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VANCOUVER, British Columbia, Dec. 1, 2011 (GLOBE NEWSWIRE) -- Coastal Contacts Inc. , the planet's largest online eyewear company announced today that sales of eyeglasses through its North American hub grew 150% on Cyber Monday, November 28, 2011 when compared with the same day last year. "Cyber Monday is traditionally a strong day for Coastal and this year was no exception," stated Roger Hardy, Coastal's Founder and CEO. "Eyeglasses sales grew more than 150% over the same day last year, with orders coming from both new and returning eyeglasses customers. We continue to focus on providing consumers with

Slipcover and home accessories supplier Sure Fit Inc. has acquired the assets of the Patio Armor brand from Trilink Global LLC.Financial terms were not disclosed nor was the size of the acquired company.Patio Armor products include heavyweight fabric covers for patio furniture, grills and other outdoor items. Its major accounts include The Home Depot, Costco, Amazon and Factory Direct. The company is based in Atlanta and will retain its own headquarters.Tom Atchison, who has served as director of sales of the Trilink business since 2008, has joined Sure Fit as VP of sales - outdoor division."The Patio Armor brand

Mobile commerce is still small compared to the overall e-commerce market, but m-commerce sales are on a steep upward trajectory thanks in part to increasing adoption of smartphones and rising mobile internet usage, according to a new forecast by eMarketer.

Last week, the Indian cabinet approved a 51 percent FDI in multi-brand retailing and a 100 percent FDI in single-brand retailing, opening the door for hypermarkets and supermarkets such as Wal-Mart and Tesco.

CHARLOTTE, N.C., Dec. 1, 2011 /PRNewswire/ -- The Cato Corporation (NYSE: CATO) today reported sales for the four weeks ended November 26, 2011 of $63.6 million, a 3% decrease from sales of $65.7 million for the four week period ended November 27, 2010. Same-store sales for the month decreased 5%. Sales for the ten months ended November 26, 2011 were $762.7 million, an increase of 1% over sales of $754.7 million for the ten months ended November 27, 2010. The Company's year-to-date same-store sales decreased 1%. "November same-store sales reflect the continuing difficult environment for middle and lower income

Searching online wish lists, guessing or just directly asking people what they want as gifts is so 20th century, therefore Wal-Mart is launching a new approach for the holidays — its Shopycat app that scours Facebook profiles, updates, comments and likes to come up with gifts for your friends.

FORT WORTH, Texas — Comps continue to improve at Pier 1 Imports, thanks to increased traffic and average ticket size. The company reported that comparable-store sales for the third quarter increased 7%. This was on top of a 10.2% comps increase in the prior-year period. Total sales for the quarter increased 8.2% to $383 million compared with $354 million in the year-ago quarter. The company said it expects third-quarter earnings to be in a range of 20 cents to 21 cents per share, up from the company’s previously reported estimate of 18 cents per share. Alex W. Smith, President

The Retail Industry Leaders Association (RILA) is calling on Congress to step in to avert a work stoppage that would disrupt retail supply chains during the holiday shopping season and well into 2012, as railroad negotiators could lead to a nationwide shutdown on Dec. 6.

The head of Utah-based Overstock.com argued before Congress yesterday that requiring online retail outlets to collect taxes in 45 states would be overly burdensome and benefit only big-box retailers.

The internet is the new Sunday paper, with two-thirds of Americans now learning about in-store deals online, according to the latest Audience Insight Survey from interclick.