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Target launches Sonia Kashuk fall 2013 collection

BY Alaric DeArment

MINNEAPOLIS — Target Corp. has launched the fall 2013 collection of Sonia Kashuk beauty products at its stores, the mass merchandise chain said.


Pictured here: The Sonia Kashuk travel duffle bag.

Target announced the new collection of makeup and travel bags and an assortment of beauty products. These include the Fall Brush Up 10-piece brush set, the Jewel of an Eye eye-shadow set, the Fall In Love nail set, the Radiant+ tinted moisturizer and others, such as foundation sticks and concealers.

Sonia Kashuk has had a partnership with the Minneapolis-based retailer since 1998, and the company’s products were recently featured at a life-size "dollhouse" that Target set up at New York’s Grand Central Terminal, where visitors could receive free makeovers.


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Tardy tax refunds, cool weather impact Walmart’s Q1

BY Marianne Wilson

Bentonville, Ark. — Walmart Stores on Thursday reported profit and sales lower than Wall Street expectations as the retail giant struggled against the payroll tax increase, delayed tax returns and an unseasonably cold spring impacting its U.S. sales. The retailer also scaled back its earnings expectations for the current three-month period.

Walmart’s net income rose 1.1% to $3.8 billion. Revenue edged up 1%, to $113.4 billion.

"Frankly, we had a more difficult quarter than expected when we announced our guidance in February,” said Walmart CEO Mike Duke on the company’s first quarter earnings conference call. “Sales were pressured primarily by delayed tax refunds, which caused customers to put off discretionary purchases. And though no one likes to talk about weather, it was a real factor across the United States.”

Same-store sales in the United States fell 1.4%, while comp traffic was down 1.8% and the average ticket increased 0.4%.

"Despite comps being lower than expected, we continued to generate market share gains," stated Bill Simon, Walmart U.S. president and CEO. "According to The Nielsen Company, we gained 20 basis points of market share in the measured category of ‘food, consumables and health & wellness/OTC’ during the 13-weeks ended Apr. 27, 2013."

Simon was optimistic looking forward, and said that the second quarter is off to a good start, with positive comps.

"We continue to believe in the strength of our strategic plan to deliver a broad assortment with EDLP,” he said. “We also continue to monitor the impact of the 2% payroll tax increase.”

At Sam’s Club, sales rose 0.2%, while comp traffic was up 1.3%, while ticket was down 1.1% for the 13-week period ended April 26.

"Comp sales for the first quarter were impacted by unfavorable weather and less than expected inflation," stated Rosalind Brewer, Sam’s Club president and CEO. "Our business member is an integral part of our business, and comp sales and traffic patterns indicated that they remained pressured in the first quarter.”

In remarks released with the company’s results, Duke echoed Simon’s optimism.

“I’m confident about our long-term strategy and the direction Walmart is headed," he stated. "Our expectations about our U.S. businesses’ performance, coupled with more discipline in International, will allow us to improve our performance throughout the year."

Duke also noted that the chain’s e-commerce sales grew more than 30% in the first quarter versus last year.

"There is no doubt that our company is making the right investments in e-commerce to differentiate ourselves and become a better Walmart," said Duke. "And with our sales growth in the first quarter, we believe our investments are paying off."


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AmerisourceBergen elects UGI chairman to wholesaler’s board of directors

BY Michael Johnsen

VALLEY FORGE, Pa. — AmerisourceBergen on Thursday elected Lon Greenberg, 62, to its board of directors, effective immediately. Greenberg fills the vacancy created by Charles Cotros’s retirement from the board in February 2013. Greenberg also joined the audit and corporate responsibility committee and finance committee of the board. AmerisourceBergen’s board of directors is currently comprised of 10 directors.

“Lon’s extensive business experience, strategic vision and extraordinary commitment and dedication to our community will make Lon a great asset to the AmerisourceBergen board,” stated Richard Gozon, chairman of the board of AmerisourceBergen.

Greenberg served as CEO of UGI Corporation from 1995 until his retirement on April 1, 2013. Greenberg continues to serve as the chairman of UGI’s board of directors, a position he has held since 1996. He joined UGI in 1980 and held a number of senior management and executive positions throughout his career with UGI, including SVP legal and corporate development, and president of UGI.

In addition to serving as the chairman of UGI Corporation, Greenberg is a director of Aqua America and Ameriprise Financial. Greenberg also is a member of the board of trustees of Temple University, the board of directors of Temple University Health System, and the board of directors of Fox Chase Cancer Center. Furthermore, he currently serves as chair of the board of directors of the United Way of Greater Philadelphia and Southern New Jersey.


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