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  • Rite Aid swings to profit in Q3, lifts forecast

    Camp Hill, Pa. -- Rite Aid Corp. reported Thursday a profit of $60.5 million for the quarter ended Dec. 1, compared with a year-earlier loss of $54.5 million and marking the first time since quarter-ended May 2007 that the drugstore retailer has turned a profit.
     
    Rite Aid also raised its forecast for the year, abandoning earlier forecasts of a loss for the year and instead suggesting that the company may turn an annual profit.
     

  • Walmart versus the New York Times

    Walmart’s ongoing investigation into bribery allegations was thrust into the spotlight again this week after the New York Times published results of its own investigation.

  • BBC exec joins HSN, Inc. board

    ST. PETERSBURG, Fla. — Interactive multichannel retailer HSNi has appointed BBC executive Ann Sarnoff to its board of directors.

    Sarnoff will also serve on HSNi’s Compensation and Human Resources Committee. Her appointment expands the number of board members to ten.

  • Amazon and Kohl’s execs among those honored by NRF

    Washington, D.C. -- Executives at Amazon, Kohl’s, Crocs and Lululemon have been named recipients of the National Retail Federation’s annual awards. Amazon founder and CEO Jeff Bezos received the Gold Medal Award, recognized for serving the industry with distinction and achieving a national reputation for excellence.

  • Rite Aid reports first profit in five years

    CAMP HILL, Pa. — Rite Aid beat analyst expectations in third quarter 2013 as the generic wave and retention of Express Scripts customers helped drive better-than-expected adjusted EBIDTA and produced the company's first profitable quarter in five years.

    "I am proud that we have achieved this significant milestone by putting our customers first and challenging ourselves to better serve them," Rite Aid president, chairman and CEO John Standley said in a conference call with Wall Street analysts Thursday morning.

  • Bed Bath & Beyond weathers Sandy

    Third quarter same store sales at Bed Bath & Beyond were negatively affectivd by Hurricane Sandy, but the nation’s leading home good retailer still managed to grow profits.

  • Sam’s Club and Target execs team up at RadioShack

    Former Sam’s Club SVP and GMM Huey Long and former Target EVP of stores Troy Risch have joined forces to right the ship at RadioShack.

  • Valspar edges out Benjamin Moore

    Valspar will become the new paint supplier for Ace Hardware, according to Retailing Today sister publication Home Channel News.

    Said to be in the final stages of inking the deal, Valspar would replace Ace Hardware’s signature brand Benjamin Moore.

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