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New Walmart website offers market for women-owned businesses
March 7, 2013

BENTONVILLE, Ark. โ€” Walmart has launched an online destination on Walmart.com that gives shoppers who want to buy unique and interesting products the opportunity to do so while supporting small women-owned businesses around the world. At launch,...

Hot Topic to Be Acquired by Sycamore
March 7, 2013

Hot Topic, the operator of more than 800 teen specialty-retail stores, agreed to be bought by private-equity firm Sycamore Partners for about $600 million. The agreement was unanimously approved by Hot Topic's board and will require shareholder and regulatory approval, the companies said today in a statement. The offer of $14 a share is 30 percent higher than Hot Topic's closing price yesterday.

Costco's sales surge continues
March 7, 2013

ISSAQUAH, Wash. โ€” Costco reported net sales of $7.58 billion for the month of February, an increase of 8% from $7.01 billion during the similar period last year. For the twenty-six weeks ended March 3, 2013, the company reported net sales of $51.35...

Why Wal-Mart is Betting Big on Small Stores
March 7, 2013

Big box is so last decade. That's why Wal-Mart is upping the ante on its expansion efforts with smaller stores. According to Bill Simon, head of Wal-Mart's U.S. division, who spoke on an industry conference call yesterday, "They compete really well against multiple channels," including competitors such as Dollar General, Walgreens and supermarkets. Simon said the company plans to add 115 new outlets that have less than 60,000 square feet of selling space this year. Wal-Mart's not abandoning the big box yet, however. Simon says to expect 125 supercenters to open this year, too.

J.C. Penney Fires 2,200 as Retailer's Woes Continue
March 7, 2013

Department store J.C. Penney laid off about 2,200 employees in its stores and district offices on Wednesday, according to a report from The Dallas Morning News. These cuts follow another 19,000 employees that have been laid off in the past year since the company began its transformation with Chief Executive Ron Johnson at the helm.

Refund delays, weather dampen comps at TJX, Ross
March 7, 2013

FRAMINGHAM, Mass. and PLEASANTON, Calif. โ€” The TJX Companies and Ross Stores reported comparable-store results that were less than impressive from what the two discount retailers usually deliver. TJX reported that sales for the four-week period ended...

PetSmart Q4 profit up 31%; outlook disappoints
March 7, 2013

Phoenix -- PetSmart Inc. reported a 31% increase in its fiscal fourth-quarter profit, helped by an extra week of sales. But its forecast for this year disappointed investors. The company earned $134 million for the quarter ended Feb. 3, up from $102...

Cato Reports February Same-store Sales Down 3%
March 7, 2013

/PRNewswire/ -- The Cato Corporation (NYSE: CATO) today reported sales for the four weeks ended March 2, 2013 of $84.7 million, a 1% increase over sales of $83.9 million for the four week period ended February 25, 2012. Same-store sales for the month...