May sales at Fred's Inc. increased 6% to $152.1 million from $143.6 million in May 2011. Comparable-store sales for the month rose 1.3% compared with an increase of 0.2% in the same period last year.
Apparel retailer Avenue Stores announced it has begun the process to close 96 stores over the next three months.
The Los Angeles City Council voted 13-1 to ban plastic bags at supermarket checkouts, becoming the largest city in the nation to approve such a law.
Dollar Tree has approved a 2-for-1 stock split in the form of a 100% common stock dividend.
Neiman Marcus is rebranding its contemporary departments within each of the 42 Neiman Marcus stores as Cusp shop-in-shops.
Consumer confidence in May rose to the highest level since October 2007, according to the Thomson Reuters/University of Michigan final index of consumer sentiment.
Whole Foods Market has named Scott Allshouse, Omar Gaye and Rob Twyman as regional presidents following the promotion of David Lannon and Kenneth Meyer to EVPs of operations.
CVS/pharmacy has launched a new in-store fundraising campaign named Advancing Medical Research, to support medical research and help improve the quality of life for those living with amyotrophic lateral sclerosis (ALS) and cystic fibrosis (CF).
Neiman Marcus reported total revenues of $1.06 billion for the third quarter compared with $983.8 million in the prior year.
Talbots said Friday that Sycamore Partners had walked away from negotiations over a proposed $215 million buyout of the retailer.