Sales & Marketing

NEW YORK — Victoria's Secret announced that it has launched a new line of workout gear called "VSX Sexy Sport." The collection will feature sports bras, yoga pants, tank tops, athletic shorts, accessories and other workout clothing pieces all designed with fit in mind, the company reported. 

The collection is available in a variety of colors in sizes XS to large. Items are priced from $24.50 to $68.50.

Cupertino, Calif. -- Apple announced late Wednesday that its CEO Steve Jobs has resigned his post, effectively immediately, to be succeeded by current COO Tim Cook.

Jobs, the visionary whose contributions created the world’s most innovative technology company, is battling pancreatic cancer and has received a liver transplant. Concerns about his health led to his decision to resign.

GOODLETTSVILLE, Tenn. — Dollar General and NASCAR have announced the first-ever national retail program around the Chase for NASCAR Sprint Cup. As part of the partnership, Dollar General will launch the "Race to Win" sweepstakes on Aug. 28. The sweepstakes, which runs through Nov. 12, offers customers the chance to win more than 9,000 prizes including free gas for a year, a trip to Las Vegas and $250,000.

The sweepstakes will be promoted by NASCAR superstar Dale Earnhardt Jr. in stores, online and on national radio. 

Columbus, Ohio -- Big Lots reported Thursday that net income for the quarter ended July 30 declined 8% to $35.7 million, compared with $38.9 million a year earlier. The company cited same-store sales declines and a charge related to its new Canadian stores for the performance slip.

Revenue rose 3% to $1.17 billion from $1.14 billion. Same-store sales fell 1.5%.

Big Lots acquired Liquidation World in July as part of a strategy to expand into Canada.
 

COLUMBUS, Ohio — Despite a comps dip during its second quarter, Big Lots performance was enough for the company to raise its fiscal 2011 guidance.

Big Lots reported net income of $35.7 million, or 50 cents per diluted share, for the second quarter of fiscal 2011 ended July 30.  This compares with net income of $38.9 million, or 48 cents per diluted share, for the second quarter of fiscal 2010. 

New York City -- Walgreens has renewed its lease on the ground floor of the Empire State Building, and exchanged 10,000 sq. ft. of retail space on the concourse level to 10,000 sq. ft. on the second floor near the observatory exit elevators, according to a report published by REBusiness Online Thursday.

"The all-glass second-floor store is slated for a first quarter 2012 completion," the report stated. Walgreens’ lease in the Empire State Building is for a 15-year term and totals 18,818 sq. ft.

 

Evansville, Ind. -- Shoe Carnival reported Thursday that net income for the quarter ended July 30 dropped to $2.7 million from $4.1 million in the year-ago period. Sales edged up 0.8% to $166.7 million, and same-store sales dipped 1.1%.

The shoe retailer said it expects to open 17 new stores and close four stores in fiscal 2011.
 

Just in time for football season, Procter & Gamble and Walmart are out with yet another installment in their collaborative, family movie night entertainment initiative. The new movie, the eighth in the series, which first aired in April 2010, is titled, Game Time: Tackling the Past.

“This exciting sports drama showcases how a person’s true value is measured and is sure to get families revved up in time for the 2011 season opener,” according to promotional materials for the film set to air Saturday, Sept. 3 at 8 p.m. eastern time on NBC.