FINANCE

Barnes & Noble: Holiday comp sales rise 9.7%

BY CSA STAFF

New York City — Barnes & Noble reported a preliminary same-store sales increase of 9.7% for the nine-week period ended on Jan. 1, led by the popularity of its Nook e-readers (the figure includes Nook devices sold in stores but not on its website). Last week, Barnes & Noble said the Nook had become its best-selling single item ever.

Barnes & Noble, which put itself up for sale in August, introduced the Nook in 2009 in a bid to compete with Amazon.com’s market-leading Kindle and win a share of the growing digital books market.

Barnes & Noble also said it set a company retail sales record on Dec. 23. The retailer said it would release more detailed sales figures on Thursday.

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News

DemandTec acquires assets of applied intelligence solutions

BY CSA STAFF

San Mateo, Calif. — DemandTec, the collaborative optimization network for retailers and consumer products companies, announced that it has acquired substantially all of the assets of Applied Intelligence Solutions, LLC (AIS), a developer of intelligent software solutions for the retail enterprise with a specific focus on softline retailers.

With this transaction, DemandTec has secured intellectual property applying complex pattern recognition techniques to softline and other short lifecycle retail categories. Additionally, the transaction brings to DemandTec industry expertise in software application development for retail softlines.

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OPERATIONS

Dollar General to open 625 stores, add 6,000 jobs in 2011

BY CSA STAFF

Goodlettsville, Tenn. — Building on its plans to open 625 new stores in fiscal 2011, Dollar General Corp. announced that it will create 6,000 new jobs. The new stores and jobs will be spread among Dollar General’s existing 35-state operating area, as well as three new states: Connecticut, Nevada and New Hampshire.

In addition to 625 new stores, the company plans to remodel or relocate 550 stores.

The anticipated jobs follow two years of positive job growth for the company. From 2009 — 2011, the company will have created more than 15,000 new jobs.

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