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Profits up at Rite Aid
April 11, 2013

CAMP HILL, Pa. โ€” Rite Aid's profits grew in fourth quarter and fiscal year 2013 amid stronger front-end sales and prescription count, the retail pharmacy chain said Thursday. The company reported a $123.1 million profit for the fourth quarter and a...

Family Dollar to Open 500 Stores
April 11, 2013

Matthews, N.C.-based Family Dollar Stores Inc. plans to open 500 new stores in fiscal 2013. In fiscal second-quarter 2013, the company opened 126 new stores, closed 17 stores, and renovated, relocated or expanded 159 stores. Currently, the company...

Pier 1 income down in Q4
April 11, 2013

FORT WORTH, Texas โ€” Pier 1 Imports reported net income of $61.7 million, or 58 cents per share, for its fourth quarter. For the fourth quarter ended Feb. 25, 2012, the company reported net income of $115.2 million, or $1.04 per share. Total sales for...

Costco comps up in March
April 11, 2013

ISSAQUAH, Wash. โ€” Costco Wholesale Corporation reported net sales of $9.67 billion for the month of March, the five weeks ended April 7, 2013, an increase of 7% from $9.07 billion during the similar period last year. For the thirty-one weeks ended April...

Unusually Cold March Puts a in Chill in Retail Sales
April 11, 2013

Retailers broadly missed analysts' estimates for same-store sales in March, a month that typically sees cold weather and slow hiring in the early weeks. So far, 63 percent of retailers who reported results fell short of Wall Street's estimates for sales...

Pier 1 Q4 profit down 46% without last yearโ€™s tax benefit
April 11, 2013

Fort Worth, Texas -- Pier 1's fourth-quarter earnings fell 46% compared with last year, when the chain recorded a large, one-time tax benefit. The company earned $61.7 million in the three months that ended March 2, compared with $115.2 million in last...

Cato March Comps Fall 11%, But Net Sales Rise 2%
April 11, 2013

Specialty fashion apparel and accessories retailer The Cato Corporation (CATO: Quote) Thursday said its same-store sales for the five week ended April 6 dipped from the comparable period last year, while net sales increased. The company said March sales...

Sears Holdings Launches New Fashion and Lifestyle Unit
April 11, 2013

Sears Holdings has launched a new business unit that will focus on the development of entertainment-driven fashion and lifestyle brands. The unit, called Shop Your Way brands, will be lead by Bernt Ullmann and his team from Star

10 Most Valuable Retail Brands of '13
April 11, 2013

Recently, brand consultancy Interbrand came out with its report on the 50 most valuable U.S. retail brands of 2013. Read on to find out the top 10. So how did Interbrand determine their value? In short, Interbrand looks at three key aspects. First is...