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  • Dollar General is smokin’ in the second quarter

    GOODLETTSVILLE, Tenn. — Dollar General reported record sales, operating profit and net income for its second quarter ended Aug. 2, driven, in part, by the company’s newly introduced tobacco products and strong sales of perishables and candy and snacks.

    The company’s net income increased 15% to $245 million in the quarter, from $214 million in the year-ago quarter, and earnings per diluted share of $0.75 in the quarter increased 17% over EPS of $0.64 in the year-ago quarter. 

  • Target elevating e-commerce capabilities

    Multichannel integration hasn’t exactly been Target’s strong suit to date, but this holiday season could be different if the company is able to successfully roll out an order online, pick up in store service.

  • Organic items added to Target’s HBC offering

    Two hundred Target stores will begin offering the EveryOne brand of organics and all nature health and beauty items from EO products.

    The company bills itself as theoriginal and ultimate essential oil based personal care company and said its products are designed to meet the increasing demand for healthy body products at a great price. Target will offer EO’s EveryOne Soap in Citrus + Mint, EveryOne Soap in Coconut + Lemon, and EveryOne Lotion in Coconut + Lemon in a 32 ounce pump bottle that retails for less than $10.

  • Old Navy to enter Philippines

    San Francisco -- Gap Inc. will open its first franchise-operated Old Navy stores in the Philippines in 2014. Earlier this year, the company announced that it would begin franchising Old Navy stores internationally.

    Gap will partner with Stores Specialists, which operates Gap brand and Banana Republic stores in-market, to open two Old Navy locations in the beginning of 2014 with plans to open additional stores by the end of the same fiscal year.

  • Dunkin’ Donuts opens on Kansas Turnpike

    Canton, Mass. -- Dunkin’ Donuts continues its growth in non-traditional locations with the opening of two locations on the Kansas Turnpike with franchisee Rosenfield Restaurants. A third is scheduled to debut in October.

    “Bringing Dunkin' Donuts to service plazas around the country is just one great example of how our brand is taking successful elements of our traditional locations and translating them into alternative points of distribution,” said Grant Benson, VP of franchising and business development, Dunkin' Brands.

  • Yankee Candle to be acquired in $1.75 billion deal

    New York -- Yankee Candle has agreed to be acquired by global consumer products company Jarden Corp. for $1.75 billion in cash from its private equity owner Madison Dearborn Partners. Yankee Candle, based in South Deerfield, Mass., operates about 575 stores in the United States and Canada.

    Madison Dearborn bought Yankee Candle in 2007 for $1.4 billion cash and the assumption of $300 million in debt.

  • SRS Real Estate Partners July transactions

    Dallas -- SRS Real Estate Partners (SRS) announces highlights of August transactions and new assignments.

    Atlanta:
    Shoe Carnival has executed a new lease for an 11,542-sq.-ft. space at Heritage Pavilion in Smyrna, Ga. The new location is expected to open in October 2013. SRS represented the tenant in this transaction. Developers Diversified Realty represented the landlord.

  • DSW signs three leases from New York to Oklahoma

    Columbus — Designer Shoe Warehouse — DSW — has announced the opening of three new stores across the country.

    The locations are:

    • Colerain Ave. in Cincinnati, Ohio, opens Sept. 5
    • Veteran Parkway, Springfield, Ill., opens Sept. 5
    • Bowles Ave. in Littleton, Colo., opens Sept. 5

  • Yankee Candle now part of Jarden brand portfolio

    Global consumer products company Jarden Corp. agreed to acquire Yankee Candle for $1.75 billion in cash from its private equity owner Madison Dearborn Partners.

    Jarden offers more than 120 well known brands in three major categories – outdoor solutions, consumer solution and branded consumables – but Yankee Candle will instantly become one of, if not the most, recognizable brand in the lineup. Yankee Candle brand products are sold in roughly 35,000 retail locations in North America.

  • Food safety platform adopted by second ROFDA wholesaler

    A second Retailer Owned Food Distributors & Associates (ROFDA) wholesaler is adopting ReposiTrak, a food safety platform.

    Powered by Park City Group’s technology, ReposiTrak aims to help manage regulatory, financial and brand risk associated with issues of food safety in the global food supply chain, and remain in compliance with rapidly evolving regulations in the Food Safety Modernization Act.

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