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Foot Locker chairman and CEO Ken C. Hicks credited his entire team for once again achieving record levels of sales and profits in the second quarter.

Net income for the quarter increased to $92 million, from $66 million in the year-ago period.

Total sales increased 12.9%, to $1.64 billion, compared with $1.45 billion for the corresponding prior-year period. Excluding the effect of foreign currency fluctuations, total sales for the second quarter increased 11.7%. Same-store sales rose 7%, beating analysts’ expectations.

A week after disclosing plans for a public stock offering, online retailer Wayfair has launched a commercial business that puts it in greater competition with the likes of Staples and Office Depot.

During the fourth quarter, Tuesday Morning Corporation continued working on the final phase of its turnaround program. Judging by its comparable-store sales trend, increased inventory turnover and improved cash position, the company’s plan is working.

Hibbett Sports president and CEO Jeff Rosenthal said that comparable store sales for the second quarter ended Aug. 2 were softer than expected. However, he is encouraged by improvement in traffic in early August.

Net sales for the quarter increased 4.1% to $193.9 million compared with $186.2 million for the 13-week period ended August 3, 2013. Comparable store sales increased 0.1%.

The skincare needs of men differ greatly. Some guys get a seemingly effortless, smooth shave each and every time, while others are prone to ingrown hairs and irritation when shaving. Philips Norelco is partnering with grooming expert Craig the Barber to help smooth things out.

"Creating meaningful innovation to improve people's lives is at the core of what Philips does.”

Top executives from Starbucks, Walmart, Nordstrom and RadioShack, among others, are confirmed as participants at Texas A&M University’s Center for Retailing Studies annual fall conference.
 

Maybelline New York has teamed up with downtown creative hub, MADE, to act as the official makeup partner of MADE Fashion Week to be held Sept. 4 to 10 at Milk Studios.

Maybelline New York will provide creative direction, backstage artistry and its range of products for more than 10 MADE designers, including Public School, Cushnie Et Ochs, Ostwald Helgason, Olivier Saillard, Kitsune, Jonathan Simkhai, Maria Ke Fisherman, Peter Som, Chris Gelinas, Zana Bayne and Baja East.

Grapevine, Texas -- GameStop Corp. on Thursday reported a second-quarter profit of $24.6 million, up from $10.5 million in the year ago period.

Revenue rose 25% to a better-than-expected $1.73 billion, helped by new game releases as well as solid sales of gaming hardware.

San Francisco -- Gap Inc. posted a better-than-expected quarterly profit and sales and raised its full-year profit forecast, helped by strong sales at Old Navy.

Net profit rose to $332 million in the second quarter ended Aug. 2, from $303 million a year ago.

New York -- UPS Stores, a subsidiary of United Parcel Service, said that a security breach may have led to the theft of customer credit and debit data at 51 UPS stores in the United States.

In a statement, the company said that customers who had used their debit or credit cards at affected locations (which are listed on the UPS site) from Jan. 20 to Aug. 11 may have been exposed to the malware. However, the company noted, exposure began after March 26 in most cases.

The malware was eliminated as of Aug. 11, UPS said.