Financial News

MINNEAPOLIS — Target Corp. reported net sales of nearly $6 billion in January, the company said Thursday.

The mass merchandise retailer reported sales of $5.97 billion, a 29.6% increase over the $4.6 billion reported in January 2012. Comps for the period, which ended Saturday, increased 3.1%.

ISSAQUAH, Wash. — Costco Wholesale Corp.'s sales increased 7% in January compared with January 2012, the club retailer said Thursday.

Costco reported sales for the five weeks that ended Sunday of $9.35 billion, compared with $8.74 billion a year ago. The month was one day shorter than last year due to the timing of the New Year holiday, which reduced total and same-store sales by about 2%, the company said. Comps in U.S. stores were up by 6%.

NEW YORK — Revlon today announced results for the year and the fourth quarter ended Dec. 31, 2012, with a 3.2% increase in overall net sales. Excluding unfavorable foreign currency fluctuations of $21.2 million, 2012 net sales increased by 4.8%.

DUBLIN, Ohio — Cardinal Health on Tuesday posted $25.2 billion in revenue for its 2013 second quarter, down 7%. The company's non-GAAP diluted earnings per share was up 15% to $0.93. 

DEERFIELD, Ill. — Walgreens Tuesday morning reported January sales of $6.2 billion, an increase of 6.3% as compared to the same month in fiscal 2012.

MISSISSAUGA, Ontario — The company that operates Canada's Rexall and Rexall Pharma Plus retail pharmacy chains has hired on a former Sears Canada executive.

Katz Group Canada announced Monday the appointment of Sharon Driscoll as EVP and CFO.

NEW YORK — U.K. grocer Tesco is attempting to reassure shoppers that its United States-based Fresh & Easy supermarkets are not closing after announcing in December plans to exit the U.S. market, Bloomberg News reported Friday. 

CAMP HILL, Pa. — Rite Aid will refinance part of its debt, the retail pharmacy chain announced.