REAL ESTATE

99 Cents Only launches search for Rodeo Drive store site

BY Katherine Boccaccio

Commerce, Calif. — Discounter 99 Cents Only said Tuesday it has launched an official search for a retail property on Rodeo Drive in Beverly Hills, Calif., to open its first store on the iconic street.

"We are confident a Rodeo Drive store will be successful because our stores do well in affluent areas,” said Eric Schiffer, CEO. “In fact, our highest sales volume store is located only a few blocks from Beverly Hills on Wilshire Boulevard.”

Of its 303 extreme-value stores in the U.S., 222 are in California.

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News

Duncan Hines introduces limited-edition Frosting Creations flavor mixes

BY CSA STAFF

PARSIPPANY, N.J. — Duncan Hines has introduced limited-edition flavors under its Frosting Creations line.

Evoking traditional, nostalgic holiday flavors and aromas, Duncan Hines already has introduced apple pie and pumpkin spice flavors to the market, followed by the debut of peppermint stick and gingerbread flavor mixes on Nov. 1.

"Leaves are changing, the air is cooling and passionate bakers are preparing their holiday menus and dessert gift baskets — only this year they have a secret seasonal weapon at their disposal," said Joe DiPaolo, corporate pastry chef for Duncan Hines. "Our limited-edition Duncan Hines Frosting Creations flavors exude the essence of holiday, reminding us of fall apple picking and the magic of the winter holidays that makes us all feel like kids again."

Duncan Hines Frosting Creations are available at retailers nationwide.

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FINANCE

Destination Maternity Q4 sales slip, but beat Street

BY Katherine Boccaccio

Philadelphia — Destination Maternity reported Tuesday that revenue for the fourth quarter dipped less than 1% to $128.5 million, but edged Wall Street’s expected $128.4 million in revenue for the period. Same-store sales climbed 2.7%.

The retailer, whose brands include A Pea in the Pod, Motherhood Maternity and namesake stores, said the revenue dip in the fourth quarter was due largely to the closure of underperforming stores and that it expects quarterly earnings to exceed guidance.

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