News

BENTONVILLE, Ark. — Sam's Club is stepping up its efforts to fight hunger by joining with with two Nashville recording stars, General Mills, key food suppliers and the nation's largest domestic hunger-relief charity, Feeding America, in a nationwide program to help Feeding America secure up to one million meals for local food banks to fulfill critical springtime shortages.

BIRMINGHAM, Ala. — Hibbett Sports Inc. saw its profit for the quarter ended Jan. 28 jump 27% to $15.8 million, compared with $12.5 million in the year-ago period.

 Revenue increased 10% to $190.7 million from $173.2 million, missing Wall Street’s expected $192.2 million in revenue. Same-store sales rose 7.2%.

For the full year, Hibbett reported net income of $59.1 million, up from $46.4 million last year. Revenue rose to $732.6 million, from $665 million.

ST. PETERSBURG, Fla. — Celebriy Chef Curtis Stone will debut his Kitchen Solutions line March 16 to 17 on HSN. Stone will appear live on HSN during a special one-hour preview at 1 p.m. (EDT) on March 16 and throughout the day on March 17 as part of the multi-channel retailer's "24 Hour HSN Cooks Event."  

New York -- Barnes & Noble has named former Cablevision executive Michael P. Huseby as CFO.

Huseby, who replaces interim CFO Allen Lindstrom, was executive VP and CFO of cable company Cablevision Systems Corp from 2004 to 2011.
 

NEW YORK — The iconic Macy's Herald Square flagship in New York City is getting a facelift. The company has started work on the four-year renovation of the store, which will include what it says will be the “world’s largest shoe floor,” with 300,000 pairs of shoes stepping into a new 63,000 -sq.-ft. space (retail and stock).

ATLANTA — Robert Nardelli, former Home Depot and Chrysler CEO, said Friday he is stepping down from his current post as CEO of firearms maker Freedom Group.

Nardelli held the Freedom Group post for just two months before deciding to depart.

He said in a statement Friday that it was a good time for him to focus on his investment and consulting company, XLR-8 LLC.

Freedom Group said it expects to name a permanent successor for Nardelli soon.

New York -- Sprouts Farmers Market, a Phoenix-based natural-foods supermarket chain, has reached an agreement to merge with competitor, Sunflower Farmers Market, based in Boulder, Col. Terms of the deal were not disclosed.

The combined company will operate 139 stores in eight states under the Sprouts banner, with annual sales of approximately $2 billion. It will open about 12 new stores this year.

“Our operations are very similar," said Sprouts president Doug Sanders, who will lead the combined supermarket company.

NEW YORK — Sprouts Farmers Market, a Phoenix-based natural-foods supermarket chain, has reached an agreement to merge with competitor, Sunflower Farmers Market, based in Boulder, Col. Terms of the deal were not disclosed.

The combined company will operate 139 stores in eight states under the Sprouts banner, with annual sales of approximately $2 billion. It will open about 12 new stores this year.

“Our operations are very similar," said Sprouts president Doug Sanders, who will lead the combined supermarket company.