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Online acquisition overshadows soft sales at Autozone
New York -- AutoZone said it acquired online automotive retailer AutoAnything.com in conjunction with the release of first quarter earnings Tuesday morning.
Profit at the nation’s largest retailer of automotive products increased 6.4% to $203.5 million during the quarter ended Nov. 17, and sales rose 3.5% to $2 billion. Same-store sales edged up 0.2%.
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Staples survey: Shoppers delay holiday mailing until last minute
Framingham, Mass. -- A survey by Staples of 1,000 American shoppers revealed that the majority tend to wait until the last minute to mail holiday gifts.
The Staples Winter Holiday Survey found that two-thirds of those polled confessed to sending holiday cards out too late and nearly half admitted to shipping gifts at the last minute.