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Ikea to support Canada growth with distribution center
Mississauga, Canada – Ikea plans to open a 397,000-sq.-ft. distribution center in Mississauga Ontario in October. The new facility will fulfil customer orders from the four existing Toronto-area stores and e-commerce purchases, as well as support growth plans for Ikea Canada to meet customers in new and existing markets.
The location will bring Ikea closer to the customer, which the retailer hopes will allow for an improved logistical setup enabling an increased range offer and shorter lead-times while contributing to sustainability goals.
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Shoe Carnival celebrates profits; will open 18-19 stores
Evansville, Ind. – Shoe Carnival Inc. saw net income and sales increase during the first quarter of fiscal 2015 as selling, general and administrative (SG&A) expenses and cost of sales rose at a slower pace than revenues.
Net income totaled $10.4 million, up 8% from $9.2 million the same period a year earlier.
Net sales increased 7% to $252.77 million, from $235.77 million. Same-store sales climbed 3%.

