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Birmingham, Ala. -- Hibbett Sports Inc. reported Friday that profit for the quarter ended Jan. 28 jumped 27% to $15.8 million, compared with $12.5 million in the year-ago period. Revenue increased 10% to $190.7 million from $173.2 million, missing Wall Street’s expected $192.2 million in revenue. Same-store sales rose 7.2%. For the full year, Hibbett reported net income of $59.1 million, up from $46.4 million last year. Revenue rose to $732.6 million, from $665 million. The sporting goods retailer said it plans to open 55 to 60 new stores in fiscal 2013, to expand 15 high-performing stores and close

Minneapolis -- Best Buy Co. said Friday it has named Stephen Gillett as executive VP and president of Best Buy Digital and Global Business Services, effective March 14. Gillett was previously executive VP Digital Ventures, and chief information officer at Starbucks, charged with leading the company’s efforts to enhance the overall global business operations and improve the customer experience through the use of innovative technology and digital experiences worldwide. In the newly created position at Best Buy, Gillett is tasked with accelerating the transformation and growth of Best Buy through the advancement of the company’s global digital strategy, digital

Leading High Street retailer Marks & Spencer has announced that it will be supporting the Marine Conservation Society in cleaning up British beaches this spring. The first-ever Marks & Spencer Big British Cleanup will take place between May 11 and May 13 at 50 locations around the country. 

With the launch of the third generation iPad, current owners will be tempted to trade in their old generation iPads for the newer model. eBay announced a promotion in which consumers can lock in top-dollar values for tablet trade-ins, including up to $475 for the iPad 2.

From electronic information kiosks to full-service menus, the iPad is increasingly ingratiating itself with in-store retail experiences. The latest of these comes from designer Joseph Abboud, who released an iPad app this week that enables shoppers to order made-to-measure suits from Joseph Abboud stores at Nordstrom.

Later this month, Target will complete remodels at more than 100 of its general merchandise stores where, beginning March 25, the retailer will offer a full selection of affordable and quality fresh foods.

Everett, Wash. -- Teen retailer Zumiez Inc. reported Thursday that profit for the fourth quarter increased 24.9% to $18.7 million, from $15 million a year earlier, boosted by better margins. Revenue rose 18% to $183.9 million, edging Wall Street’s expected $183 million in revenue. The company has now surpassed analyst estimates for four quarters in a row.

Marni for H&M has officially hit 260 H&M stores worldwide. While the line has reportedly not sold out just yet, some of the items have already started appearing on eBay, well over the H&M price point.

Wal-Mart's heavily promoted sustainability initiatives have done more to improve the company's image than to help the environment, according to research by the nonprofit Institute for Local Self-Reliance.

Jacksonville, Fla. -- Apparel retailer Body Central Corp. reported Thursday that net income for the fourth quarter more than doubled to $6.1 million, compared with $2.7 million a year earlier. Revenue surged 20% to $80.7 million, edging Wall Street’s expected $80.5 million in revenue. For the year, net income more than doubled to $19.7 million from $9.8 million, and revenue rose 22% to $29.7 million.