News

Medford, Ore. -- Harry & David Holdings filed for Chapter 11 bankruptcy protection on Monday, according to a filing.

The gift basket retailer will continue to operate the business as debtors under the jurisdiction of the bankruptcy court. The company has nearly $200 million in outstanding debt.

Harry & David sells its products through catalogs, its website and in stores, which are primarily in factory outlet malls across the nation.

NEW YORK -- Macy's and makeup artist Bobbi Brown have teamed up to support Dress For Success, the international nonprofit that promotes economic independence for disadvantaged women by providing a network of support to help women thrive in work and in life.

Macy's customers can now purchase an exclusinve set of Bobbi Brown Cosmetics;100% of the purchase price of the set will benefit Dress For Success Worldwide. The set retails for $60 (valued at $121) and will be available while supplies last.

Bensalem, Pa. -- Charming Shoppes said it would close 240 unprofitable stores in 2011, or nearly 12% of its total outlets, and that more than half of those would be Fashion Bug stores.
 
The locations were not disclosed.

The company said all 30 of its Catherines Plus Sizes stores in outlet locations would be shuttered over a two-year period.
 

Two new pricing studies out this past week show Target and Walmart are so close to one another on a basket of goods that shoppers would have a hard time discerning which company is the low-price leader.

FRAMINGHAM, Mass. -- Staples, which in February announced plans to positioned itself as a leader in technology, is now looking to become a leader in tablet computers.

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.

SALISBURY, N.C. -- Food Lion announced that one lucky MVP customer will win free groceries for a year.

Customers can scan their MVP cards once a day at the in-store coupon kiosks, and they will be entered for a chance to win free groceries. Customers also can instantly win one of more than 200,000 free national and private brand items starting today through April 19. Free items will be awarded in the form of a coupon on the customer's MVP Savings Center coupon sheet which must be redeemed on the day it is issued.

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.