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Dollarama has strong Q4, fiscal 2013

BY Dan Berthiaume

Montreal – Dollarama Inc. reported an increase in sales, net earnings and same-store sales for the fourth quarter and fiscal year 2014, compared to the same periods in the prior year. During the fourth quarter, net earnings rose 8% to $83 million from $77.1 million.

Meanwhile, sales rose 4% to $582.3 million from $561.9 million and same-store sales grew 1.1%. The addition of 89 net new stores, increases in same-store sales and average transaction size helped drive overall sales growth.

During the fiscal year, net income rose 13% to $250.1 million, from $221 million. Sales grew 11% to $2.06 billion, from $1.85 billion. Same-store sales increased 3.8%.

"Fourth quarter and full-year financial results came out strong despite the adverse impact of severe weather conditions on store traffic, particularly in December, during our peak sales period,” said Larry Rossy, chairman and CEO of Dollarama. “While not as severe, weather conditions did remain challenging for the remainder of the winter season.”

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Crocs details energy savings

BY Dan Berthiaume

Niwot, Colo. — Crocs Inc. has opened its first LEED (Leadership in Energy and Environmental Design)-certified store, in Syracuse, N.Y. As detailed in Crocs’ new 2013 sustainability report, the store is certified at the LEED Silver level and features a high-efficiency LED lighting system and low-VOC and sustainable building materials.

In addition, Crocs switched 70% of its global store locations to LED lighting leading to major reductions in energy use and a reduction in lighting costs. Other sustainability improvements the company achieved in 2013 include an 18.5% reduction in volatile organic compounds per pair of shoes made.

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VeriFone plans new mobile payments terminal

BY Dan Berthiaume

San Jose, Calif. — VeriFone Systems Inc. plans to release the VX 690, a handheld EMV-capable payment terminal featuring Bluetooth, 3G radio and Wi-Fi connectivity for fast transactions and flexible payment capabilities, in late 2014. The terminal is PCI PTS 3.0 compliant and features built-in security protection that includes end-to-end encryption to protect data at every point of the transaction.

Its built-in functionality includes a 3.5-inch capacitive touch display that allows merchants to enable commerce with marketing messages via video streaming and audio capabilities, single micro-USB connector, EMV capability for supporting PIN, signature, and no Cardholder Verification Method (CVM), NFC capability to support contactless and mobile wallet transactions, Bluetooth Low Energy (BLE) support, and peripheral capability for potential future expansion, including biometric scanner/bar code reader.

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