Wal-Mart to invest $756 million in Brazil
New York City — Wal-Mart Stores said that by the end of the year it will have invested the equivalent of approximately $756 million to expand its operations in Brazil.
Marcos Samaha, president of Wal-Mart’s Brazilian subsidiary, said in a Tuesday statement that 1.2 billion reals ($755 million) will be used to build 80 stores, renovate existing locations and improve logistics.
Samaha says that the company’s expansion in Brazil, which is Latin America’s biggest economy, due to its "excellent economic growth potential." Brazil’s economy grew 7.5% in 2010 and may expand 4% in 2011, according to the quarterly inflation report published March 30 by Brazil’s central bank.
During the, past five years Wal-Mart has invested some $3.8 billion in Brazil to build 177 stores.
Walgreens April sales up 3.4%
Deerfield, Ill. — Walgreens said its same-store sales rose 3.4% in April. But analysts surveyed by Thomson Reuters expected, on average, that revenue at those stores had risen 3.6%.
Walgreen said pharmacy comp-store sales were up 1.8%, below analysts’ estimate of 2.4%. The company said the results were hurt by 1.9 percentage points because of a calendar shift and the move of the allergy drug Allegra from prescription to over-the-counter status.
Sales of nonpharmacy items jumped 6.5% benefiting from this year’s late Easter, the company said. Analysts expected a 5.9% rise.
Disney Store introduces first exclusive designer collection
PASADENA, Calif. — Disney Store has announced the launch of an exclusive collection from designer Kidada Jones.
“With this classic collection, Kidada brings a unique and whimsical vision to the beloved Disney characters,” said Jim Fielding, president of Disney Stores Worldwide. “Disney Store’s reinvention over the last two years has taken us to magical new heights and our collaboration with Kidada Jones is the first of many that will position us as a retail destination where guests will find designer collections and unexpected surprises.”
Kidada for Disney Store Collection includes:
Wish-A-Little Collection, which includes figurines that come with a charm necklace ($39.50)
Kidada for Disney Store pendant necklaces ($49.50)
Mini Moments charms ($14.50)
Adult and children tees featuring the Wish-A-Little version of beloved Disney Princess characters or Kidada’s signature wish phrases ($14.50 to $34.50)
Wish-a-Little reusable Totes ($9.50)
Kidada for Disney Store Wish-a-Little watch ($49.50)
Kidada for Disney Store-branded Limited Edition 9" Vinylmation figure ($49.50)
Kidada for Disney Store Collection is available exclusively on DisneyStore.com, and at Disney Store locations in New York’s Times Square, North Michigan Ave. in Chicago; Stockton Street in San Francisco, Calif.; and Santa Monica Place in Santa Monica, Calif.