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Solid sales gains for retailers in January
The Los Angeles Times Share    
Although they didn't spend huge amounts, shoppers turned out at the nation's malls in January, helping retailers post solid
sales for the notoriously sluggish month. Retail sales increased 3.3 percent compared with a year earlier, according to Thomson Reuters' tally of 29 major chain stores including Macy's Inc., Target Corp. and Gap Inc. More
Cupid to miss retailers, hit restaurants
Crain's New York Business
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Girlfriends, boyfriends, husbands, wives beware. Your sweetie may be skimping on your Valentine's Day gift this year. Couples plan to spend almost 6 percent less on gifts for their significant others this year, according to an annual spending
survey conducted by the National Retail Federation. The average person is expected to spend about $63.34 on his or her partner, down from $67.22 last year, as consumers tighten their wallets and cut back on spending.
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Dollar General says it will open 600 stores in 2010, add 5,000 jobs
The Associated Press via Los Angeles Times
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Discount retailer Dollar General says it will add 5,000 jobs as it opens 600 new stores over the next 12 months. Shoppers have flocked to discount stores during the recession as they look to spend less money on their purchases. During the first nine months of its fiscal year, Dollar
General's profit surged while revenue rose 13 percent to $8.61 billion.
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solutions for your sites while remaining compliant and cost-effective? Join USM and special guest, Hydropoint Data Systems for a timely landscape innovation webinar. We will feature:
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TJX move upscale may blur lines in high-end retail
Reuters
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Off-price retailer TJX Cos Inc has capitalized on the woes of its higher-end rivals in the past year by snapping up tons of
their unsold merchandise and winning a new contingent of shoppers. But that success to some degree means that TJX relies on the miscalculations of its competitors and could be short-lived if full price chains cut back too far on orders and limit the amount of excess supply, analysts say.
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Supermarkets take stock of risks they face in 2010
The Salt Lake Tribune
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Supermarket chains, ground down by a year of price wars aimed at keeping hard-pressed customers, are starting 2010 wondering how much longer they can go without further harming their share prices. Grocery-sector stocks have taken a drubbing the past three months, with Kroger Co. (which operates Smith's stores in Utah) down 14
percent, Supervalu Inc. down 11 percent and Winn-Dixie Stores Inc. down 27 percent. Safeway Inc. is down 7 percent.
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Costco seen planning for succession with COO post
Reuters
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Costco Wholesale Corp has appointed a president and chief operating officer, and created an Office of the President, moves
analysts said signal the No. 1 U.S. warehouse club operator is planning an eventual successor to its chief executive officer. Costco said Craig Jelinek, its executive vice president in charge of merchandising, was promoted to president and chief operating officer, effective immediately.
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Supervalu Inc. sees local growth potential for Jewel-Osco's discount sibling, Save-A-Lot
Crain's Chicago Business
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Supervalu Inc.'s new CEO sees more growth potential in the Save-A-Lot discount chain than in the grocery giant's local flagship, Jewel-Osco. Craig Herkert, who came to Supervalu in May from Arkansas retail powerhouse Wal-Mart
Stores Inc., wants to bulk up Supervalu's presence in the increasingly crowded Chicago-area grocery business. But he's aiming to do it by adding Save-A-Lots — not Jewel stores — to the mix.
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Canada churns out 43,000 jobs
The Globe and Mail
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The Canadian economy created a stronger-than-expected 43,000 jobs in January, led by part-time work, the fourth employment gain in six months. The country's jobless rate fell a notch to 8.3 percent, a nine-month low, Statistics Canada reported.
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Jones Sign Company presents Jones Advanced
Maintenance Repair and Lighting, Nationwide Service 24/7 On Call or
Tailored Programs, LED Retrofits, and Preventive,Call: 205-601-0689 bhoward@jonessign.com.
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Wal-Mart makes organizational moves to raise efficiency
Reuters via The New York Times
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Wal-Mart Stores, the world's biggest retailer, is consolidating some operations in the United States, while dividing the country into three regions with separate presidents. The company is looking to more efficiently manage its more than 3,700 American stores.
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Forever 21's day comes at Los Cerritos Center in Los Angeles County
San Jose Mercury News
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Shoppers stepping into the new 85,000-square-foot Forever 21 flagship store at Los Cerritos Center in Los Angeles County are bombarded with a two-level maze of merchandise surrounded by neon lights, crystal chandeliers and blaring pop music. The store boasts 80 fitting rooms, 27 cash registers, more than 200 employees and about 200,000 pieces of merchandise. It's designed as a "one-stop shop," with
everything from sweaters and basic black pants to studded tops and sequined miniskirts.
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All American Maintenance is a licensed and bonded floor contractor that is Epoxy Floor System Certified.
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DJ's Painting is a national painting company that
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