News

DALLAS -- Tuesday Morning's third-quarter sales offered another boost to the home retail segment, albeit not to the extent of Bed Bath & Beyond or Pier 1, which reported 4Q comps of 8.5% and 8.9%, respectively. 

ENGLEWOOD CLIFFS, N.J. -- LG Electronics has announced the introduction of its first canister vacuums for the U.S. market.

Dallas -- Tuesday Morning Corp. reported Tuesday that sales for the quarter ended March 31 rose 1.3% to $174.3 million, compared with $172 million in the year-ago period.

Same-store sales edged up 0.7%, as traffic dipped 3.2% and average ticket increased 3.9%.

The retailer said it expects capital expenditures of $19 million and to end the fiscal year with 10 to 13 more stores than at the end of the previous year.

New York City -- Target expects sales from its upcoming Canadian stores to total more than $6 billion by 2017, the company’s CFO said Tuesday, Dow Jones reported.

Speaking to Wall Street analysts, CFO Douglas Scovanner said Target expects to have more than 200 stores in Canada within the next five to 10 years, with the stores generating about $6 billion Canadian ($6.27 billion in U.S. dollars based on Tuesday’s exchange rate).

Atlanta -- A report released Tuesday by First Data Corp. found that, despite tough comps and a late Easter, March 2011 same-store consumer spending by credit, signature debit, PIN debit, EBT cards and checks at U.S. merchant locations showed a steady uptick.

BENTONVILLE, Ark. and HOFFMAN ESTATES, Ill. -- Walmart and Sears Holdings have both announced their commitment to helping military members maintain employment when moving from one community to another.

MEMPHIS, Tenn. -- AutoZone announced that it has recognized Great Neck Saw as Extra Miler: Supplier of the Year during the annual AutoZone Vendor Summit held in Memphis, Tenn.

BENTONVILLE, Ark. — A provider of retailer supplier education services has named a 31-year Walmart veteran as its president and CEO.

8th & Walton said Mike Cockrell, who most recently served as chief merchandising officer of Walmart's Indian joint venture with Bharti before his retirement in February, would lead the company's efforts to accelerate growth initiatives while enhancing existing services.