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Target announced that by late 2012 it would stop carrying any products that have been sandblasted during the manufacturing process. Target, which operates 1,762 stores, has teamed with the Sustainable Apparel Coalition to investigate responsible sourcing solutions.
FRAMINGHAM, Mass.--(BUSINESS WIRE)--The TJX Companies, Inc. (NYSE: TJX) today reported February 2012 sales results. Sales for the four-week period ended February 25, 2012, were $1.6 billion, up 12% over the $1.5 billion achieved during the four-week period ended February 26, 2011. Consolidated comparable store sales for the four-week period ended February 25, 2012 increased 9% compared to last year. Carol Meyrowitz, Chief Executive Officer of The TJX Companies, Inc., stated, “We are very pleased that our momentum continued to build to a strong finish in February and to have posted a 9% increase in consolidated comparable store sales for
New York City -- J.C. Penney Co. has promoted Elizabeth Sweney to the position of chief merchant, Women’s Wear Daily reported. Sweney is a 12-year-company veteran. She served as executive VP and general merchandise manager of women’s apparel.
In their ongoing tug-of-war for consumers' grocery carts, Wal-Mart has again beaten Target on prices, according to the latest analysis from Kantar Retail. It won by the widest margin in seven iterations of the survey.
Etsy is holding a one-day workshop at its headquarters in New York to help sellers increase the visibility of their items, reporting that 80 percent of sellers surveyed wanted more resources to help them in this area.
Apple may be a big dog in music and movies, but it's definitely not one in e-books. In a post on PaidContent, Seth Godin writes that Apple has refused to sell his new book because it contains links to Amazon in the bibliography.
For extreme couponers who pay only a few bucks for an entire shopping cart's worth of goods, or even earn money on their shopping trips by reimbursing coupons with a higher value than the item's price, couponing practically functions as a part-time job. Stores are ready to give them the pink slip.
/PRNewswire/ -- Genesco Inc. (NYSE: GCO) announced today that Thurgood Marshall, Jr. has been appointed to its board of directors. Marshall is a partner in the Washington, D.C. office of Bingham McCutchen LLP. He also serves on the boards of Corrections Corporation of America, Ethics Resource Center, and the Ford Foundation and as chairman of the board of governors of the United States Postal Service. Marshall's professional background includes service in all three branches of the federal government and in the private sector. He has served in roles including Assistant to the President and Cabinet Secretary from 1997 to
ISSAQUAH, Wash. – Net income rose 13.2% to $394 million while sales increased 10.1% to $22.51 billion during the second quarter of fiscal 2012 at Costco Wholesale Corp. Year-to-date profits advanced 8.2% to $714 million as sales gained 11.2% to $43.69 billion. The world’s leading membership warehouse club operator also reported a 10% increase in net sales during February to $7.04 billion. Comparable-store sales for the company rose 8% uniformly across domestic and international warehouses and for the company as a whole. Excluding the favorable impact of gasoline sales and the negative effect of foreign currency exchange rates, U.S.