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Retail News Breaks Archives

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Week of Mon, May 19th, 2014

Dollar Tree reports strong sales in Q1

Dollar Tree Inc. said fiscal first quarter profit rose 3.6% to $138.3 million, or 67 cents per share, from $133.5 million, or 59 cents per share, a year ago.

Sears’ losses deepen in first quarter

Sears Holdings Corp. said it lost $402 million, or $3.79 per share, in its fiscal first quarter, compared to a loss of $279 million, or $2.63 per share, a year ago.

Target reports drop in Q1 earnings

Target Corp. said profits fell 16% in its fiscal first quarter as sales at U.S. stores open at least a year declined by 0.3%. The company sharply lowered guidance for its full-year financial results.

Hart promoted to president, CEO of KPH Healthcare Services

Bridget-ann Hart has been promoted to president and chief executive officer of KPH Healthcare Services Inc., formerly Kinney Drugs.

Walmart China plans to open 30 stores this year

Walmart China on Tuesday announced plans to open 30 new stores this year, remodel 55 established stores and add distribution centers as it enhances operations in the world’s most populous nation.

Target shifts executive ranks in Canada and U.S.

Target Corp. announced a number of management changes on Tuesday, including the firing of the head of its Canadian operations, as the discount retailer continues its leadership shakeup.

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