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Cool weather fails to hold back Macy’s Q1 profits
CINCINNATI — Macy’s reported increases in sales and income for the first quarter of 2013 compared to the same period a year earlier, despite cool weather that delayed spring shopping in key markets. Net income was $217 million, a 20% hike from $181 million in the year-ago period.
While net income slightly beat analyst predictions, same-store sales rose 3.8%, short of the 4.3% expected by analysts. Net sales totaled $6.39 billion, up 4% from $6.14 billion in the year-ago period.
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CASPCA exec heads to Petco Foundation’s board
SAN DIEGO — Petco Foundation has appointed CASPCA executive Susanne Kogut as the new executive director of its board of directors. Kogut will replace the foundation's long-time executive director, Paul Jolly, who has led the organization since its inception in 1999.