FINANCE

99 Cents Only Stores sales up in Q2

BY CSA STAFF

Commerce, Calif. 99 Cents Only Stores said Thursday that its same-store sales grew 2.3% in its second quarter.

The company saw its total sales grow 2.2% to $324.7 million for the quarter ended Sept. 26.

The discounter said the average transaction shrank 1.2% to $9.45.

Eric Schiffer, CEO of 99 Cents Only Stores, said that due to the recession many middle- to upper-income consumers are coming into the stores for the first time for their household needs.

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Staples working to protect the forests

BY CSA STAFF

Staples and Dogwood Alliance are teaming up with other conservation groups, wood products companies and landowners to announce a new project that will protect forests, combat climate change and help develop sources of paper and wood products certified to the high standards of the Forest Stewardship Council, FSC.

The Carbon Canopy is focused on forests in the Southern U.S., the largest paper and wood-producing region in the world where 90% of the forests are privately owned. The Carbon Canopy’s goal is to create financial incentives for landowners to increase forest conservation and restoration efforts and to certify management practices to the high standards of FSC.

Carbon Canopy partners include: Staples, Dogwood Alliance, Columbia Forest Products, Pacific Forest Trust, FSC US, Rainforest Alliance, Green Press Initiative, Domtar, The Home Depot, Environmental Defense, Interface, The Forestland Group and The Keystone Center.

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Target’s dropping the prices on hot toys

BY CSA STAFF

MINNEAPOLIS , Minn. Target is cutting prices on top toys this holiday season.

As of Oct. 1 through the holiday season, a selection of toys will be discounted up to 50%.  Some of these discounted items include Barbie Fashion Doll, GI Joe Tough Troopers Figure and the Fisher-Price Little People Play ‘N Go Farm Set 50th Anniversary edition.  The full assortment of discounted toys can be found online at Target.com/weeklyad.

If Target does not offer the lowest price, Target stores nationwide will match locally advertised prices from other reatilers on identical single items.

For more information on Target and Target’s Low Price Promise, visit Target.com.

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