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AutoZone achieves major milestone
August 15, 2012

Friday promises to be a big day in Wasilla, Alaska, as the town receives the distinction of being the location of the 5,000th AutoZone store. A presentation and ribbon cutting ceremony to be held Friday afternoon will be attended by U.S. Senator Lisa...

PetSmart profit soars 31% in Q2
August 15, 2012

Phoenix -- PetSmart reported Wednesday that net income for the second quarter surged 31% to $79 million, from $61 million in the year-ago period. Sales advanced 9% to $1.6 billion, and same-store sales grew 7.0%. “Our performance in the second quarter...

Staples Q2 profit tumbles 32% on weak North American sales
August 15, 2012

Framingham, Mass. -- Staples reported Wednesday that profit for the quarter ended July 28 plummeted 32% to $120.4 million from $176.4 million, prompting the office supply retailer to cut its full-year guidance. Soft sales and slowed traffic in North...

Cabela's Sees Profit Boost Adding Retail Stores
August 14, 2012

Outdoor equipment retailer Cabela's has seen a big payoff from upping its brick-and-mortar presence and moving away from its roots as a cataloger. While Cabela's traces its roots to selling outdoor gear via its iconic catalog, its growing base of retail stores have become popular destinations for outdoor enthusiasts looking to stock up on hunting, fishing, camping and related gear. It's not unusual for thousands of consumers to line up hours before Cabela's opens the doors to a new store for the first time, says Chief Financial Officer Ralph Castner.

Kohl's Ups CapEx IT Spending, E-Commerce Sales Increased to $488M
August 14, 2012

Kohl's is embracing the digital revolution as best it can. From e-commerce sales to CapEx IT spending, the retailer is increasing its numbers. For the quarter ended June 30, 2012 e-commerce sales increased 39% over the second quarter of 2011 to $237...

Wal-Mart gains approval to proceed with China e-commerce expansion
August 14, 2012

Bentonville, Ark. -- Wal-Mart Stores Inc. indicated Tuesday it has received the OK from Chinese regulators to move forward with its majority stake in e-commerce company Yihaodian. According to a report by Wall Street Journal, which cited a Wal-Mart...

Lawmakers suspect money laundering issues at Wal-Mart
August 14, 2012

WASHINGTON (Reuters) - Two U.S. House Democrats investigating bribery allegations in Wal-Mart's Mexico affiliate said on Tuesday they have obtained new internal records that may point to evidence of tax evasion and money laundering. Reps. Elijah Cummings...

Horchow Names Sally Horchow Lifestyle Director
August 14, 2012

Share This Story DALLAS, Aug. 14, 2012 /PRNewswire/ -- Horchow announced today that Sally Horchow, 42, will be joining the company as the brand's Lifestyle Director. Founded by Roger Horchow in 1973, The Horchow Collection was the first luxury mail-order...

Report: Sears considering sale of Lands End
August 14, 2012

New York City -- The New York Post reported Tuesday that Sears Holdings Corp. may be mulling over a sale of its Lands End unit. The move would dovetail with the massive restructuring effort the company has launched. According to the report, chairman...