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Owner of Avenue Clothing to get $25 million loan
February 2, 2012

Tags: Specialty Stores A Manhattan judge ruled today that United Retail Group Inc., owner of the Avenue plus-size women's clothing stores, may borrow $25 million on an interim basis in bankruptcy, according to Bloomberg. U.S. Bankruptcy Judge Stuart Bernstein said he was prepared to approve the loan subject to minor changes in the wording of the agreement. The company claims it needs the loan, which could increase to $40 million on a final basis, to keep operating while it tries to sell itself to the highest bidder. The owner of 433 stories has struggled with liquidity issues since its

Staples names former Borders CEO as executive VP
February 2, 2012

Framingham, Mass. -- Staples announced the appointment of Mike Edwards to executive VP, U.S. retail merchandising. He previously served as president and CEO of Borders Group and had also served as the companyโ€™s chief merchant. โ€œMike brings proven leadership, great knowledge and experience to Staples,โ€ said Demos Parneros, president of U.S. retail for Staples. โ€œMike will drive innovative merchandising initiatives across our U.S. stores, enabling us to continue to meet the evolving needs of the millions of small businesses and consumers who rely on Staples as their trusted source for office solutions.โ€

Walgreens to be a Featured Sponsor for 'Celebrity Apprentice'
February 1, 2012

Walgreens will be a featured sponsor of the 2012 season of "The Celebrity Apprentice." Many of the show's feature sponsors have been showcased as part of an episode. For example, finalists John Rich and Marlee Matlin developed a 7UP '70s and '80s retro campaign for Dr Pepper/Seven Up in "Celebrity's" season last year.

MarineMax narrows loss in Q1
February 1, 2012

No related items were found. Clearwater, Fla. -- Boat retailer MarineMax reported Tuesday that it narrowed its loss in the fiscal first quarter to $4.2 million, from $4.7 million in the year-ago period. The companyโ€™s net loss was reduced by $1.4 million related to favorable resolution with a manufacturer whose brands the company no longer carries. Revenue dipped to $91.8 million for the quarter, from $92.2 million. Same-store sales edged up 2%.

Harley apparel distributor to cut staff in New Berlin
February 1, 2012

Ace Distribution Services Inc. is eliminating 32 of the 75 jobs at its plant in New Berlin at 5600 S. Moorland Road. The company said the cuts are necessary because of a reduction in business. The cuts will take place between March 30 and April 13. Ace provides supply chain solutions. The company is the sole distributor of Harley-Davidson Inc.s General Merchandise/MotorClothes line of branded apparel.

A Pea in the Pod and InStyle Magazine Partner to Dress Expectant Career Moms for 5 Days of Style
February 1, 2012

PHILADELPHIA, Feb. 1, 2012 /PRNewswire/ -- For the expectant mom, finding flattering work attire can be difficult. The maternity fashion experts at A Pea in the Podยฎ have solved that challenge and partnered with InStyle magazine to celebrate the ultimate workweek collection for style-conscious moms-to-be. (Photo: photos.prnewswire.com/prnh/20120201/PH46172 ) Sponsored by: The collection will make its debut at an exclusive "5 Days of Style" event at Destination Maternityยฎ's flagship store in New York City on February 2nd. Following the kickoff, a personal styling event will take place February 7 February 12 at all Destination Maternity and A Pea in

RadioShack predicts earnings drop in Q4
February 1, 2012

FORT WORTH, Texas โ€” RadioShack announced that preliminary net sales and operating revenues for the fourth quarter ended Dec. 31, 2011 increased approximately 6% to $1.39 billion compared with $1.31 billion for the fourth quarter last year....

Apparel, footwear led Mavic sales gains
February 1, 2012

32 MT Mavic ended 2011 up 14 percent in sales, following fourth quarter growth of 17 percent, according to earnings released Tuesday by its parent company Amer Sports. Mavics full year revenue tallied 120.5 million euros ($157.6 million) up from 106.4 million euros ($139.2 million) in 2010. Rims, wheels and pedals accounted for 83 percent of net sales while cycling apparel and footwear represented the remaining 17 percent. Mavics apparel and footwear segment rose 24 percent in sales over 2010, and rims, wheels and pedals jumped 11 percent. In 2011, EMEA (Europe, the Middle East and Africa) was by

Valentine's Day Spending to Reach $17.6B, NRF Survey Finds
February 1, 2012

Love may not cost a thing, but consumers this year are set to spoil their friends, family and loved ones this Valentine's Day in a very big way. According to the National Retail Federation's 2012 Valentine's Day Consumer Intentions and Actions survey, the average person celebrating the holiday will shell out $126.03, up 8.5 percent over last year's $116.21 and the highest in the survey's 10-year history. Total spending is expected to reach $17.6 billion.