News

PHILADELPHIA — Pep Boys has been named as the exclusive distributor of Barett Jackson car care products within its new automobile restoration system.

The three-part automobile restoration system – which includes abrasives, paint and car care – is now available in at Pep Boys locations across the country and offers car collectors and enthusiasts an easy, unique way to complete the restoration of car projects from start to finish.

LITTLE ROCK, Ark. — Dillard's posted an impressive 97% increase in earnings per share for its second quarter ended July 28. Net income for the quarter was $31 million, or 63 cents per diluted share, compared with net income of $17.6 million, or 32 cents per diluted share, for the same period last year.

Net sales for the quarter were $1.5 billion compared with net sales for the prior year period of $1.442 billion. Sales in comparable stores increased 3%.

Atlanta -- The Home Depot said Tuesday it will acquire kitchen and bath vendor U.S. Home Systems in a deal worth about $93 million.

U.S. Home Systems manufactures and installs remodeling and organization products, as well as cabinet-refacing and countertop products, exclusively through Home Depot. The acquisition is part of Home Depot’s strategy to increase its home service business.

The deal is expected to close by the end 2012.

DOWNERS GROVE, Ill. — Hub Group, a light freight transportation management company has been named a 2012 Partner in Transformation for Sears Holdings. Hub Group received the award for financial and operational discipline.

Atlanta -- Supply chain solution provider Logility said Tuesday that Omaha, Neb., home furnishings retailer Nebraska Furniture Mart has selected Logility Voyager Solutions to help the company plan for and manage its growth into new markets.

To meet its goal of 75% growth by 2015, Nebraska Furniture Mart has embarked on an aggressive supply chain transformation project alongside a business improvement effort to streamline operations and accelerate the flow of information and products.

LOS ANGELES — The Kardashian sisters (Kim, Kourtney and Khloé) have expanded their retail empire with the addition of eyewear to their collection at Sears. Manufactured by Jupi Corp and Inspecs USA, the Kardashian Kollection Eyewear hit stores in July.

NAPLES, Fla. — ACI Worldwide, an international provider of payment systems, has named Daniel Frate as EVP global markets and product management.

Frate most recently served as EVP and head of products and pricing at PNC Bank. Building on ACI's product leadership position, Frate will be charged with delivering customer satisfaction through tight alignment of product roadmaps with market needs. He will be based out of the company's Naples, Florida headquarters.

QUINCY, Mass. — Customers in the Massachusetts, Rhode Island, New Hampshire and Connecticut area will be able to help raise money for hunger relief when they shop at their local Stop & Shop.