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Retail News Breaks Archives

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Week of Mon, Apr 8th, 2013

Rite Aid posts first annual profit since 2007

Rite Aid Corp. reported its second consecutive quarterly profit and its first annual profit since 2007.

March sales drop by most in nine months

According to the Commerce Department, retail sales decreased 0.4%, the largest decline since June 2012, following a 1% increase in February.

RILA opts out of proposed swipe fee settlement

The Retail Industry Leaders Association (RILA) has decided to drop out of and object to the proposed swipe fee class action settlement with Visa and MasterCard.

Family Dollar profit misses analystsí target

Net income for the second quarter of fiscal 2013 rose 2.7% to $140.1 million, or $1.21 per diluted share, as sales surged 17.7% to $2.89 billion.

NRF launches "This is Retail" campaign

The National Retail Federation (NRF) has launched an educational campaign designed to improve people's perception of the retail industry.

Penney's CEO Johnson fired

J.C. Penney Co. has dismissed chief executive officer Ron Johnson and appointed his predecessor, Myron Ullman, as his replacement.

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