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Jos. A. Bank fiscal 2012 profit slips, sales rise
Hampstead, Md. -- Jos. A. Bank Clothiers reported Wednesday that net income for the fiscal year ended Feb. 2 slid to $79.7 million, from $97.5 million in the prior year.
Annual sales rose 7.1% to a record $1.05 billion, from $979.9 million. Same-store sales decreased 0.5%.
Jos. A. Bank had warned that net income for fiscal year 2012 was expected to be approximately 20% lower than net income for fiscal year 2011.
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Walgreens reports March sales increase of 2.3%
Deerfield, Ill. -- Walgreens reported Wednesday that sales for the month of March increased 2.3% to $6.2 billion.
Total front-end sales increased 5.4% compared with the same month in fiscal 2012, while same-store front-end sales increased 4.2%. Front-end sales will have benefited from a March 31 Easter — last year Easter sales fell in April. As a result Walgreens said it will report combined comps for March and April with its April sales results.