Content about Penny

February 7, 2013
99 Cents Only Stores sales increase 8.8% in Q3

Net sales at 99 Cents Only Stores increased 8.8% in third quarter 2013, the company said.

CITY OF COMMERCE, Calif. — Net sales at 99 Cents Only Stores increased 8.8% in third quarter 2013, the company said.

The dollar-store chain announced sales of $439.5 million, a $35.6 million increase over third quarter 2012, while comps increased 4.3%. For the first three quarters of fiscal year 2013, sales were $1.23 billion, an 8.7% increase over the same period last year, while comps increased 4.3%. Profit for the quarter was $12.7 million, compared with $22.2 million at the end of third quarter 2012.

January 30, 2013
Penniless: Most Canadian retailers ready for phase-out of 1-cent coins, retailing group says

Most retailers in Canada are ready for a phase-out of 1-cent coins, a national retailing trade group said Wednesday.

TORONTO — Most retailers in Canada are ready for a phase-out of 1-cent coins, a national retailing trade group said Wednesday.

The Retail Council of Canada said the majority of the country's retail businesses were prepared for the disappearance of the penny and will follow the government's proposals for determining prices.

December 18, 2012
99 Cents Only Stores launches new website

Regional store chain 99 Cents Only Stores has launched a new website that it said would offer more easily accessible information on new products, as well as company information.

COMMERCE, Calif. — Regional store chain 99 Cents Only Stores has launched a new website that it said would offer more easily accessible information on new products, as well as company information.

The chain — which operates 308 stores in California, Texas, Arizona and Nevada — said the new site was part of its efforts to improve the quality of information that it makes available to the public.

November 15, 2012
Target ready for holiday shopping season with increase in 3Q sales

A 2.9% third-quarter same-store sales increase and the sale of its credit card business pushed Target’s third-quarter profit up 17.6% to 96 cents a share.

MINNEAPOLIS — A 2.9% third-quarter same-store sales increase and the sale of its credit card business pushed Target’s third-quarter profit up 17.6% to 96 cents a share.

Total sales increased 3.4% to $16.6 billion in the third quarter due to the 2.9% comp increase and the benefit of a net increase of 18 stores compared to the prior year. Target ended the period with 1,781 stores and was up against a challenging prior year comparison when comps advanced 4.3%.