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Retail News Breaks Archives

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Week of Mon, Aug 15th, 2011

Dollar Tree sees 2Q sales, earnings rise by double digits

Dollar Tree Inc. reported a 22% increase in net income to $94.9 million as sales climbed 11.9% to $1.54 billion during the second quarter of fiscal 2011.

Top and bottom lines sag at Sears Holdings

Both sales and profits fell at Sears Holdings Corp. during the second quarter as fewer stores in operation, weaker same-store sales and lower gross margins took their toll.

Second-quarter net soars at BJís

Strong sales and margin growth at BJ’s Wholesale Club Inc. propelled net income above both management’s and analysts’ expectations in the second quarter of fiscal 2011.

Target second-quarter profit beats expectations

Target Corp. reported a 3.7% increase in second-quarter net earnings to $704 million, or $1.03 per share, beating the consensus projection of 97 cents per share among analysts.

Walmart profit up in second quarter of fiscal 2012

Walmart’s international division continued to bolster the retailer’s bottom and top line with another strong performance in the second quarter, but ongoing sales weakness at the Walmart U.S. segment reflected unrelenting economic pressure on its customers, executives said.

Walmart promotes merchandising executives

Walmart has named five executives to senior vice president positions within its merchandising organization.

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