Big Lots Inc. beat Wall Street predictions for profit and revenue with a solid performance in the first quarter of fiscal 2015. Improved gross margin helped Big Lots increase net income by a factor of roughly 10, to $32.21 million from $3.35 million the same period a year earlier.
Dollar Tree on Friday announced it had reached an agreement to sell private equity firm Sycamore Partners a divestiture package of 330 Family Dollar Stores locations, with the deal contingent on the completion of Dollar Tree’s pending acquisition of Family Dollar.
Bentonville, Ark. -- Walmart and the attorney for comedian/actor Tracy Morgan have reached a settlement agreement, ending a civil lawsuit related to a crash on the New Jersey Turnpike last June. The terms and conditions of the settlement with Morgan and the other plaintiffs remain confidential.
Walmart announced the next step in its Veterans Welcome Home Commitment by guaranteeing a job offer to any eligible U.S. veteran honorably discharged from active duty since the commitment’s original launch on Memorial Day 2013.
Declining gas prices helped U.S. same-store sales at Wal-Mart Stores Inc., but the negative impact of foreign currency exchange and efforts to improve store experience and employee wages dampened total sales and operating profits.
Target has informed established CPG companies including Campbell Soup, Kraft, General Mills and Kellogg Co. that it will promote their brands less to place more emphasis on brands that meet the changing preferences of modern consumers.
Target Corp. is selling its Target Commercial Interiors (TCI) subsidiary, which provides office furnishings and related services for business and commercial clients, to Minneapolis-based Omni Workspace Company, commonly known as A&M Business Interior Services.
Walmart Canada has reached agreements to acquire one distribution center, 12 store leases and one owned property formerly held by Target Canada, for an aggregate of approximately $165 million Canadian ($136.3 million).