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Hershey’s posts sweet results in Q1
HERSHEY, Pa. — The Hershey reported a net sales increase of nearly 6%, driven by core brand volume. Consolidated net sales were $1.8 billion for the first quarter ended March 31, compared with $1.7 billion for the same period last year.
Reported net income for the first quarter of 2013 was $242 million compared with $199 million for the same period last year.
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Children's Place CFO adds COO title
Secaucus, N.J. -- The Children's Place said Wednesday that current CFO Michael Scarpa has also been appointed COO, effective immediately.
Scarpa will continue to oversee finance, information technology, distribution, logistics and wholesale, and will add store operations, store development and international to his current responsibilities.
Prior to joining The Children's Place, Scarpa was COO and CFO of The Talbots.