FINANCE

Uniqlo parent records 17% leap in Q1 profit

BY Staff Writer

New York — Fast Retailing Co., parent to the Uniqlo chain, reported Thursday that net income for the fiscal first quarter jumped 17% to $644.3 million, boosted by strong same-store sales at Japan Uniqlo units.

On Wednesday, the company announced that Uniqlo will continue its U.S. expansion strategy by opening two new mall locations in New York.

The company has raised its annual profit forecast.

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OPERATIONS

J.C. Penney selects Microsoft Office 365 to elevate service, communications

BY Katherine Boccaccio

Redmond, Wash. — Microsoft announced that J.C. Penney is rolling out Microsoft Office 365 as part of its effort to simplify and modernize technology solutions.

"In selecting a cloud solution, we were looking for a partner who would support our goal of becoming America’s favorite store," said Kristen Blum, chief technology officer, J.C. Penney. "And when we realized that we could improve customer service even more by providing cloud-based collaboration tools to increase communication between team members, it was easy to choose Microsoft and Office 365."

Office 365 is intended to improve remote access for employees and increase communication between stores, allowing team members to work seamlessly with colleagues at other locations while assisting customers.

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May-24-2013 09:10 am

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A.Sadsdasd says:
May-24-2013 09:09 am

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A.Sadsdasd says:
May-24-2013 09:10 am

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A.Sadsdasd says:
May-24-2013 09:09 am

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Apr-02-2013 10:34 pm

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Mar-25-2013 09:36 am

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Mar-25-2013 09:36 am

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NicoleScott says:
Mar-08-2013 06:47 am

This is indeed a good news,
This is indeed a good news, especially in the business industry. This seems to a better way to allow faster and easy communication among enterprises. - Kale Flagg

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REAL ESTATE

Destination Maternity opens first Canada location

BY Katherine Boccaccio

Philadelphia — Destination Maternity Corp. said it is opening its first Destination Maternity store in Canada on Thursday in Calgary, Alberta, at the Kingsland Village retail development.

The store will debut its A Pea in the Pod brand in Canada.

"Opening a store along the Macleod Trail corridor, one of Calgary’s premiere shopping destinations, is a great opportunity to increase the reach of the Motherhood Maternity brand,as well as introduce our luxury A Pea in the Pod brand to a market where there is a clear demand for maternity apparel at both moderate and better price points," said Ed Krell, CEO.

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