the mail.

Kohl’s will open its third distribution center devoted to e-commerce by July as it looks to build on the 50% growth rate experienced last year and surpass annual online sales of $1 billion in 2011.

Berlin, N.J. -- A.C. Moore Arts & Crafts reported Tuesday that net loss for the quarter ended Jan. 1 was $4.8 million, widened from a loss of $500,000 in the year-ago period.

Sales for the fourth quarter decreased 4.4% $143.2 million, from $149.7 million. Same-store sales fell 4.3%.

WASHINGTON -- The nation’s court is set to hear arguments on Tuesday in a decade-old legal fight that could cost Wal-Mart Stores billions of dollars if the 500,000 women claiming sex bias are allowed to band together in a class action.

Wal-Mart is asking the U.S. Supreme Court to end the massive sex discrimination lawsuit in which the women are claiming that the retailer favors men over women in pay and promotions.

Columbus, Ohio -- Retail Ventures, parent of off-price shoe retail chain DSW, reported Monday that net income for the quarter ended Jan. 29 was $5.7 million, compared with a loss of $5.3 million a year earlier.

Sales for the quarter were $468.5 million, up from $402.6 million in the year-ago period. DSW same-store sales increased 14.9%.

For the full year, net income was $51.8 million, compared with a loss of $65.6 million the year before. Sales were $1.82 billion, compared with $1.60 billion for the prior year.

COLUMBUS, Ohio -- Retail Ventures reported that income from continuing operations for the quarter ended Jan. 29 was $5.7 million on net sales of $468.5 million, compared with the loss from continuing operations of $5.3 million on net sales of $402.6 million for the same period last year. DSW same-store sales increased 14.9% during the fourth quarter versus an increase of 12.9% last year.

Atlanta -- Aaron’s said Tuesday that it plans to create nearly 1,000 jobs in the United States and Canada this year. The lease-to-own retailer said it has added 50 workers so far this year and is on schedule to hire 500 more based on current store opening plans.

An additional 75 franchised stores is expected to create about 400 jobs.

Dallas -- A Wall Street Journal report on Monday said that, according to court filings, Blockbuster will start closing 186 more stores by the end of the month, bringing the number of its U.S. locations closed or slated for closure to 1,145, or more than a third of its total, since the video-rental chain filed for bankruptcy protection in September.

In filings Friday with the U.S. Bankruptcy Court in Manhattan, Blockbuster said it will reject the leases on 186 of its stores by March 31.