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  • Ross Q4 profit jumps 23%; to stop reporting monthly sales

    Pleasanton, Calif. -- Ross Stores Inc. said Thursday its fourth-quarter net income rose 23%, in line with analysts’ projections. The off-price retailer also announced that beginning with the second quarter of fiscal 2013 it will no longer report monthly sales. Instead, quarterly same-store store sales results will be provided with regularly scheduled earnings releases.
     

  • Walgreens opens D.C. flagship

    WASHINGTON — Walgreens this week opened the doors to its latest flagship location in the nation's capital, bringing to District of Columbia residents and commuters the kind of retail pharmacy theater already familiar with citizens of New York, Chicago and Los Angeles. 

  • Macy's expands fulfillment center to meet growing omnichannel needs

    CINCINNATI — Macy’s announced that it will expand its online order fulfillment center in Goodyear, Ariz., to accommodate continued sales growth as part of the company’s omnichannel strategy. The company is expected to invest more than $35 million in capital in the project.

  • Sur La Table to use Island Pacific software solutions

    IRVINE, Calif. — Software solutions provider, Island Pacific, a division of 3Q Holdings Limited, announced that Sur La Table has decided to deploy Island Pacific's SmartRetail browser based User Interface and Data Warehouse solutions, as well as the latest release of Island Pacific Merchandising System (IPMS) and Merchandise Planning solution (IPP).

  • Starbucks to expand loyalty program to Teavana and supermarkets

    Seattle -- Starbucks Coffee Co. is expanding its customer loyalty program to the supermarket channel and its Teavana stores as it looks to double membership from 4.5 million members at the end of October 2012 to approximately nine million members by the end of fiscal 2013.

    Starbucks made the announcement at the company’s annual shareholders on Wednesday in Seattle. Also at the meeting, Starbucks investors rejected a shareholder proposal to prohibit the chain from making political contributions or forming a political action committee.

  • Claire's fashions a Q4 comps increase

    CHICAGO — Claire's Stores reported net sales of $493.4 million for the fiscal 2012 fourth quarter, an increase of $58.5 million, or 13.4% compared with the fiscal 2011 fourth quarter. 

    During fiscal 2012 fourth quarter, the company entered two new countries, opening three stores in China and two stores in Italy.

    Consolidated same-store sales increased 5.4% for the quarter, with North America same-store sales increasing 5.9%, and Europe same-store sales increasing 4.4%.  

  • DuPont issues warning on illegal refrigerants, particularly R-22 and R-438A

    Wilmington, Del. -- DuPont Refrigerants urges HVACR industry members to be aware of potential counterfeit and illegally imported refrigerant products, with particular attention to R-22 and R-438A. R-438A is a patented product from DuPont, sold as DuPont ISCEON® MO99 refrigerant.

  • E-commerce growth not enough to help FedEx

    FedEx on Wednesday reported average daily package volume growth of 10% during the third quarter at its ground division, but it wasn’t enough to offset weakness elsewhere and profits were well short of analysts’ estimates.

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