News

NEW YORK — Barnes & Noble saw revenue increases across all of its segments, but it was its digital segment, lead by Nook, that helped narrow its net loss for the fourth quarter and fiscal year 2012.

Barnes & Noble's consolidated revenue for the fourth quarter increased 0.4% to $1.4 billion as compared with the prior year. Net loss for the quarter improved 3% as compared with the prior year to $57.7 million, or $1.08 per share.

GRAND RAPIDS, Mich. — Meijer recently joined the U.S. Environment Protection Agency's GreenChill Partnership. Created as a voluntary partnership, GreenChill members focus on reducing refrigerant emissions and decreasing their impact on the environment and ultimately people's health. By joining GreenChill, Meijer is pledging to meet higher standards that go beyond the regulatory requirements to protect the ozone layer and combat climate change.

DEERFIELD, Ill. — Walgreens and Alliance Boots took the first step in creating what will be the first and largest global retail pharmacy player, the two companies announced Tuesday.  "This creates an opportunity for us together to create an international expansion platform," Walgreens president and CEO Greg Wasson told reporters and analysts early Tuesday morning.

Alliance Boots is a U.K.-based international, pharmacy-led health and beauty group that operates 3,330 retail businesses in 11 countries.

PHOENIX — Multi-platinum rock star Bret Michaels has partnered with PetSmart to launch a line of pet products. Available exclusively at PetSmart stores in the United States, Canada and Puerto Rico and online at www.PetSmart.com, the collection includes toys, beds, apparel, collars, leashes, and bowls.

PHILADELPHIA — Pep Boys CFO Ray Arthur has resigned from the company in order to pursue another business opportunity, the company announced Monday. Arthur will continue in his duties until June 29. The Company has engaged Russell Reynolds to conduct a national search for Arthur’s replacement.

SUNBURY, Pa. — Weis Markets has raised $191,000 in donations and pet supplies for 94 local animal shelters and rescue organizations in its five state market area through its Paws for Pets program, nearly double the total raised in 2011.

The four-week program ran through Memorial Day weekend in the Company's stores in Pennsylvania, Maryland, New Jersey, New York and West Virginia.  During this time, 64 stores also hosted pet adopt-a-thon events with local pet organizations.

LAKELAND, Fla. — For the eighth consecutive year, Publix has been named as one of IDG’s Computerworld top workplaces for information technology professionals, the grocer announced Monday.

NEWPORT BEACH, Calif — Struggling specialty retailer PacSun is hoping a new campaign and some re-branding will help turn things around. To rebuild its image, the company has enlisted Juxt Interactive to create an immersive brand experience designed to coincide with the formal unveiling of the retailer’s new “Golden State of Mind” positioning, which includes the website GSOM.com, and is supposed to reflect the fluid, relaxed nature of the Golden State.

PHILADELPHIA — Plans for a new distribution center near Philadelphia will allow Dollar General to more effectively replenish its rapidly expanding store base.

New York -- Barnes & Noble reported Tuesday that it narrowed its loss for the quarter ended April 28 to $57.6 million, compared with a loss of $59.4 million in the year-ago fourth quarter.

Revenue was essentially flat at $1.38 billion, missing Wall Street’s expected $1.48 billion in revenue. Retail sales rose 5% to $1.05 billion and Nook sales fell 11% to $164 million, as the company took back its Nook Simple Touch e-reader from retailers to make room for new inventory.

Same-store sales increased 4.5%.