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February 21, 2012
High Street retailer Marks & Spencer has unveiled a new section of its transactional website which offers its discount clothing to online consumers for the very first time. M&S Outlet was launched in November 2000 and currently sells older products from the retailer's clothing range, with discounts of up to 40 percent from their original selling price.
February 21, 2012
Seattle -- REI announced that Angela Owen has been named senior VP marketing and Lee Fromson has become senior VP merchandising. As senior VP marketing, Owen will lead REI's advertising, social and emerging media, online and direct marketing, and customer insights efforts. Owen, most recently senior VP merchandising, is replacing Tom Vogl, who left REI to join a technology firm. Fromson, REI's new senior VP merchandising, will oversee the company's merchandising strategy, financial planning, inventory management strategies and vendor partnership development. Fromson joined REI in 2006, serving as VP of REI Private Brands, a division that accounts for a
February 21, 2012
Wal-Mart says it plans to boost its investment in Chinese e-commerce website Yihaodian to give it a controlling stake. If approved by the Chinese government, the deal will increase Wal-Mart's stake in the holding company of Yihaodian to 51 percent.
February 21, 2012
Why exactly would a small business want to use digital receipt technology? For Loyal Army Clothing, the answer comes down to the potential to build tighter relationships with customers.
February 21, 2012
New York City -- Barnes & Noble reported that its net income for the 13 weeks ended Jan. 28 fell 14% to $52 million, compared with $60.6 million as rising costs offset higher sales for both physical and digital books. The company also said it will introduce a cheaper Nook Tablet, with eight gigabytes of memory for $199. (Its current device sells for $249.) Revenue rose 5% to $2.44 billion. Revenue from Nook e-readers and its digital catalog rose 38% to $542 million. The company estimates it now has a 27% to 30% share of the U.S. e-book market.
February 21, 2012
Diluted fourth quarter EPS is $1.74, or $1.70 as adjusted; Diluted full-year EPS is $2.92, or $2.88 as adjusted, +36% vs. prior year; Company provides guidance for continued growth in 2012 CINCINNATI, Feb 21, 2012 (BUSINESS WIRE) --Macy's, Inc. (NYSE:M)...
February 21, 2012
Verallia North America, a leading producer of glass containers for the food and beverage industries in the U.S., has launched a completely new web site at www.us.verallia.com. The site features a modern design, simplified navigation and a complete, interactive product catalog. The new site was designed to make it easier for customers to gather information about Verallia products quicker and easier.
February 21, 2012
LOS ANGELES--( ?We are delighted to bring Jordan to the American Apparel team? “We are delighted to bring Jordan to the American Apparel team,” said Dov Charney, Chief Executive Officer. “Jordan possesses a strong balance of creative and analytic skill, and has a deep appreciation of our brand. We look forward to his leadership and the pivotal role he’ll play in our future development.” Prior to joining American Apparel, Jordan worked for Urban Outfitters, Inc., as a merchant and also reported to its Chief Executive Officer on strategic communications. Prior to Urban, Jordan was with Deloitte Consulting and Deloitte
February 21, 2012
_ FORT WORTH, Texas, Feb. 21, 2012 /PRNewswire/ -- RadioShack Corp. Total net sales and operating revenues from continuing operations for the 2011 fourth quarter increased 5.9% to $1.39 billion, compared to $1.31 billion for the 2010 fourth quarter. Net income for the 2011 fourth quarter was $11.9 million, or $0.12 per diluted share, compared with net income of $57.0 million, or $0.51 per diluted share, for the fourth quarter ended Dec. 31, 2010. RadioShack ended the fourth quarter with a cash balance of $591.7 million. Inventories stood at $744.4 million at the end of the quarter, up $20.7
February 21, 2012
The U.S. Postal Service released a new 5-year plan last week and said an investment bank, Evercore Partners, helped it analyze its models and assumptions and validated its approach. The plan would see a legislative change to allow it to increase the rate of the First-Class Mail stamp to 50 cents, which would yield approximately $1 billion of incremental revenue, and a reduction to a 5-day delivery schedule, which it says would result in a $2.7 billion annual cost reduction. The postal service said that while the new plan was fundamentally consistent with its approach it has advocated for
