FINANCE

Vitamin Shoppe profit surges in Q1, to open 52 stores this year

BY Katherine Boccaccio

North Bergen, N.J. — Vitamin Shoppe reported Tuesday that net income for the quarter ended March 31 rose to $18.3 million, from $11.6 million in the same period last year.

Sales surged 14.4% to $248.1 million, boosted by a strong 9.6% rise in same-store sales. E-commerce sales rose 15.5% in the quarter.

The vitamin retailer said it plans to open 52 new stores in fiscal 2012.

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FINANCE

OfficeMax Q1 profit plummets, to close 35 stores

BY Katherine Boccaccio

Naperville, Ill. — OfficeMax Inc. reported Tuesday that net income for the quarter ended March 31 slid to $4.9 million, compared with $11.4 million in the year-ago period. Results were hampered by charges related to U.S. store closures.

Total sales edged up 0.5% to $1.9 billion. In the retail segment, sales dipped 2.7% to $912.3 million; same-stores sales fell 2.1%.

The office supply retailer said it plans to close as many as 35 stores in the United States this year, with one or two openings on tap. In Mexico, OfficeMax will open eight to 10 stores and close one to two.

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‘Modern Family’ star launches home line at Kmart

BY CSA STAFF

HOFFMAN ESTATES, Ill. — "Modern Family" star, Sofia Vergara, is expanding her brand at Kmart with the launch of a new, exclusive home collection. The actress’ apparel line launched at Kmart and on Kmart.com in the fall of 2011.

Sofia by Sofia Vergara Home features both bedding and bath products. The bedding collection includes decorative pillows, 400-thread count sheets, and three-piece bed sets. The bath collection offers fashion towels, rugs, shower curtains, and free standing accessories, including soap dishes, toothbrush holders, lotion pumps, and waste baskets.

"The expansion of the Sofia by Sofia Vergara collection into Home provides our customers with yet another beautiful design option when decorating," said Nick Grayston, SVP and president footwear and home for Sears Holdings. "We value the authenticity that comes from our collaboration with Sofia. We’re particularly pleased to strengthen our home portfolio with Sofia’s brand, designed especially for a contemporary, fashion-conscious customer. We look forward to welcoming Sofia Vergara’s designs to the Kmart Home family."

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