Store Systems

The $33 million profit Office Depot posted in 2010 turned into a $46 million loss late Thursday after the company released restated financial results that reflected an unfavorable tax ruling by the Internal Revenue Service.

Los Angeles -- Sony Electronics will unveil its newly branded Sony store on Friday, in Westfield Century City, Los Angeles. The 4,200-sq.-ft. store is designed to allow consumers to explore the complete Sony experience, including electronics, games, movies, music, network services and future technologies.

LOS ANGELES -- Sony Electronics announced that on April 1 it will open its first newly branded Sony store in the United States at the Westfield Century City Shopping mall in Los Angeles.

CAMP HILL, Pa. — Overall same-store sales at Rite Aid decreased during March while pharmacy and prescription sales increased, the pharmacy retailer said Thursday.

Compared with last year, front-end same-store sales decreased by 1.8% during the four-week period that ended March 26, which the 4,711-store chain attributed to Easter falling on a later date this year, April 24, than last year, when it occurred on April 4.

Chicago – Bar-and-restaurant concept Bar Louie said Tuesday it is undertaking a major national expansion initiative of more than 100 new locations in 20 markets nationwide and has appointed Jones Lang LaSalle as its exclusive real estate advisor.

Jones Lang LaSalle will work in tandem with Bar Louie’s real estate team and select brokers in various markets to leverage both tenant-favorable conditions, as well as the availability of vacant full-amenity restaurant space located within high-density urban and suburban markets.

Dallas -- Retalix announced Wednesday that c-store chain Family Express has selected the Retalix Demand-Driven Replenishment solution to reduce out-of-stocks, enhance the quality of its center-of-store product and fresh product offerings, and optimize its inventory position.

“Retalix’s Demand-Driven Replenishment solution offers one of the most robust, feature-rich systems on the market, and the depth of its intuitive analytics made our decision very easy,” said said Bill Nolan, VP marketing of Valparaiso, Ind.-based Family Express.

New York City -- Winick Realty Group LLC announced that HairParty 24, a 24-hour hair salon and spa with locations in New York and Seoul, has leased its second Manhattan location at the former Marc D’Orsay Salon at 450 Park Avenue South, between 30th and 31st Streets.

The space includes 1,300 sq. ft. on the ground floor and 2,000 sq. ft. in a selling basement that will be used for parties.

Bermuda -- Signet Jewelers Ltd., whose brands include Kay Jewelers and Jared The Galleria of Jewelry, reported Wednesday that net income for the quarter ended Jan. 29 decreased 9% to $105.4 million, from $115.5 million a year earlier.

Revenue for the period rose 6% to $1.27 billion from $1.2 billion, meeting Wall Street expectations. Same-store sales increased 8.1%.