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  • Carrefour Q3 revenue up

    New York -- Carrefour SA reported that its revenue edged up in its third quarter, driven by strong sales in its convenience stores and markets in Asia and Latin America.

    The company said Thursday that sales rose 2.1% to €22.6 billion ($29 billion) in the July to September quarter.

    Recessions in Spain and Italy impacted Carrefour’s revenue in Europe, where sales were down 2.2%. Sales in Asia and Latin America increased, however, rising 12.3% and 5.2% respectively.
     

  • And the most passionate presenter award goes to…

    Neil Ashe, president and CEO of global e-commerce was clearly the most excitable person on stage Wednesday at Walmart’s 19th annual analysts' meeting. And for good reason.

    Walmart created its global e-commerce group two years ago and Ashe joined the company back in January. Wednesday was his first opportunity to participate in the company’s annual analysts’ meeting and he made the most of it, slipping in a first ever reference to Walmart’s online revenues that now total $9 billion.

  • Casio enhances POS offering

    DOVER, N.J. — Casio America has joined with Registroid LLC -- an independent software vendor located in Mobile, Alabama -- to offer a comprehensive retail point of sale system called the Registroid Cloud to its Android VX-100 all in one POS unit.

  • Best Buy exec changeups continue with search for new CFO

    MINNEAPOLIS — More unsettling news from Best Buy this week, as the company announced the departure of EVP and CFO Jim Muehlbauer.

    Muehlbauer, who joined the company in 2002, will support the company through 2013 as it searches for a new finance chief.

  • Costco Q4 profit jumps 27%

    Issaquah, Wash. -- Costco Wholesale Corp. reported Wednesday that net income for the quarter ended Sept. 2 jumped 27% to $609 million, from $478 million in the year-ago period. The warehouse club operator credited strong sales and higher member fees for the improved profit performance.

    Sales climbed 14% to $31.52 billion, and same-store sales rose 5%. Membership fee revenue rose 18% to $694 million. The company said it plans to open up to 14 new warehouses before the end of calendar year 2012.

  • Intermix and Shopatron team on order management solution

    San Luis Obispo, Calif. -- Shopatron said Wednesday that women’s specialty retailer Intermix is using Shopatron's order management solution to integrate its retail locations into the company's e-commerce sales strategy.

    Using Shopatron's distributed order management system, Intermix can now fulfill online orders with available inventory from either a distribution center or a retail store.

  • Wal-Mart targeting $9 billion in e-commerce sales

    Rogers, Ark. -- As part of its annual address to investors on Wednesday, Wal-Mart Stores said it expects global e-commerce sales to reach $9 billion next fiscal year.

    The retailer said it has made walmart.com easier to shop with a new search engine, enabled cash payment functions, and is now testing same-day delivery in four markets and a scan-and-go service for smartphones.

     

  • Costco ends year with strong sales, earnings

    ISSAQUAH, Wash. — Costco reported fourth-quarter sales of $31.52 billion, an increase of 14% from $27.59 billion for the same period last year.

    Net income for the quarter was $609 million, or $1.39 per diluted share, compared with $478 million, or $1.08 per diluted share, during the fourth quarter of fiscal 2011.

    Comparable-store sales, excluding fuel, rose 6% at U.S. stores, 7% internationally and 6% for the total company.

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