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Video game retailer GameStop reported that profit for the quarter ended Jan. 28 dropped 27 percent to $174.7 million from $237.8 million in the year-ago period. Adjusted profit, however, matched predictions, as results included $64.6 million in asset impairment and restructuring charges. 

After a fire in 2010 at a Bangladesh factory that manufactured Tommy Hilfiger garments killed 29 workers, Tommy Hilfiger recently assured ABC News that his company no longer uses those unsafe factories.

Goodlettsville, Tenn.-based Dollar General Corp. plans to open approximately 625 new stores, including 40 Dollar General Market stores, in 2012. The company also plans to remodel or relocate a total of approximately 550 stores. Square footage is expected to increase by about 7 percent. Approximately 80 stores are expected to open in new markets, including California, Nevada, Connecticut, Massachusetts and New Hampshire. In 2011, the company opened 625 new stores, and remodeled or relocated 575 stores. As of Feb. 3, Dollar General operated 9,937 stores in 38 states. SAVE | EMAIL | PRINT | MOST POPULAR | RSS

Kohl's will start selling an exclusive "American Idol" clothing line in April, the department store said. The collection, called Authentic Icon, will be available in stores through June to coincide with the 11th season of the show. 

Abercrombie & Fitch has had plenty of scandals on its hands, but luckily this isn't one of them. Yesterday, the retailer and plenty of internet users endured a brief freakout when a screenshot of a racist description of a pair of pants appeared on the web, ostensibly being sold on Abercrombie.com.

SHARE: Email Print LinkedIn Facebook Twitter Ikea Canada next month plans to open a new store boasting numerous environmental features including a geothermal installation, rainwater harvesting and solar power. Scheduled to open April 25, the Richmond, Canada location also features one tree planted for every six parking spaces, and the rooftop of the store will have an edible garden according to a report by World interior Design Network (WIDN). To facilitate rainwater reclamation, Ikea installed pavement with a permeable surface. Other environmental elements include a highly reflective rooftop to reduce solar heat absorption in the summer, LED lighting, 76

Columbus, Ohio -- The Limited on Friday will open a 4,300-sq.-ft. store in Westfield Galleria Mall, Roseville, Calif., one of four new locations the chain will open this year in California. The women’s apparel retailer is also completely remodeling a fifth, representing 21,000 gross sq. ft. of new retail space in the Golden State. "California is an important market for The Limited, ranking in the top 10 in the country," said Linda Heasley, CEO, The Limited. "With the opening of these new stores, we are expanding our footprint in the state by 30% and enhancing the shopping experience for

Ross Stores agreed to pay about $17,000 to resolve allegations it discriminated against foreigners during its hiring process, the Justice Department said. Management at a San Ysidro, Calif. store was accused of improperly requiring a job applicant to provide the company with a green card even though she was cleared to work in the U.S. and had provided a valid alternate form of ID.

Best Buy said that the U.S. District Court has dismissed putative securities fraud class actions against the retailer and three of its officers. With regard to the class-action lawsuit filed last year, the court dismissed all counts for lack of substantiation. "We have maintained since the beginning of this case that the allegations are wholly without merit," said Keith Nelsen, executive vice president and general counsel for Best Buy. "We are pleased that the court’s decision has vindicated Best Buy and its officers of the unfounded accusations in the plaintiffs' complaint."

Old Navy was recently forced to send out a recall for a Spider-Man rain jacket containing lead. The email requested that customers return the jackets, which were sold online in the U.S. and in Canada in January, for a full refund.