News

Bentonville, Ark. -- Wal-Mart Stores on Thursday reported profit and sales that were just below Wall Street expectations as the giant retailer struggled with a number of issues that impacted its U.S. sales, from the payroll tax increase to an unseasonably cold spring to delayed tax returns. The discounter also scaled back its earnings expectations for the current three-month period.

Wal-Mart’s net income rose 1.1% to $3.8 billion. Revenue edged up 1%, to $113.4 billion.

BENTONVILLE, Ark. — Same store sales at Walmart's U.S. stores declined 1.4% in the first quarter, but the retailer forecasts comps should rebound during the second quarter. 

Sales were just below Wall Street expectations as the giant retailer struggled with a number of issues that impacted its U.S. sales, from the payroll tax increase to an unseasonably cold spring to delayed tax returns. The discounter also scaled back its earnings expectations for the current three-month period.

ECRM compared retail circular advertising in April 2012 vs. April 2013 and noticed some common overall trends across top retail chains.  While looking at the data, the biggest change from April 2012 to April 2013 came from Lowe’s Home Improvement.

Kohl's Corp. reported a 5% drop in first-quarter profit on weak sales due to unseasonably cold weather in large parts of the United States.

Kohl's net income fell to $147 million in the quarter ended May 4, down from $154 million a year earlier.

Sales fell 1% to $4.2 billion. Comparable-store sales fell 1.9%.

HUDSON, Ohio — Jo-Ann Fabric and Craft Stores plans to honor past and present members of the armed forces with its Military Discount Days — a four-day, in-store-only event Memorial Day weekend.

FRAMINGHAM, Mass. — Staples is not necessarily a name synonymous with home décor and specifically wall art, but the office products company is looking to change that with the launch of its Sports & Art Photo Gallery. 

WAKEFIELD, Mass. — PCI Security Standards Council has appointed representatives from retail merchants such as Walmart, Woolworths Limited and Starbucks, as well as from the Retail Solution Providers Association, to its board of advisors.

The open, global forum for the development of payment card security standards is looking to its board to provide counsel to SSC leadership. 

Known for its “World Famous Almond Toffee,” Enstrom Candies is featuring three new flavors in a new impulse product line, featuring bite-size toffee for wholesale distribution.

JACKSONVILLE, Fla. — Body Central Corp., a multichannel, specialty retailer that offers on-trend apparel and accessories at value prices, has appointed Donna R. Ecton as non-executive chairman of the board. Ecton has been a director of Body Central Corp. since May 2011.

CINCINNATI — Kroger corporate officer and SVP for human resources Kathleen Barclay was among 10 women named a YWCA Career Woman of Achievement. 

"I am honored and humbled to receive this recognition from the YWCA, a truly exceptional organization in Cincinnati and across the country," said Barclay. "I am grateful to work in an industry that provides the incredible opportunity to touch the lives of a very large group of women inside and outside our company, each and every day."