Dollar General’s net income rose 38% to $407 million, or $1.52 a share, in the quarter ended Aug. 3, up from $295 million, or $1.08 a share, in the year-ago period.
Yellow Wood Partners announced that it had signed a definitive agreement to acquire Paris Presents from EagleTree Capital and merge the company with its Freeman Beauty portfolio.
Shareholders of Supervalu approved a reorganization of the company that may allow it to sell its remaining retail brands sooner than expected, reported the StarTribune.
Target’s net income totaled $799 million, or $1.49 per share, and its same-store sales increased 6.5%, which was the retailer's highest comp growth in 13 years.
Coca-Cola entered into a definitive agreement with BodyArmor, which Kobe Bryant is the No. 3 shareholder of, that allows it to acquire a minority stake in the company.
