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Christopher & Banks’ Income Drops 3%

BY CSA STAFF

Plymouth, Minn. Christopher & Banks said net income fell about 3% to $11.3 million in the first quarter ended May 31. Same-store sales were flat.

The 850-store chain posted a 6.8% increase in total sales to $159.6 million, which it attributed largely to 50 new stores.

Tight inventory controls helped avoid widespread markdowns, and a popular April sales promotion helped avoid a same-store sales decline for the quarter.

CEO Lorna Nagler said in a statement that she doesn’t expect the “difficult retail environment” to improve in coming months.

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Sears boosts holiday offerings

BY CSA STAFF

NEW YORK Sears Holdings will approach the holidays not only with new decorations and gifts, but with new products and brands, too.

Kmart will offer seven decoration and wrapping paper themes in Martha Stewart Everyday, as well as ornaments from Christopher Radko, under the low-priced Celebrations by Radko brand, and with an Elvis theme. In time for holidays, the retailer will launch a line of CosmoGIRL bedding at Sears. This comes as the initial phase of the company’s Canon brand domestics launch begins at Kmart. Sears also will offer a nail driving tool in its Nextec compact, female-oriented line under the Craftsman brand, new treadmills from NordicTrack including the top-of-the-line $1,699 Elite XT, the first to offer a digital ATSC tuner in an integrated television set, and a new color, Chai, in its Kenmore Elite HE5t Steam Team washer and dryer.

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Food Lion to share POS data

BY CSA STAFF

SUNNYVALE, Calif. Food Lion has selected Retail Solutions, a leading solution provider helping consumer product goods companies create value with retailer data, to help share its point-of-sale data with its suppliers.

Using Retail Solutions Demand Signal Management program, Food Lion will be able to share POS information by store and item, as well as by data points at the warehouse level, including shipment and ordering. The information is then automatically converted to the individual supplier’s format, item master and hierarchies, the companies reported.

“We chose Retail Solutions because their offering enables our suppliers to immediately and effectively leverage our data to drive improvements in our joint supply chain,” said Pete Bonneau, vp of efficiency and productivity for Food Lion. “Retail Solutions’ technology and services provide an effective solution to share near real-time data in a way that enables suppliers to take immediate action.”

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