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• The Wall Street Journal reports that Target "posted its best sales growth in nearly three years, a sign shoppers are responding to changes under new Chief Executive Brian Cornell such as free holiday shipping and a greater focus on apparel and home goods.

"Sales excluding newly opened and closed stores rose 3.8% for the fourth-quarter, ahead of Target’s projection for 3% growth, and profit beat the forecast Target gave a little over a month ago."


USA Today reports that KFC is testing an edible coffee cup that it hopes to begin offering in its UK stores later this year - "the 100% edible cup is made from a special, wafer-like biscuit, then wrapped in sugar paper and lined with a layer of heat-resistant white chocolate." No word on if or when the cup might come to the US.

The story notes that "this is mostly aimed at environmentally-minded Millennials, who want products and packaging to leave a smaller footprint. There's a huge market for new packaging technologies that are better for the environment.

"Last year, Stonyfield, the environmentally conscious organic yogurt maker, took its first baby step towards ultimately eliminating the plastic yogurt container. It rolled out a product dubbed Stonyfield Frozen Yogurt Pearls -- frozen yogurt sold inside edible, fruit-flavored packaging skins -- at a handful of Whole Foods stores in the Boston area."


Bloomberg reports that "RadioShack Corp.’s biggest shareholder, already seeking to buy hundreds of stores from the bankrupt electronics retailer, agreed to a separate sale of the chain’s name, with bids to start at $20 million. The plan to break off the sale of trademarks and other intellectual property from the auction for store leases would put the 94-year-old brand up for grabs without forcing buyers to also bid on the stores."


Fortune reports that "Barnes & Noble has unveiled plans to raise up to $775 million in a spinoff of the company’s college bookstore assets in a move that will create a separate, publicly traded company. The plan will separate Barnes & Noble Education from the legacy Barnes & Noble retail and Nook digital businesses."

Barnes & Noble had suggested previously that it would spin off its Nook business, but that hasn't happened, as the company continues to struggle with how to survive in a digital world where traditional bookstores are in trouble and the Nook has not ben able to compete effectively with the Kindle and iPad.
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