retail news in context, analysis with attitude

• Johnson & Johnson reported that its fourth quarter profit was up 14 percent to $2.71 billion, from $2.37 billion during the same period a year ago. Revenue fell 4.9 percent, to $15.18 billion, from $15.96 billion.

For the fiscal year, Johnson & Johnson’s net income was up 22 percent, to $12.95 billion, as revenue rose 4.3 percent, to $63.75 billion.

KC's View: