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Using the Twitter handle eBay Fashion, eBay's marketers were tweeting furiously on Sunday evening to promote its mobile app as movie stars walked down the red carpet to the Academy Awards show.
Williams-Sonoma announced the launch of Cultivate.com, a content site and online resource for kitchen inspiration and design. The new website provides information about kitchen design and remodeling in one single destination, offering consumers advice from kitchen experts, inspirational photos, recommendations for local kitchen professionals and unique planning tools. Part online design magazine, part community networking site, Cultivate.com is focused on providing information and inspiration for kitchen design and remodeling.
Vancouver -- J. Crew has announced three new Canadian store openings, according to a report in the Financial Post. The new locations include stores in Vancouver, Edmonton and Toronto, and will join the sole store already open in the country as well as herald the launch of the retailerโs menโs apparel line in Canada.
Englewood, Colo. -- Liberty Interactive, parent company of QVC, reported revenue growth for the fourth quarter and full year thanks to favorable results at QVC and its e-commerce division. Liberty Interactive's revenue increased 7% to $3.1 billion in the fourth quarter, and 8% to $9.6 billion for the year. "QVC finished the year strong with impressive Q4 results, particularly in the United States and Japan, despite a challenging macroeconomic environment," stated Greg Maffei, Liberty Interactive president and CEO. QVC's consolidated revenue increased 5% in the fourth quarter to $2.6 billion, and 6% to $8.3 billion for the year. QVC's
Menomonee Falls, Wis. -- Kohlโs Corp. reported Thursday that profit for the fourth quarter dropped 7.9% to $455 million, from $494 million a year earlier, as the retailer experienced unexpected revenue declines during the holiday selling period. Kohl's reported that total sales dipped 0.3% to $6.02 billion in the period, and same-store sales dropped 2.1%. It was the chainโs first revenue decline in three years Yet, said chairman and CEO Kevin Mansell on Thursday, the company was โable to navigate a difficult holiday sales season through strong expense and inventory management." For the year, Kohlโs reported net sales were
Comparable store sales for the fourth quarter declined 1.8 percent. ๏ฟฝ Total sales decreased 4.9 percent, reflecting the Company's previous exit from its catalog and catalog outlet businesses. ๏ฟฝ Internet sales through jcp.com were $480 million Gross margin decreased $506 million Lower than expected sales in the quarter, which resulted in a higher level of markdown activity. ๏ฟฝ This accounted for approximately 320 basis points of the decline; and Actions taken to convert to the Company's new pricing and promotional strategy. This lowered gross margins by an additional 380 basis points, including: Approximately 260 basis points related to the
_ GREENWICH, Conn., Feb. 24, 2012 /PRNewswire/ -- Blyth, Inc. Mr. Kaufthal is a senior advisor at Irving Place Capital, a middle-market private equity firm based in New York City. Prior to joining Irving Place Capital in 2008, Mr. Kaufthal spent 8 years at Bear, Stearns & Company as Vice Chairman of Investment Banking. Prior to that he led mergers and acquisitions in investment banking as Vice Chairman of Schroder & Co for 13 years. Mr. Kaufthal currently serves on the Board of Directors for Tronox Incorporated, Cambrex and Edmunds.com. He is also Chairman at East Wind Advisors, an
No related items were found. Little Rock, Ark. -- Dillardโs Inc. reported Thursday that profit for the fourth quarter rose to $141.5 million from $109.6 million a year earlier, beating analystsโ expectations. Sales edged up 2% to $1097 billion. Same-store sales rose 3%.