News

Charlotte, N.C. – Specialty women’s apparel and accessories retailer Cato Corp. reported declining sales and net income during first quarter 2013. Sales dropped 2% from $272.8 million to $267.2 million, while net income fell 3% from $31.7 million to $30.8 million. Same-store sales also declined compared to the same quarter a year earlier, by 5%.

CAMDEN, N.J. — Campbell Soup Company has entered into an agreement to acquire Plum Organics, a provider of premium, organic foods and snacks that serve the nutritional needs of babies, toddlers and children. 

The company is based in Emeryville, Calif. Plum is the No. 2 brand of organic baby food in the U.S. and is currently the No. 4 baby food brand overall. Baby food is an approximately $2 billion category in the United States. From 2010 to 2012, the premium and organic segments grew at an average annual rate of 43%.

Chesapeake, Va. – Dollar Tree reported record net sales for first quarter 2013, with consolidated net sales of $1.87 billion, an 8% increase from $1.72 billion during the same quarter of the prior year. Net income totaled $133.5 million, and same store sales grew 2.1%, on top of a 5.6% increase recorded during first quarter 2012. Dollar Tree estimates full fiscal year net sales will range from $7.81 billion to $7.97 billion.

Dollar Tree president and CEO Bob Sasser said he is pleased with the first quarter results.

NAPERVILLE, Ill. — OfficeMax Workplace, the U.S. business-to-business division of OfficeMax, has expanded its IT Lifecycle Management Services to help customers streamline their technology work environments. 

The company has added HP Networking solutions to its portfolio, which also includes technology offerings from Motorola and Cisco. The move provides organizations with more options to modernize their wireless and wired networks, increase productivity, unify digital communications and grow their networking capacity. 

New York -- Jamba Juice tapped NCR Corporation to help it make mobile ordering easier for its customers. NCR, in collaboration with PayPal, has developed a series of customized mobile solutions, including a Jamba Juice branded iOS and Android mobile ordering and payment solution.

DEERFIELD, Ill. — Responding to Monday’s tornado in the Oklahoma City area, Walgreens mobilized increased shipments of essential supplies to its area stores, made an initial donation of three semi-trailers of food, water and first aid supplies to the Oklahoma chapter of the American Red Cross and offered customers an opportunity to make donations at its Oklahoma drugstores.

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MENOMONEE FALLS, Wis. — Kohl’s has made a $250,000 cash donation to the American Red Cross, toward tornado relief efforts in Moore, Okla., and the surrounding area. The American Red Cross is delivering emergency supplies and services to the tornado-impacted areas.