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Dollar Tree has record Q1 sales
May 23, 2013

Chesapeake, Va. โ€“ Dollar Tree reported record net sales for first quarter 2013, with consolidated net sales of $1.87 billion, an 8% increase...

Gap Willing to Sign Bangladesh Safety Accord if Tweaked
May 23, 2013

Gap's chairman and CEO said on Tuesday the U.S. retailer was ready to sign a global accord designed to prevent another deadly disaster in Bangladesh's garment industry, provided there were some "very minor accommodations." A series of incidents at factories has focused attention on safety standards in Bangladesh's booming garment industry while creating a trans-Atlantic divide between U.S. and European retailers over ways to resolve these issues.

Tablets Overtake Smartphones as the Big Shopping Device
May 23, 2013

Mobile devices account for just 15 percent of e-commerce today, but eMarketer estimates that by 2017, one-fourth of online sales will be mobile-based as people conduct more of their lives on smartphones and tablets. The spread of tablets in particular will drive mobile commerce; by 2017, nearly three-fourths of mobile retail sales will be done on tablets, with 125 million people using them to make purchases.

H&M Clothes Made in Collapsed Cambodian Factory
May 23, 2013

Swedish fast-fashion retailer H&M said on Tuesday that some of its clothing was produced in a Cambodia factory where 23 people were injured in an accident on its premises Monday. The Stockholm-based retailer also said its orders had been placed at the factory without its knowledge, highlighting the lack of control some of the world's biggest brands may have over their supply chains. Garment factories in Cambodia and other countries sometimes subcontract orders from retail brands to

Video: KKR Said to Weigh Push for Saks-Neiman U.S. Retail Merger
May 23, 2013

KKR & Co., the private equity firm run by Henry Kravis and George Roberts, is weighing an investment in Saks and may seek a merger with rival Neiman Marcus, said people with knowledge of the matter. The deliberations may not lead to a transaction, said one of the people, who asked not to be named as the process is private. It wasn't immediately clear whether KKR had approached New York-based Saks. Merging the two would create an upscale department-store chain with more than $7 billion in annual sales