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Report: Harris Teeter considering sale

BY Katherine Boccaccio

New York — A Tuesday report by the Wall Street Journal said that Harris Teeter Supermarkets is considering putting itself up for sale.

Citing unnamed sources, WSJ reported that the grocer is working with J.P. Morgan Chase & Co. to pursue strategic options.

No one from Harris Teeter has commented yet.

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Michael Kors profit dips in Q3; nearly doubles full-year forecast

BY Katherine Boccaccio

New York — Michael Kors Holdings Ltd. reported Tuesday that profit for the quarter ended Dec. 29 decreased to $636.8 million, compared with $373.6 million in the year-ago period.

However, the designer and retailer forecasted fiscal 2013 profit at more than double its year-earlier performance.

Revenue surged 70% in the third quarter, fueled by strength in the accessories category, and the company predicts that fiscal 2013 sales will leap 62%.

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Lowe’s, Rebuilding Together partner to repair Phoenix homes

BY CSA STAFF

Rebuilding Together has teamed up with Lowe’s through its Community Partners program to provide free home repairs to four low-income homeowners and to support the Friendly House in the Central City neighborhood of Phoenix on Feb. 20 and 21.

In its six years of partnering with Rebuilding Together, Lowe’s has donated $7 million and completed 958 projects across the country.

More than 100 Lowe’s Heroes employee volunteers from area Lowe’s stores will team with Rebuilding Together Valley of the Sun.

The volunteers will complete a bathroom renovation and ventilation repairs for a senior couple who are helping raise their grandchildren. Rebuilding Together and Lowe’s Heroes also will repair the kitchen cabinets and do drywall and electrical work for a single father raising three kids and taking care of his senior mother. They will complete bathroom and kitchen plumbing repairs for another homeowner, who was recently diagnosed with cancer.

Carter’s Kids, a nonprofit organization dedicated to creating and promoting awareness of fitness and self-esteem for America’s youth, will join Rebuilding Together and Lowe’s Heroes to build a new playground for the students of Friendly House’s Academia Del Pueblo Charter School.

"Lowe’s has been a tremendous supporter of Rebuilding Together and helping low-income homeowners," said John Fiegel, interim president and CEO of Rebuilding Together. "With their help, we can make homes safer and more energy efficient. And through Carter’s Kids, we can see our impact reach every person in the community."

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