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Mimi’s Cafe names VP finance

BY Katherine Boccaccio

Irvine, Calif. — Mimi’s Cafe said Thursday that Scott Miller has been named VP finance, effective immediately.

Miller most recently was the CFO at El Gallo Giro, a multi-unit taqueria. He also spent 10 years in various financial leadership roles at Carlson Restaurant Inc., with the T.G.I. Friday’s and Pick Up Stix brands.

Mimi’s Cafe was recently acquired by Le Duff America , parent to the Bruegger’s Bagels and la Madeleine banners, and has 145 locations in 24 states.

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March retail sales in U.K. drop more than forecast

BY Katherine Boccaccio

London — A Thursday report by Bloomberg said that retail sales in the U.K. fell a more-than-expected 0.8% (excluding fuel) in March compared to February, impacted by unseasonably cold weather and a still-sluggish economy.

Sales in February increased 2.1%.

“The outlook for household demand remains weak,” Simon Hayes, an economist at Barclays Plc in London, told Bloomberg. “It is hard to see a sustained recovery taking hold until the caution around household income prospects lifts.”

Sales at food stores rose 0.9% in March, apparel and footwear declined 3.1%, while household goods plunged 6.2%, led by a drop in demand for electrical appliances and hardware materials.

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Apr-18-2013 03:55 pm

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Apr-18-2013 03:55 pm

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Sherwin-Williams Q1 profit up; 70- to 80 stores on tap for 2013

BY Ken Clark

New York — Sherwin-Williams Co. reported a sales increase of 1.4% in the first quarter ended March 31, thanks to higher volume in the Paint Stores Group. The company expects to open 70 to 80 paint stores in 2013.
Net income increased 16% to $116.2 million.

The company’s consolidated net sales increased 1.4% to $2.17 billion. The Paint Stores Group saw sales increase 4.0% to $1.17 billion in the quarter. The company pointed to higher architectural paint sales volume across all end-market segments. Comp-store sales for paint stores increased 3.2%.

Paint Stores Group segment profit increased to $129.7 million in the quarter from $112.7 million last year.

"We continued to invest in our business by opening nine net new locations in the Paint Stores Group," said Christopher Connor, chairman and CEO.

Sherwin-Williams operates more than 4,100 company-owned stores and manufactures paint brands such as Sherwin-Williams, Dutch Boy, Krylon, Minwax and Thompson’s Water Seal.

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