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J.C. Penney to Celebrate Black Friday With its ‘Only Sale’ of the Year
November 13, 2012

J.C. Penney announced it will celebrate Black Friday with its only sale of the year. The retailer said more than 1,100 J.C. Penney stores will open their doors at 6 a.m. on Black Friday to offer low prices on gifts for the entire family — with no coupons or rebates required. Associates throughout the store will be equipped with mobile checkout devices.

Saks reports Q3 profit growth
November 13, 2012

New York -- Saks Inc. reported Tuesday that net income for the third quarter climbed 27.2% to $22.6 million, compared with $17.8 million in the same period last year. Results surpassed analysts’ expectations. Revenue edged up 3% to $713.2 million,...

Dick's Sporting Goods profit jumps 21% in Q3
November 13, 2012

Pittsburgh -- Dick's Sporting Goods reported Tuesday that net income for the quarter ended Oct. 27 surged 21% to $50.1 million, compared with $41.5 million in the same period last year. The retailer cited strong online sales for the improved performance....

Home Depot Profit Tops Estimates as Housing Market Heals
November 13, 2012

Home Depot Inc. (HD), the largest U.S. home-improvement retailer, posted third-quarter profit that topped analysts’ estimates as the recovering U.S. housing market prompted customers to spend more on home repairs. Net income climbed 1.4 percent to $947...

Lacoste Acquired by Swiss Group
November 13, 2012

E-Mail This StoryPrinter-Friendly Format SportsOneSource Media Posted: 11/13/2012 Lacoste, the French sportswear company, has been purchased by Maus Frères, the Swiss company. According to a Wall Street Journal report, the move comes following a...

TJX Q3 profit rises
November 13, 2012

Framingham, Mass. -- TJX Cos. reported Tuesday that net income for the quarter ended Oct. 27 rose to $461.5 million, from $406.5 million last year. Sales rose 10.7% to $6.41 billion; same-store sales climbed 7%. The parent to T.J. Maxx and Marshalls...

Macy's Pressured to Dump Donald Trump Over His Views on Obama and ‘Sexist’ Comments
November 13, 2012

More than 400,000 people have signed a petition asking Macy's to sever its ties with Donald Trump, in part over his public skepticism about President Obama's birthplace. The petition on SignOn.org says Macy's should also break with Trump over his "sexist" comments about women's looks and other "unpleasant, nasty and despicable behavior." "Donald Trump does not reflect the ‘magic of Macy's.’ We urge you to sever ties with him," the petition reads. The petition was created by Angelo Carusone, who previously campaigned against Glenn Beck.

Sales and retail expansion increase profit at Dick's Sporting Goods
November 13, 2012

Dick's Sporting Goods Inc. beat analysts' expectations in the third quarter, posting a profit of $50.1 million, up from $41.5 million in the same period a year earlier. The Findlay retailer credited both a 5.1 percent increase in sales at its established...

American Apparel SeesQ3 Loss Grow
November 13, 2012

Stronger sales were insufficient to offset higher interest expense and accounting items as American Apparel Inc. more than doubled losses in the third quarter. In the three months ended...