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Judge Gives eBay Sellers Chance to Amend PayPal Antitrust Complaint
January 10, 2012

eBay sellers who filed a class-action antitrust lawsuit against the company last year have until Jan. 27 to file a second amended complaint, a judge ruled. eBay had filed a motion to dismiss, which the judge granted in part and denied in part. According to the lawsuit allegations, "While eBay lists purported alternative payment methods, eBay has through its intentional action made it so PayPal is the only viable option for sellers."

Shoe Retailer DSW to open more stores, ups 2011 earnings forecast
January 10, 2012

DSW , Inc. ( NYSE:DSW ), a branded footwear and accessories retailer, has raised its annual earnings guidance and plans to open more stores in the second half of this year, the company said.   The company now expects its fiscal 2011 annual earnings to be $2.96 to $2.99 per share. That is up compared to its prior forecast of $2.90 to $2.95 per share. Analysts, on average, are seeking earnings of $2.94 per share, on revenue of $2 billion, according to Bloomberg. Shares lifted 11.96 percent jumping to $47.74 apiece Tuesday afternoon in New

Rite Aid names group VP managed care
January 10, 2012

CAMP HILL, Pa. โ€” Rite Aid has hired Wendy Barnes as group VP managed care, the retail pharmacy chain said Monday. Reporting to SVP pharmacy services Chris Hall, Barnes will be responsible for all aspects of managed care, including contracting; relationships with managed care organizations, pharmacy benefit managers and third-party payers; and developing new strategic partnerships. "Wendy is a veteran of the managed care industry, and we are excited about the extensive knowledge and experience she is bringing to Rite Aid," Hall said. "Her expertise will be an invaluable resource as the company executes its managed care strategy in

Delta Apparel Appoints Suzanne Rudy To Board
January 10, 2012

GREENVILLE, S.C.--(BUSINESS WIRE)--Delta Apparel, Inc. (NYSE Amex: DLA) today announced the election of Suzanne B. Rudy as a Director by unanimous approval of the Company's Board. Ms. Rudy brings more than 20 years of proven financial, corporate governance and investor relations expertise to the Delta Apparel Board of Directors. Ms. Rudy is Vice President, Corporate Treasurer, Compliance Officer and Assistant Secretary of RF Micro Devices, Inc. (NASDAQ:RFMD), a publicly traded company and leading supplier of semiconductor solutions for the wireless communications market. In addition to her Treasury and Compliance duties, Ms. Rudy is a director for all twelve subsidiaries

Tiffany's US holiday sales growth weakens
January 10, 2012

Total sales rose 7 percent to $952 million in November and December, helped by a 19 percent jump in the Asia-Pacific region. But in the U.S., revenue in stores open at least one year rose just 2 percent. The measure is considered a key gauge of a retailer's performance. Higher sales to tourists in the U.S. were offset by weaker spending by U.S. customers. Online and catalog sales were a particularly weak spot. Revenue fell 4 percent in that category. Email Share Share! Business News Video Credit: WFAA Garland warehouse is last stop for unwanted giftsadd to reading list

Former CompUSA Executives Stole Millions
January 10, 2012

The Fiorentino brothers were aggressive entrepreneurs who grew a small direct mail catalog company into what is now CompUSA, a national electronics chain. Then greed got in the way. Nearly nine months after Gilbert, Carl and Patrick Fiorentino were physically escorted out of the Miami headquarters of the company they started in 1987, the first official account of their transgressions has emerged in a lawsuit that was filed by CompUSA's parent company in Miami-Dade Circuit Court.

IBM: Mobile shopping doubles over holiday
January 10, 2012

Armonk, N.Y. -- On Tuesday, IBM released its final Benchmark announcement for the 2011 holiday season, detailing a continued strong performance for mobile as well as an overall increase in online spending for December 2011. According to the report, the U.S. online retail sector delivered 7.5% growth in December 2011 compared to the same period last year. This followed a strong November where both Black Friday 2011 and Cyber Monday 2011 delivered double-digit growth over 2010. Other key findings of the IBM report included: Mobile traffic experienced significant growth, as 14.6% of all online sessions on a retailerโ€™s site

Zale holiday sales lag
January 10, 2012

Dallas -- Zale Corp. reported Tuesday that same-store sales for the holiday selling season of November and December 2011 rose 5.9%, compared with an 8.5% gain in the same period last year. Within the two-month period, same-store store sales increased 10.1% in November and 4.2% in December. Revenues for the two-month period were $564 million, compared with $533 million in the same period last year, an increase of 5.8%.

Amazon Agrees to Begin Collecting Sales Tax in Indiana Starting in 2014
January 10, 2012

Amazon.com soon will no longer be able to avoid collecting sales tax in Indiana, which means you also won't be able to bypass paying the tax on your online purchases. Gov. Mitch Daniels said that the Seattle-based retailer has agreed to begin collecting tax in 2014, adding an estimated $20.million to $25.million to the state's coffers each year. Indiana sales tax is 7 percent.