Specialty Retail industry news provided by Financial News USA (OTC: FNWU). China Direct Trading Corp. (OTC BB: CHDT) recently announced consolidated results for the second quarter of FY2006 ended June 30, 2006, and the filing of its Form 10-Q for that fiscal quarter with the U.S. Securities and Exchange Commission. Reported consolidated gross revenues for the quarter ending June 30, 2006, were $3,969,957, an increase of 1520% from the $261,016 in gross revenues reported for the second quarter of FY2005 and a sequential increase of 58% over first quarter FY2006 gross revenues of $2,511,809. Wal-Mart Stores Inc. (NYSE:WMT) shares moved up for the first time in two weeks Monday after the behemoth discounter, helped by back-to-school spending and special tax-free shopping days in many states, said that it expects August sales to rise to the high end of forecasts. Bentonville, Ark.-based Wal-Mart said over the weekend that sales at stores open longer than a year, the industry's key growth measure known as same-store sales, were likely to increase 2.7%.
If you're in the market for a nanny or a plumber close to home, chances are you'll consult the Yellow Pages or ask friends for recommendations. You might even check community sites like Craigslist or Angie's List, but Google Inc. and eBay Inc. (Nasdaq:EBAY) would rather you use them. The two prominent Internet companies announced an advertising partnership Monday that aims to put buyers in touch with a wider variety of sellers, such as the neighborhood exterminator, math tutor or roofer. PetSmart, Inc. (Nasdaq:PETM) has appointed Joseph O'Leary senior vice president, supply chain, effective Sept. 5, 2006. O'Leary will lead all aspects of supply chain strategy and management, and drive operating efficiency across the supply chain. He will report to Robert Moran, president and chief operating officer. "Joe brings to our executive team the expertise and professional maturity this critical function demands," said Phil Francis, chairman and chief executive officer.
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