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Week in Review: Top Articles Online

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New York–As retailers struggled through some not-so-pleasing first quarter earnings reports this week, several reasons for shortfalls emerged: the “macro-economic environment,” cooler-than-normal spring, effects of the payroll tax increase and shrinking margins. But there were bright spots, too: Saks Inc., TJX Companies, Burberry all provides some surprises for retail analysts. …

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Good Tidings: December Comp Sales Better Than Expected

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New York—Despite unpredictable weather and politics in Washington, retailers managed to beat what had been lowered expectations for December comparable store sales. Of the 17 or so major retailers reporting today (excluding drugstores), total December comparable store sales rose 4.5%, topping analysts’ estimates for a 3.3% increase. Even better, the …

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TJX Buys Sierra Trading Post for $200 Million

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Framingham, MA—In a move to bolster its online business, TJX Companies has acquired online outdoor clothing, footwear and accessories retailer Sierra Trading Post for some $200 million. Under the agreement, TJX’s purchase includes Sierra’s office, fulfillment center and photography studios in Cheyenne, Wyoming, its customer call centers in Cheyenne and …

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October Retail Comps Up; Sandy Effects Yet to be Felt

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New York—While October retail comparable store sales increased nearly 5%, some retailers cautioned today that their November—and even holiday totals—could be adversely affected by the Superstorm Sandy. Of the 17 retailers (excluding drugstores) tracked by Thomson Reuters that posted October results today, overall comparable store sales rose 4.7% better than …