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Christopher & Banks announced that it will close about 100 underperforming stores over the next three months as part of a restructuring plan that also includes format consolidations and workforce reductions.
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
Another Spice Girl is following Victoria Beckham into the design world, if not at quite the same level yet. Emma Bunton has joined forces with Argos to create a 99-piece childrenswear line which will be available in January 2012.
New York City -- Tiffany & Co. on Monday launched its first annual web-based Corporate Responsibility Report. The website (tiffany.com/sustainability) details the jewelerโs 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.
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.
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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."
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
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 Depotโs multichannel International business.
Adidas closed down all its websites last week after what it called a โsophisticated and criminal cyber attack.โ The company doesnโt believe that any consumer data was impacted, but plans to continue its investigation.