News

Columbus, Ohio -- Retail Ventures, parent of off-price shoe retail chain DSW, reported Monday that net income for the quarter ended Jan. 29 was $5.7 million, compared with a loss of $5.3 million a year earlier.

Sales for the quarter were $468.5 million, up from $402.6 million in the year-ago period. DSW same-store sales increased 14.9%.

For the full year, net income was $51.8 million, compared with a loss of $65.6 million the year before. Sales were $1.82 billion, compared with $1.60 billion for the prior year.

HACKETTSTOWN, N.J. — Mars Chocolate said its Kudos brand will debut a new-and-improved line of granola bars this May.

Kudos will don flavors from M&M's, Dove and Snickers in a 10-count pack and a 30-count variety pack.

What's more, a marketing campaign will kick off to celebrate the Kudos granola bars, which will include a refreshed website at Kudosbar.com and cross promotions with others Mars Chocolate brands.

Kudos 10-count and 30-count variety packs will retail for $2.99 and $6.99, respectively.

WOONSOCKET, R.I. — CVS Caremark has named Helena Foulkes, who is widely regarded as one of the most visionary marketers in modern drug store retailing, to the newly created position of EVP and chief healthcare strategy and marketing officer.

COLUMBUS, Ohio -- Retail Ventures reported that income from continuing operations for the quarter ended Jan. 29 was $5.7 million on net sales of $468.5 million, compared with the loss from continuing operations of $5.3 million on net sales of $402.6 million for the same period last year. DSW same-store sales increased 14.9% during the fourth quarter versus an increase of 12.9% last year.

Washington, D.C. -- The nation’s court is set to hear arguments on Tuesday in a decade-old legal fight that could cost Wal-Mart Stores billions of dollars if the 500,000 women claiming sex bias are allowed to band together in a class action.

Wal-Mart is asking the U.S. Supreme Court to end the massive sex discrimination lawsuit in which the women are claiming that the retailer favors men over women in pay and promotions.
 

Menomonee Falls, Wis. -- Kohl's Corp. said Tuesday that plans to open a distribution center in July in Maryland that will create about 1,200 jobs over the next three years.

According to the retailer, the Edgewood, Md., DC will fulfill online orders. Kohl’s anticipates hiring more than 200 full- and part-time employees when the center opens in July.

With the newest DC, Kohl's will have a total of 12 distribution centers across the United States.

NEW YORK — Royal Ahold’s Peapod online grocery service is expanding in New York, according to published reports.

According to the reports, the new service, Peapod by Stop & Shop, will fulfill orders using the existing warehouse presence of Ahold supermarket banner Stop & Shop, which operates several stores in the city. In addition to groceries, Peapod also offers numerous health and beauty products.

TOPEKA, Kan. and MIAMI -- Payless ShoeSource announced that it is now partnering with internationally acclaimed Colombian fashion designer, Silvia Tcherassi, to create the latest Payless designer label, Silvia Tcherassi for Payless, with an initial collection available in May.