January 21, 2011
The Men's Wearhouse announced that Grace Nichols has been elected to the company's board of directors, effective Jan. 30, increasing the number of directors to nine.
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January 21, 2011
Fifty-five percent of consumers rated their online holiday shopping experience as “good,” equivalent to a “B” grade, according to the Baynote Holiday Online Shopping Experience Survey. Twenty-three percent said they had an excellent experience and 17.6 percent said it was just average. Compared to last year, 51 percent of shoppers said their experience was the same compared to 46 percent who said it improved.
January 21, 2011
Five months after joining eBay as General Manager of eBay Fashion, a newly created role, Miriam Lahage is moving to another new position - this one focused on growing eBay's fashion business in Europe. eBay's Fashion business in the U.K. and Germany grew faster than ecommerce last year. Last year, eBay launched its Fashion Outlet in the UK and Germany, attracting well known brands, including Superdry, L.K. Bennett, Jigsaw and Ted Baker. eBay also recently acquired brands4friends, Germany's largest online shopping club. Lahage will go from being responsible for growing and driving innovation across eBay's multibillion-dollar fashion category to
January 21, 2011
Sherwin-Williams plans to launch "HGTV Home by Sherwin-Williams," an exclusive line of interior paint and painting supplies in the second quarter of 2011. The licensing partnership includes eight color collections, each containing 20 coordinating colors; and branded tools including brushes, paint rollers, tape, gloves, and drop cloths. "The new alliance capitalizes on the strengths of both organizations, incorporating HGTV's popularity and design knowledge with Sherwin-Williams trusted expertise and high-quality products," says George Diver, senior vice president of marketing at Sherwin-Williams.
January 21, 2011
The new year creates an opportunity to review product and retail strategies with a view toward continuous improvement. Nowhere is this more relevant or important than in merchandising strategies. To take a closer look at these strategies, SymphonyIRI Group released its current issue of Times & Trends, "Merchandising Trends: Achieving Differentiation with a Shopper-Centric Approach," which explores current and emerging merchandising trends that CPG marketers have embraced during the last few years in an ongoing effort to satisfy shoppers’ rapidly changing definition of value.
January 21, 2011
Retailers in 2011 will be intent on actively growing their businesses and improving customer insight capabilities, in addition to continuing efforts begun during the economic downturn to stabilize operating costs and focus on financial discipline, according to a report from the National Retail Federation’s research and education arm, the NRF Foundation, and KPMG LLP, the U.S. audit, tax and advisory firm.
January 21, 2011
Littleton-based equestrian retailer Dover Saddlery Inc. saw total revenues increase 6.1 percent in the fourth quarter of 2010, according to preliminary unaudited numbers, the company said.
January 21, 2011
Amazon is acquiring the European subscription entertainment service LOVEFILM International — dubbed as Europe's version of Netflix — through a deal that values the company at a reported $550 million.
January 21, 2011
Lowe's said that Executive Vice President and Chief Information Officer Steven Stone is leaving the company in order to pursue other interests. Lowe’s has named Michael Brown, executive vice president of store operations and Lowes.com, as Stone’s successor. Brown will report to chairman and CEO Robert Niblock.
January 20, 2011
Indianapolis-based hhgregg Inc. expects to enter the Pittsburgh, Chicago and Miami markets in 2011. "Our new store productivity remains strong, and we continue to identify and secure exciting new locations, which continue to move us another step closer toward our goal of becoming a national retailer,” said Dennis May, president and CEO of hhgregg. The electronics and appliance retailer plans to enter Pittsburgh this spring, Miami in the summer and Chicago in the fall. Work already has begun on putting stores in Cranberry, West Mifflin, Wilkins and North Fayette, Pa., according to township records. Store officials estimate that the
