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February 28, 2013

Fourth quarter operating profits at Sear’s Holdings on an adjusted basis improved. 22% and same store sales at Sears flagship stores turned modestly positive.

Fourth quarter operating profits at Sear’s Holdings on an adjusted basis improved. 22% and same store sales at Sears flagship stores turned modestly positive.

November 29, 2012

A worse than expected 1% decline in November same store sales indicates the holiday season is off to a slow start at Target.

A worse than expected 1% decline in November same store sales indicates the holiday season is off to a slow start at Target.

The 1% decline was substantially worse than the low single digit increase the company forecast at the start of the month when it reported a 2.4% increase for October that was toward the low end of guidance. The November weakness suggest traffic trends may be deteriorating at Target as the company said blamed the decline on a decrease in comparable store transactions following that metric’s flat performance in October.

August 2, 2012

July same-store sales at Target increased 3.1%, inline with the company’s guidance.

MINNEAPOLIS — July same-store sales at Target increased 3.1%, in line with the company’s guidance.

Target credited an increase in average transaction size as the primary driver of a 3.1% same-store sales increase during the July reporting period. An increase in the number of transactions also contributed to a 3.1% gain that was in-line with the company’s guidance for a low to mid single digit increase on top of a July 2011 increase of 4.1%.

January 3, 2012

Sears Holdings hired Ron Boire as EVP and chief merchandising officer. Boire, who previously was president and CEO of Brookstone, will lead merchandising and retail stores for both the Sears and Kmart brands.

HOFFMAN ESTATES, Ill. — Sears Holdings hired Ron Boire as EVP and chief merchandising officer. Boire, who previously was president and CEO of Brookstone, will lead merchandising and retail stores for both the Sears and Kmart brands.  

He will work with our leadership team to better serve our customers and Shop Your Way Rewards Members by integrating their experiences across our stores, online, services, and mobile capabilities, the company said.

March 3, 2011

February same-store sales at Target advanced 1.8%, thanks to the addition of fresh food and consumables that are part of an aggressive remodeling program causing more people to shop its stores.

MINNEAPOLIS — February same-store sales at Target advanced 1.8%, thanks to the addition of fresh food and consumables that are part of an aggressive remodeling program causing more people to shop its stores. The company said more than half of its February same store-sales gain was driven by an increase in transactions combined with a small increase in the average transaction size. The 1.8% gain comes on top of a 2.4% increase in February 2010.

February 24, 2011

Sears Holdings named Lou D’Ambrosio its new CEO in conjunction with the release of fourth-quarter results that sales and profits decline, as a 2.5% same-store sales increase at Kmart was not enough to offset a 4.5% comp decline as Sear’s flagship stores.

Sears Holdings named Lou D’Ambrosio its new CEO in conjunction with the release of fourth-quarter results that sales and profits decline, as a 2.5% same-store sales increase at Kmart was not enough to offset a 4.5% comp decline at Sear’s flagship stores.

February 22, 2011

J.C. Penney said Tuesday it has introduced a new logo, designed to symbolize the retailer’s transformation to a more updated and relevant destination.

Plano, Texas -- J.C. Penney said Tuesday it has introduced a new logo, designed to symbolize the retailer’s transformation to a more updated and relevant destination.

The new logo emphasizes a new, lowercase “jcp” by positioning it slightly off-centered in a red box while still featuring the company's signature red color. It was designed by Luke Langhus, a third-year graphic design student at the University of Cincinnati.

February 3, 2011

MINNEAPOLIS — Target said that although its comparable-store sales were below expectations in the South and Northeast, the company believes overall sales will be driven by two of its recent initiatives.

Target chairman, president and CEO, Gregg Steinhafel, said that while the company "expects the economy to remain challenging, Target's PFresh remodel program and REDcard Rewards 5% savings program continue to operate in line with expectations."

January 28, 2011

Borders Group has secured a $550 million financial lifeline from GE Capital that will enable it to maintain operations, but there are plenty of strings attached, which stands to reason given GE has put half a billion dollar at risk.

Borders Group has secured a $550 million financial lifeline from GE Capital that will enable it to maintain operations, but there are plenty of strings attached, which stands to reason given GE has put half a billion dollar at risk.

January 10, 2011

Despite December’s sales weakness, Target chairman, president and CEO Gregg Steinhafel confirmed the company’s fourth-quarter same-store sales forecast in the range of 2% to 4% and said January comps would be in the low- to mid-single digits. He also affirmed the fourth-quarter profit forecast by noting that the current median First Call estimate of $1.40 for Target’s fourth-quarter earnings per share is a reasonable estimate within a range of possible outcomes, as favorability in the corporation’s credit card segment performance and income tax rate are expected to offset a slight decline in its retail segment EBITDA margin rate.

Despite December’s sales weakness, Target chairman, president and CEO Gregg Steinhafel confirmed the company’s fourth-quarter same-store sales forecast in the range of 2% to 4% and said January comps would be in the low- to mid-single digits.

December 1, 2010

Same-store sales surged 5.5% at Target during November, exceeding the company’s guidance and analysts’ expectations...