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Macy's delivers 22% earnings growth, raises guidance
CINCINNATI — After delivering a 22% increase over the prior year in diluted per share for it second quarter (from 55 cents to 67 cents), Macy's Inc. has raised its full-year earnings guidance for 2012.
The company now expects earnings per diluted share to range from $3.30 to $3.35, compared with previous guidance for earnings per diluted share of $3.25 to $3.30. Guidance for same-store sales in fiscal 2012 remains unchanged at an increase of approximately 3.7%.
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Pep Boys offers car restoration service with help of Barett Jackson
PHILADELPHIA — Pep Boys has been named as the exclusive distributor of Barett Jackson car care products within its new automobile restoration system.
The three-part automobile restoration system – which includes abrasives, paint and car care – is now available in at Pep Boys locations across the country and offers car collectors and enthusiasts an easy, unique way to complete the restoration of car projects from start to finish.