News

Oakbrook, Ill. -- McDonald’s Corp. said net income for the fourth quarter, ended Dec. 31, 2010, rose 2.1% to $1.24 billion from $1.22 billion a year earlier.

Revenue increased 4% to $6.21 billion in the fourth quarter from $5.97 billion a year earlier. Global same-store sales rose 5% in the quarter, reflecting increases of 4.4% in the United States, 3.4% in Europe and 5.5% in the Asia/Pacific, Middle East and Africa division.

SANDPOINT, Idaho – Coldwater Creek has named a new president and chief merchandising officer.

Jill Brown Dean will replace Georgia Shonk Simmons, who announced her intention to retire.

Dean, who most recently served as president of Limited Too's tween brands division, will join the apparel brand on Feb. 14.

In related news, Jerome Jessup, currently EVP, creative director at the brand, was promoted to president and chief creative officer.

BENTONVILLE, Ark. - Walmart, the presenting sponsor of the America I AM: The African-American Imprint tour, will offer specially-priced tickets at select Walmart stores in the Washington, D.C. area.

Walmart is offering tickets at the lowest available price: $10 for adults and $5 for children, or 17% off standard ticket prices.

America I AM is a four-year touring museum exhibition that celebrates nearly 500 years of African-American contributions to this country.

WOONSOCKET, R.I. — CVS Caremark has pulled the plug on its plan to hire former Walmart exec Hank Mullany, and is handing the keys to its retail business on an interim basis to Mike Bloom, EVP merchandising and supply chain, and Scott Baker, EVP internal operations and real estate, who will assume management for the company’s 7,100-plus stores.

Belgium -- Belgian supermarket operator Delhaize Group said Thursday it plans to spend $1.21 billion opening new stores and remodeling existing outlets.

According to a report by Wall Street Journal, Delhaize, which operates mainly under the U.S. Food Lion, Hannaford and Sweet Bay banners, is making the investments despite a fourth quarter same-store sales decline of 0.8%.

FRAMINGHAM, Mass. -- HomeGoods reported that according its survey of how people live in their homes, 47% of Americans have not updated their home decor in the last five years and 9% haven't updated their decor in more than 10 years.  As for style, Americans say the overall look of their homes is traditional (44%), followed by modern (22%), eclectic (13%), country (10%) and global (2%).

ROCHESTER, N.Y. — Fortune on Thursday released its “100 Best Companies to Work For” list, ranking Wegmans Food Markets No. 3 and making the New York-based grocer the highest-ranked retailer. Only the software firm SAS and consulting organization Boston Consulting Group ranked higher. Wegmans has appeared on the Fortune list for 14 consecutive years, every year since the list was first published in 1998.

North Plainfield, N.J. -- A survey released Friday by Levin Management Corp. said that he majority of shopping center tenants are optimistic about the year ahead.

According to the real estate firm’s pre- and post-holiday survey of Northeastern retailers, 61.5% of respondents were positive about 2011, and 52.2% of respondents said holiday sales topped or equaled 2009