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  • Gap’s February Q4 same-store sales rise 3%, topping estimates

    New York -- Gap Inc. said Thursday that its February same-store sales rose a better-than-expected 3% for the four weeks ended Feb. 25. Analysts expected a 2% increase.
       
    The chain was due to release the sales figures after the market closed, but put them out at midday after they were found in a leaked transcript of prerecorded comments.

    By division, same-store sales rose 2% at Gap and 6% at Old Navy. They fell 5% at Banana Republic.

  • Mathematical software provider names new director

    LISLE, ILLINOIS — The Numerical Algorithms Group, Ltd., a provider of mathematical software components to industry and other organizations, has named Ken Kubat to the board of directors of its North American subsidiary NAG, Inc. The appointment is effective immediately.

  • Walgreens to build nation’s first net zero energy retail store

    Deerfield, Ill. -- Walgreens announced plans to build what the company believes will be the nation’s first net-zero energy retail store. The store, which is predicted to produce energy equal to or greater than it consumes, will be located in Evanston, Ill., at the intersection of Chicago Avenue and Keeney Street, where demolition of an existing Walgreens store now is under way.

  • Big Lots profit edges up in Q4; 50 stores on tap for fiscal 2013

    Columbus, Ohio -- Big Lots reported Wednesday that net income for the fourth quarter rose to $120.3 million, from $114.7 million in the year-ago period. Sales in the U.S. increased 4.4% to $1.7 billion from $1.6 billion, and domestic same-store sales dipped 3.5%.

    For the full year, income from continuing operations dropped to $177.2 million, from $207.2 million in the prior fiscal year. This year’s results included $3.4 million in charges related to new inventory system implementation.

  • Schawk names head of business development

    CHICAGO — Schawk, a provider of brand development and deployment services, enabling companies of all sizes to connect their brands with consumers, announced that it has appointed Jackie DeLise to the position of vice president of business development.  

  • SecureNet launches new payment solutions

    AUSTIN, Texas — SecureNet announced that it will launch its next generation of Mobile Payments API libraries (version 2.0) early next month, enabling quick and easy integration with mobile and point-of-sale applications for seamless mobile checkout. The company also plans to release an advanced suite of developer integration tools complete with interactive code samples in multiple languages, easy-to-follow quick start guides by acceptance type, a robust self-service development sandbox and specialized support resources.

  • Target challenges developers to create a new mobile experience

    NEW YORK and MINNEAPOLIS — Target has teamed up with Fast Company to launch Co.Labs & Target Retail Accelerator, a contest for developers to create a new mobile experience for Target and claim a $75,000 grand prize. Fast Company will chronicle the developers' efforts on its new technology vertical Co.Labs.

  • Office Depot HQ earns EPA’s Energy Star certification for second consecutive year

    Boca Raton, Fla. -- Office Depot announced that the company’s global headquarters, located in Boca Raton, Fla., has earned the U.S. Environmental Protection Agency’s Energy Star certification for the second consecutive year. The certification signifies the building performs in the top 25% of similar facilities nationwide for energy efficiency.

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