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Finish Line profit rises, forecast below estimates
March 30, 2012

, 7:40 a.m. EDT By Anne Pallivathuckal Finish Line Inc.'s (NASDAQ:FINL) fiscal fourth-quarter earnings rose 22% as strong digital sales contributed to the athletic outfitter's improved margins. The fortunes of Finish Line and its retailing peer Foot...

Family Dollar to Open 450 to 500 Stores in 2012
March 30, 2012

Matthews, N.C.-based Family Dollar Stores plans to open 450 to 500 stores in fiscal 2012. During the first half of fiscal 2012, Family Dollar opened 184 stores, closed 36 stores and renovated, relocated or expanded 342 stores. The store openings will be partially offset by 80 to 100 store closings. 

NFL Preps First-ever NYC Pop-Up
March 30, 2012

Subscribe to Marketing Daily Tags apparel, retail, social media, sports The National Football League is preparing to throw open the doors to its huge pop-up store on Sixth Avenue and 41st Street. The store, the league's first-ever pop-up venue in New...

Wal-Mart to cut grocery prices by $1 billion
March 30, 2012

Bentonville, Ark. -- Wal-Mart Stores Inc. said Thursday it will reduce prices on groceries by $1 billion in 2012, in hopes to draw customers in and encourage them to cross-shop in other areas of the store. Wal-Mart had $145 billion in grocery sales last year in the United States, making it the largest player in terms of domestic grocery sales. It says the price reductions in food and consumables are an investment and wonโ€™t impact margins especially if shoppers respond as planned with additional traffic and loyalty. Chief merchandising officer Duncan Mac Naughton described the program at an industry

Toys 'R' Us Hits $1B in Web Sales
March 30, 2012

Toys 'R' Us has hit $1 billion in annual Web sales for the fiscal year ending January 28, 2012. E-commerce increased 27.9% from $782 million last year, accounting for 7.2% of total sales. Net sales, however, decreased 9.6% from $167 million to $151 million. "During the year we further invested in and strengthened our omni-channel and Internet capabilities, providing increased speed and multiple ways by which customers can now order and receive products," said Jerry Storch, CEO for Toys 'R' Us in a statement. "We are also pleased with the performance of our international segment, where we are implementing

L.L.Bean and Fenway Park Celebrate 100-Year Anniversaries With Partnership
March 30, 2012

In celebration of their 100th anniversaries this year, outdoor retailer L.L.Bean and Fenway Park are teaming up to celebrate a century of America's favorite outdoor pastime. With events and initiatives throughout 2012, fans will have the opportunity to join in as both L.L.Bean and Fenway Park celebrate this milestone, engaging in activities that pay tribute to "America's Most Beloved Ballpark" and L.L.Bean's 100-year passion and commitment to the outdoors.

Wal-Mart Plans to Reduce Grocery Prices by $1B
March 30, 2012

Wal-Mart will lower grocery prices by $1 billion this year, hoping consumers will come in for the reduced costs and then fan out to other parts of the store. The retailer, the largest grocery retailer by sales in the U.S., is taking the step to continue or increase the progress its U.S. stores began to see in the second half of last year, when U.S. comparable-store sales turned positive.

Cache swings to profit in Q4
March 30, 2012

New York -- Fashion retailer Cache reported Thursday that net income for the fourth quarter ended Dec. 31 was $1.9 million, compared with a loss of $14.2 million the year-ago period. Sales surged 12.5% to $62.9 million, from $55.9 million in the fourth quarter of fiscal 2010. Same-store sales increased 12.4%. Year to date the company has closed 12 underperforming stores and said it expects to close five more stores and open two in fiscal 2

Belk: Fiscal 2012 sales, profit grew in ?one of best years ever? for retailer
March 30, 2012

Charlotte-based Belk, Inc. reported Thursday that its sales and profits grew in fiscal 2012, as the retailer completed its rebranding efforts and remodeled dozens of stores.The department store chain said sales increased to $3.7 billion in fiscal 2012, up 5.3 percent compared to the year before. Profits rose 43.5 percent, to $183.1 million.?Our financial performance last year was one of the strongest ever for Belk,? said CEO Tim Belk, in a statement. ?We are encouraged about the year ahead.? Sales at stores open a year or more, considered a key measure of a retailer?s health, grew 5.5 percent. Belk