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PetSmart has better fiscal year than Q4
Phoenix - PetSmart Inc. had a better fiscal year than fourth quarter 2013, with net income and sales rising during the year but falling during the quarter, compared to the same periods a year earlier. During the fiscal year, net income rose 8% to $419.5 million from $389.5 million, while net sales grew 3% to $6.91 billion from $6.71 billion and same-store sales increased 2.7%.
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Target CIO resigns; chain to overhaul info security
New York -- Target Corp.’s chief information office, Beth Jacob, is resigning, effective Wednesday, as the retailer continues to deal with the fallout from its widespread data breach. Jacob has been in the position since 2008.
In a statement released to the Associated Press, Target's president and CEO Gregg Steinhafel said the chain is overhauling its information security and compliance structure.