aggregatedcontent
February 21, 2012
Nordstrom is targeting aspirational consumers through mobile banner advertisements for its Nordstrom Rack locations in the popular gaming application Words With Friends. Nordstrom is promoting a sale in its discount chain that will serve to drive consumers in-store.
February 21, 2012
New York City -- Saks Inc. fourth-quarter net income climbed 48% amid strong sales of handbags, fine jewelry and men's and women's apparel. The earnings topped expectations. For the period ended Jan. 28, Saks earned $37 million, compared with $25 million last year. Quarterly revenue rose 7% to $925.1 million from $866.3 million, beating Wall Street's $918.9 million estimate. Same-store sales were up 7.7%. Saks Direct has an increase of about 21%. Saks said revenue at Off 5th stores open at least a year was weaker than expected. Full-year net income jumped 57% to $74.8 million. Annual revenue climbed
February 21, 2012
Brick and mortar furniture stores have long decried a perceived competitive advantage of online retailers because many sites don't collect state and local sales taxes.That could change before the year ends.S. 1832, also known as the Marketplace Fairness Act, was introduced in Congress last year and is now in committee. It would authorize states to collect sales tax from remote sellers like Internet retailers.While congressional legislative efforts to force Internet retailers to collect sales taxes are nothing new, what's different this time is that some big Internet retailers like Amazon have buckled in recent months and have agreed with
February 21, 2012
Macy's gives back to national and regional charities through annual holiday campaigns NEW YORK, Feb 20, 2012 (BUSINESS WIRE) --Macy's (NYSE:M) today announced that it has donated $16.7 million to various charitable organizations as a result of its 2011...
February 21, 2012
Trail Blazers Partnership Marks Fifth NBA Team to Dreams’ Web Syndication Portfolio PLANTATION, Fla. -- Dreams, Inc. (NYSE Amex: DRJ), a technology driven, multi-channel retailer focused on the licensed sports product industry, has partnered with the Portland Trail Blazers to re-launch the team’s official online sports store, www.TrailBlazersFanShop.com. The deal marks Dreams’ fifth alliance with an NBA team, following successful partnerships with the Golden State Warriors, Charlotte Bobcats, Chicago Bulls and Washington Wizards. “This new online shop provides Trail Blazers fans a greater range of gear and trend-specific merchandise through our proprietary and customizable e-commerce technology,” said Kevin
February 21, 2012
Lexington, Mass. -- The Collective Brands Performance + Lifestyle Group (PLG), which owns such brands as Sperry Top-Sider, Saucony, Keds and Stride Rite, announced today that is has signed new agreements with partners in 10 countries to continue the rapid international expansion of several of its brands in Mexico, Indonesia, Japan, five South American countries and the Czech Republic. “Teaming with the right strategic partner in each market is critical to the successful international expansion of our brands, and we are thrilled today to be announcing partnerships with these leading firms to expand the brand presence of Saucony, Sperry
February 21, 2012
New York City -- Belk plans to remodel almost 30 stores this year as the department store company focuses on upgrading its existing space, the Charlotteobserver.com reported. Last year, Belk spent about $70 million on store remodels and renovations. In 2012, the chain plans to increase that slightly, to $75 million, and then spend up to $130 million a year in 2013 and 2014, according to the report. "Stores, after time, tend to get tired," said Ralph Pitts, Belk's executive VP, said in the report. "It's important for us to have a store the customer feels good about, that
February 21, 2012
Australian swimwear and surfing goods maker Billabong rejected a $766 million takeover proposal from TPG Capital and countered by announcing the sale of part of its youth brand Nixon, among other moves to cut debt and boost its performance.
February 21, 2012
Online sellers Amazon and eBay gained brand value last year at the expense of brick-and-mortar retailers such as Best Buy, according to an Interbrand report. Amazon's brand surged 32 percent in a year, the most in U.S. retailing, while eBay's increased 16 percent, Interbrand said in a statement.
February 21, 2012
Mega-retailer Walmart has retained its No. 1 position on U.S. Most Valuable Retail Brands list for 2012 from golbal branding consultancy Interbrand. The report ranks the top 50 U.S. retail brands by brand value, in addition the top retail brands from the United Kingdom, France, Germany, Spain, and the Asia Pacific. The U.S. brands were listed for the fourth time in collaboration with Interbrand Design Forum, the retail experience group within Interbrand. Beyond the U.S. list, Tesco, Carrefour, Aldi, Zara, and Woolworths ranked as the No. 1 retailer in their respective markets, all holding their top spots from last
