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Christopher & Banks Closes 100 Stores, Cuts Workforce
November 14, 2011

Christopher & Banks will close approximately 100 of its 761 stores by the end of January 2012, and accelerate plans to convert or consolidate a number of its existing Christopher & Banks and CJ Banks stores into dual format stores in a bid to return to profitable operations. The specialty women's apparel retailer has posted net losses in four of the past five quarters. In Q2 2011, net sales of $96.2 million represented a 5% decrease from the same period the previous year, with comp store sales declining 8%. Announcing the store closings, CEO Larry Barenbaum outlined the retailer's

Tiffany launches corporate sustainability website
November 14, 2011

New York City -- Tiffany & Co. on Monday launched its first annual web-based Corporate Responsibility Report. The website (tiffany.com/sustainability) details the jewelerโ€™s 2010 sustainability performance, and provides insight into its standards and operations regarding the sourcing of precious materials, as well as includes information on eco-friendly packaging and catalogs.

Shoppers With iPads Spend More
November 14, 2011

If an online shopper is using an iPad to browse retail sites, that shopper is likely to make more purchases and spend more money than someone using an Android device or a PC to shop online.

O, No! Overstock Backs Off O.co Name Change
November 14, 2011

Overstock.com officially rebranded itself as O.co about six months ago. It changed the sign on the NFL stadium to which it owns the naming rights, revamped its website with O.co signage and began an aggressive run of TV commercials that declared, "Overstock.com is now O.co."

Walmart Launches Facebook Campaign
November 14, 2011

The Walmart Foundation launched its 12 Days of Giving campaign, which asks Facebook users to write in local nonprofits to receive part of $1.5 million in grants this holiday season. The campaign will accept submissions via

Office Depot promotes Steve Schmidt to international president
November 14, 2011

Boca Raton, Fla. -- Office Depot said Monday that it has promoted current executive VP, corporate strategy and new business development Steve Schmidt to the position of president international. Schmidt, who will report to CEO Neil Austrian, will oversee Office Depotโ€™s multichannel International business.

Adidas Shuts Down Sites After Cyber Attack
November 14, 2011

Adidas closed down all its websites last week after what it called a โ€œsophisticated and criminal cyber attack.โ€ The company doesnโ€™t believe that any consumer data was impacted, but plans to continue its investigation.