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Mixed results for value retailer in Q4
99 Cents Only Stores turned in a strong sales performance for its fourth quarter, even as its net loss grew amid rising expenses. The retailer reported a net loss of $20.9 million for the quarter, versus a net loss of $18.4 million in the year ago period. Net sales increased 6.7% to $552.5 million, while same-store sales rose 6.4%. Average ticket gained 4.4% and customer traffic increased 1.9%. Operating loss was $6.5 million versus $2.7 million in the period a year prior. -
UPS uses beacons to quell shipping errors
UPS is taking steps to improve order accuracy. A new program called Preload Smart Scan notifies workers if they have placed an item in the wrong delivery vehicle. Historically, these snafus forced drivers to travel miles out of their way to correct the mistakes.

