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Hallmark Business Connections names new president

BY Lesley Thulin

Hallmark Business Connections, a subsidiary of Hallmark Cards Inc., has named longtime employee Tressa Angell as its new president.

Angell, who succeeds Keith Fenhaus, has worked at Hallmark or 18 years. The most recent customer strategy director of the Walmart account, Angell started at the company as an assistant product manager immediately after graduating college.

"I'm excited to continue my career within the Hallmark family," Angell said in a press release. "It's rare to spend your entire career with one company, and this is an ideal opportunity to grow an already vibrant organization within Hallmark."

Hallmark Business Connections is headquartered in Minneapolis, with other locations in Kansas City and Duluth, Minn.

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Family Dollar sees 0.7% lift in Q3 comps

BY Antoinette Alexander

MATTHEWS, N.C. — Family Dollar Stores reported on Wednesday a slight lift in third quarter sales and net income of $79.9 million.

Total net sales during the quarter increased 2.6% to $2.73 billion from $2.66 billion in the third quarter of fiscal 2014. Comparable store sales for the 13-week period increased 0.7% as a result of an increase in the number of customer transactions, which was partially offset by a decrease in the average customer transaction value, the company stated.

During the quarter, net income totaled $79.9 million compared with $81.1 million in the year-ago period. On a per-share basis, net income was 70 cents compared with 71 cents in the year-ago period. Excluding $4.7 million of expenses in the third quarter of fiscal 2015 related to the pending merger with Dollar Tree, and $24.5 million in restructuring charges in the third quarter of fiscal 2014, adjusted net income per diluted share was $74 cents compared with 85 cents in the third quarter of fiscal 2014.

 

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First CityTarget on East Coast set to open

BY Gina Acosta

BOSTON — Target is set to open its largest CityTarget store ever, and the first on the East Coast, at the end of July.

The Boston Globe reports the store, near Fenway Park in Boston, is the largest of the eight CityTargets the Minneapolis-based retail giant has opened since 2012.

CityTargets range in size from 80,000 square feet in Portland, Oregon to 125,000 square feet in downtown Chicago.

Read more by clicking here.

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