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Columbus, Ohio -- A Wednesday report by Bloomberg said that Limited Brands’ Victoria’s Secret banner would open its first stores in Hong Kong this year. On the boards are two 1,500-sq.-ft. Victoria’s Secret shops at the International Finance Centre in...

NEW YORK — Saks reported that sales for the fourth quarter were up 5.6% over the same period last year. Same-store sales were up 0.7% for the period. For the fourth quarter Saks recorded net income of $20.4 million, or 13 cents per diluted share,...

Teen retailer Abercrombie & Fitch said Friday it plans to close 40 to 50 of its U.S. stores this year as the company's shares took a nosedive following lukewarm sales over the holiday shopping season, a crucial time for retail chains. Comparable store sales at Abercrombie's U.S. stores fell 1 percent in the fourth quarter, furthering previous declines in the company's selling power.

Best Buy announced it's cutting 400 jobs at its headquarters as part of its “Renew Blue” transformation efforts. The job reductions are part of a move to save $150 million in selling, general and administrative costs. The cuts are the first phase of the larger cost-cutting plan that new CEO Hubert Joly announced at an investor and analyst meeting last November.

New Albany, Ohio -- Abercrombie & Fitch Co. announced the promotion of Amy Zehrer to the position of EVP stores, from SVP, effective immediately. Zehrer has been with Abercrombie & Fitch since 1992; she joined as a manager-in-training at the brand’s...

North Bergen, N.J. -- Vitamin Shoppe Inc. said Tuesday its fourth-quarter net income rose 3% to $9.7 million, up from $9.4 million in the year-ago period. Revenue rose 2% in the quarter ended Dec. 29, to $218.9 million from $214.9 million. Same-store...

ANN ARBOR, Mich., Feb. 26, 2013 /PRNewswire/ -- According to the American Customer Satisfaction Index's (ACSI) annual E-Commerce Report, produced in partnership with customer experience analytics firm ForeSee, customer satisfaction with e-commerce...

Fourth quarter same store sales at The Home Depot advanced 7% and profits swelled 29% to $1 billion, or 68 cents, compared to profits of $774 million or 50 cents a share the prior year. The world's largest home improvement retailer reported sales of...

J.C. Penney experienced a seismic shift on corporate culture when CEO Ron Johnson took the helm of the company more than a year ago. The new guard didn't like J.C. Penney's old way of doing things at headquarters. Not one bit. Dana Mattioli at The Wall Street Journal spoke with J.C. Penney Chief Operating Officer Michael Kramer about the company's culture and the mass layoffs at the company's headquarters. He's one of the execs brought in by Johnson, who he'd previously worked with at Apple.

Fort Worth, Texas -- RadioShack Corp. reported a greater-than-expected net loss of $63.3 million in the fourth quarter ended Dec. 31, compared with a profit of $11.9 million a year earlier. Total sales edged down to $1.3 billion compared to $1.39...