FINANCE

PetSmart Q4 profit surges 13%

BY Katherine Boccaccio

Phoenix — PetSmart Inc. reported Thursday that profit for the fourth quarter rose 13% to $102 million, compared with $90.3 million in the year-ago period.

Revenue during the quarter was $1.64 billion, up from $1.52 billion a year earlier and beating Wall Street’s expected $1.62 billion in revenue. Same-store sales rose 5.5%.

For the full year of 2011, the company reported net income of $290.2 million, up from $239.9 million in 2010. Revenue for the year was $6.11 billion, up from $5.69 billion the year before.

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FINANCE

Wal-Mart boosts annual dividend 9%

BY Staff Writer

Bentonville, Ark. — Wal-Mart Stores Inc. said Thursday it is continuing its annual tradition of increasing shareholder payout by raising its dividend by 9%.

Wal-Mart will pay a quarterly dividend of 39.75 cents on April 4 to shareholders of record on March 12. That works out to $1.59 per share for the year. The company has increased its dividend every year since its first declared dividend in March 1974.

According to Wal-Mart president and CEO Mike Duke, the company’s U.S. business is back on track, and international results remain strong.

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Cache to improve e-commerce, introduce mobile commerce

BY Katherine Boccaccio

New York City — Women’s apparel retailer Cache Inc. said Thursday that it has partnered with e-commerce solution provider FiftyOne Global Ecommerce to facilitate international sales and shipments to more than 100 countries, beginning in fall 2012.

Cache said it also plans to further enhance its Web offering with a spring 2012 launch of its mobile website. The site will feature the brand image and product offering of Cache.com and is optimized for Web-enabled mobile devices to ease navigation and transactions. The mobile site will be powered by Usablenet, a leader for mobile and multichannel customer engagement.

“We are very excited to partner with FiftyOne and capitalize on the strong appeal of our brand outside the U.S. Currently, 10% of our online visits are from international consumers,” said Thomas Reinckens, chairman and CEO at Cache.

FiftyOne’s end-to-end solution enables Cache to transact across borders in every corner of the globe.

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Jan-16-2013 12:42 pm

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S.Jhon says:
Jan-16-2013 12:42 pm

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