News

CLEVELAND — American Greetings is making kids' birthday cards extra special with its Surprise Inside line.

Each Surprise Inside card features a surprise gift pouch inside that the child can open to reveal a small toy that coordinates with the card's theme, the company said. A sticker reveals to the sender what the secret gift will be.

HOFFMAN ESTATES, Ill.  -- Kenmore announced that it has launched an online reality series, "So You Wanna Be a Designer."

For six weeks the reality show will stream live on Kenmore's Facebook page to show budding designers at work, making their dreams a reality. Through the series, contestants will learn how to navigate the barriers of entering the design world: how to create and launch a brand, and how to price, present and promote designs successfully, among other things.

Dollar General maintained its momentum in 2010 by achieving record sales, profits and expansion and it’s looking like 2011 will bring more of the same. Last year, Dollar General opened 600 new stores and remodeled or relocated another 504 units to end its fiscal year on Jan. 28 with 9,372 stores. The additional square footage combined with a 4.9% same store sales increase enabled the company to grow total sales by 10.5% to roughly $13 billion.

New York City -- Borders Group, which filed Chapter 11 bankruptcy in February and has announced plans to close about a third of its stores, said it plans to pay key employees as much as $8.3 million in incentives and retention bonuses, Bloomberg reported.

The retailer asked a judge to approve its plan in a filing Thursday in U.S. Bankruptcy Courty in New York. Borders said it has historically compensated employees through incentives.

New York City -- Optimism was in the air at Chain Store Age’s 47th annual SPECS conference, in Grapevine, Texas. Spirits were up, and so was attendance, dramatically so, among both the show’s attendees and exhibitors.

Indianapolis -- The Finish Line said Thursday that its fourth-quarter profit rose 12% with strong same-store sales.

The company reported net income of $34.3 million in the quarter that ended Feb. 26, compared with $30.6 million a year earlier.

The Finish Line said that excluding a charge for writing down the value of stores.

Revenue rose 2.7% to $384.6 million. Same-store sales rose 4%.

The company said operating margins were 9% close to its goal of double-digit margins for the full year.

San Diego -- Target Corp. is suing a pro-gay marriage group to get it to stop canvassing outside its San Diego County stores, alleging the group’s activists are driving away customers, the Associated Press said.

New York City -- Tesco has installed wind turbines, each with a capacity of nearly 1 MW, at three of its grocery distribution centers.

The company installed two of the 90-meter, 800kW wind turbines at its distribution center near Newport in Wales, BusinessGreen reported. The other turbines are at two sites in England’s Midlands region.

SIDNEY, Neb. -- Cabela’s Inc. announced that Beth Pritchard has been appointed to its board of directors.

“I am delighted that Beth has joined our Board,” said Tommy Millner, Cabela’s CEO. “Beth’s impressive retailing expertise, marketing knowledge and leadership experience will be invaluable as we continue to focus on our strategic initiatives and look to profitably expand our retail store count.”

MEMPHIS, Tenn. -- In yet another example of how discount stores are dominating the retail industry these days, Fred's Inc. reported strong earnings and sales growth for its fiscal fourth quarter. The company reported fourth-quarter net income of $8.6 million, or 22 cents per diluted share, a 49% increase over last year's reported net income of $5.8 million or 15 cents per diluted share. For the year ended Jan.