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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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PetSmart not going to the dogs

BY CSA STAFF

PHOENIX — When it comes to pets, no expense is too great, and many owners will even forgo spending on themselves in order to get the very best for their animals. Therefore, it is not surprising that such companies as PetSmart continue to perform well even in a down economy.

For its fourth quarter, PetSmart reported that earnings per share were up 18% to 91 cents. Comparable-store sales grew 5.5%, benefitting from comparable transactions growth of 2.9%. Total sales for the quarter were up 8% to $1.6 billion.

For the year, the company delivered earnings per share of $2.55, up 27% compared with $2.01 last year. Comparable-store sales grew 5.4%, benefitting from comparable transactions growth of 2.5%. Total sales for the year were $6.1 billion, up 7%.

“We are pleased to report another quarter of solid earnings growth,” said Bob Moran, chairman and CEO. “2011 was a great year overall, with even more stories of innovation and differentiation in our stores.”

For fiscal 2012, the company said it expects comparable-store sales growth in the 3% to 4% range, and total sales growth in the 7.5% to 8.5% range. The company expects earnings per share between $3.02 to $3.16.

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