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Retail News Breaks Archives

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Week of Mon, Mar 4th, 2013

Target fourth-quarter earnings beat expectations

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 finishes 2012 on strong note

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.

Full-year profit slips at Big Lots

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.

Rouleau named to head Tuesday Morning

Michael Rouleau has been named interim chief executive officer of Tuesday Morning Corp.

Dach announces plans to leave Walmart

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 announces first wave of executive changes

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.

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