It has been a rough couple years for retailers, and no segment has been hit harder than office products, which has suffered a double whammy from the downturn in consumer and business spending.
Chico’s FAS reported Wednesday that its profit for the second quarter surged 42% to $43.4 million, up from $30.5 million a year earlier.
Privately owned Albertsons LLC, which operates more than 200 pharmacies across six states, has named Stewart Edington VP pharmacy operations.
eBay announced that it has completed its previously announced acquisition of Magento Inc., the creators of Magento, a leading open source e-commerce platform.
Target reported second quarter earnings per share of $1.03 that beat analysts’ estimates by a nickel, and the company elevated its full year profit forecast amid ongoing success of key initiatives.
Strong performances in key categories and higher gas profitability helped BJ’s Wholesale Club exceed its earnings guidance for the second quarter.
The U.S. Environmental Protection Agency has awarded two Food Lion stores its 2011 gold-level GreenChill store certification award.
Kroger announced that two of its Smith's stores in Albuquerque, N.M., have installed photovoltaic energy panels.
Gap’s Old Navy unit rolled out more than 1,000 sports-oriented store-within-stores Tuesday, selling branded goods of more than 70 Division I schools, as well as National Football League teams.
Urban Outfitters, which caters to a clientele with a unique and forward-looking approach to fashion and lifestyle merchandise, missed the mark during the second quarter, reporting a 21% profit decline and a same-store sales slip of 2%.