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Kmart, Sears offer extended holiday shopping hours

BY Alaric DeArment

HOFFMAN ESTATES, Ill. – Sears and Kmart stores will open on Thanksgiving Day and stay open all night for early holiday shopping, parent company Sears Holdings said Monday.

The company said Kmart stores will open at 6 a.m. on Thanksgiving and stay open until 11 p.m. on Black Friday, while Sears stores will open at 8 p.m. on Thanksgiving and stay open until 10 p.m. on Black Friday. Stores in Massachusetts, Rhode Island, Maine and Puerto Rico will not be open on Thanksgiving due to state laws.

Members of the Shop Your Way loyalty program will have access to seamless shopping at Sears.com and Kmart.com and through corresponding mobile apps.

"Sears and Kmart have been leaders in integrated retail, delivering convenient options to create a more rewarding shopping experience for our customers while blurring the boundaries between offline and online shopping," Sears Holdings SVP customer experience and integrated retail Leena Munjal said. "Our Shop Your Way members have the option to shop anytime, anywhere and anyway they want, especially during the busiest shopping weekend of the year."

 

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Publix posts third-quarter comp lift of 4.1%

BY Michael Johnsen

LAKELAND, Fla. — Publix on Friday posted sales for third quarter 2013 of $7 billion, representing a 5.6% increase. Comparable-store sales for third quarter 2013 increased 4.1%. 

Publix’s sales for the first nine months of 2013 were $21.6 billion, a 5.2% increase from last year’s $20.5 billion. Comparable-store sales for the first nine months of 2013 increased 3.4%. 

Effective Nov. 1, Publix’s stock price increased from $27.55 per share to $30 per share. Publix stock is not publicly traded and is made available for sale only to current Publix associates and members of its board of directors. 

"I’m very pleased we had another significant increase in our stock price, resulting in a 33% increase in our stock price over the last year," stated CEO Ed Crenshaw. "Our associates continue to deliver premier customer service, the key to our success."

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Target launches Canadian holiday shopping season

BY Alaric DeArment

MISSISSAUGA, Ontario — Target is extending its hours during the holiday shopping season at its Canadian stores, the mass merchandise retailer said Monday.

Target said most of its Canadian locations would offer extended hours from Nov. 29 to Dec. 30 as part of the "My Kind of Holiday" marketing campaign. The retailer will also extend its price-matching policy for the season; if customers purchase a qualifying item at Target between Nov. 1 and Dec. 24 and subsequently find it for less in a local competitors printed ad, Target will match the competitor’s price.

"Target is celebrating its first holiday season in Canada, and we are proud to offer guests a new and extended shopping experience in the Canadian market," Target SVP John Morioka said. "At Target, we want to inspire guests with our broad product assortment and help make shopping a little easier."

 

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