New York City -- Family Dollar plans to continue aggressive growth in the current fiscal year, with 450 to 500 new stores on tap, CEO Howard Levine said at the company's annual shareholder meeting Thursday, The Charlotte Observer reported. The discounter also plans to open its 11th distribution center this year, to serve its stores in California where it has started expanding, the report said. Levine said Family Dollar will continue its store renovation program, making over another 1,000 locations.
aggregatedcontent
eBay CEO John Donahoe was interviewed at the DLD conference in Germany this week by a partner at venture capitalist firm Accel Europe, Sonali De Rycker. During the interview, the CEO said he would like to plug the eBay platform into the Google Plus social...
Target told vendors last week that it wanted better deals from them to compete with online rivals like Amazon. But will the vendors play ball? The Wall Street Journal reports they likely will โ Target is too big a customer to ignore โ and that other brick-and-mortar retailers will probably follow the company's lead.
American Eagle Outfitters' CEO James O'Donnell will step down Saturday in a move that was expected. He will be replaced by former Levi's executive Robert Hanson. O'Donnell, 70, said early last year he planned to retire. Hanson was named as his successor in November after a lengthy search.
New York City -- Coach Inc. reported Tuesday that net earnings for the quarter ended Dec. 31 rose 15% to $347.5 million, compared with $303.4 million in the year-ago period. Sales increased 15% to $1.45 billion, beating Wall Streetโs expected $1.43...
Home Depot has acquired home services marketplace Redbeacon in a move set to tighten the retailer's customer relationships while opening up new markets. The deal's financial terms have yet to be disclosed.
Amazon.com has announced plans to open a new fulfillment center in Spartanburg County, South Carolina. The facility will create hundreds of new full-time jobs and involve a $50 million investment in the state.
Dallas -- Tuesday Morning Corp. reported Monday that net income for the quarter ended Dec. 31 fell 8% to $15.9 million. Revenue for the quarter dipped 2.2% to $273.1 million. Investors were prepared for the news because the company previously reported the lower revenue figures earlier this month.
Hudson's Bay is betting a Canadian touch will revitalize the oldest upscale department store retailer in the U.S. Bonnie Brooks, who is credited with having started to revive the ailing Bay after she got the top job in 2008, was appointed president of Hudson's Bay Co. on Jan. 23.
but it added a commission fee on sellers' shipping and handling costs. It told sellers it hope the move would encourage them to offer free shipping. "Free shipping not only increases your potential for a sale, but it will also lead to increased exposure on Buy.com," according to the announcement. Buy.com said that the majority of its merchants offer free shipping, so "they will see this as an automatic decrease in the commission they pay to Buy.com!" eBay made a similar change last year and recently said the change accounted for "roughly less than 1 percent of the growth"