Retail News Breaks Archives
Rite Aid Corp. reported its second consecutive quarterly profit and its first annual profit since 2007.
According to the Commerce Department, retail sales decreased 0.4%, the largest decline since June 2012, following a 1% increase in February.
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.
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.
The National Retail Federation (NRF) has launched an educational campaign designed to improve people's perception of the retail industry.
J.C. Penney Co. has dismissed chief executive officer Ron Johnson and appointed his predecessor, Myron Ullman, as his replacement.