Retail News Breaks Archives
Although Target Corp.’s fourth-quarter profits suffered from a disappointing holiday season, adjusted results exceeded analysts’ estimates. Reported net income fell 2% to $961 million, or $1.47 per diluted share.
Kroger Co. wrapped up fiscal 2012 with a larger-than-expected fourth-quarter profit, while full-year reported earnings rose by more than 140% to $1.5 billion.
Big Lots Inc.'s full-year earnings fell despite a rise in sales. The company’s earnings for the year ended February 2 were $177.1 million, or $2.93 per share, down from $207.1 million or $2.98 per share.
Michael Rouleau has been named interim chief executive officer of Tuesday Morning Corp.
Walmart executive vice president of corporate affairs Leslie Dach said today that he will step down in June after seven years with the company.
Supervalu Inc. has revealed the first changes to be made in its leadership ranks since Sam Duncan took the reins as president and chief executive officer last month.