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Aeropostale promoted a new chief financial officer as it unveiled a number of executive changes, the reshuffling coming after co-Chief Executive Mindy Meads announced her departure earlier this month.
DOW JONES NEWSWIRES Bed Bath & Beyond Inc.
Blockbuster plans to close 182 stores by early 2011. The company filed for Chapter 11 bankruptcy protection in September 2010, and already has closed more than 1,000 underperforming stores in the past two years.
Findings from a new GfK Roper poll demonstrate that American consumers are increasingly empowered by their mobile devices when it comes to researching products and finding the best prices while holiday shopping.
Pier 1 Imports attributed strong third quarter results to its improved ability to manage inventory effectively, including forecasting and planning down to the level of individual SKUs.
Petco has launched a mobile-optimized website offering on-the-go access to thousands of pet products, customer reviews, full-site search capabilities and a Petco store locator.
Online-shopping growth has been in the double digits since the start of the holiday season, and holiday e-commerce sales are up 13.5% over the comparable period last year, according to MasterCard's SpendingPulse report. "E-commerce continues to be the star of the holiday shopping season so far," says research director Mike Berry.
Kmart, Sears and Sephora are among 10 major retail and hospitality companies that have joined the eGift Social Marketplace. Through a Facebook application, the eGifting program allows consumers to send either tangible items or virtual gift cards to the recipient's Facebook account or email address.
Finish Line Inc.'s (FINL) fiscal third-quarter earnings fell as a prior-year gain from ending a takeover masked better-than-expected results. Shares in the athletic outfitter were down 1.5% at $18.50 in after-hours trading.
Best Buy has announced the rollout of health and fitness products at 600 Best Buy stores across the country and online at Bestbuy.com. The move aims to satisfy consumers' health and fitness needs through an array of traditional and new connected offerings for holiday gifting — just in time for New Year's health and fitness resolutions.