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In its latest survey on e-commerce shipping practices, Stamps.com found that 64 percent of respondents report that free shipping is the most effective promotion they can offer during the holiday season.
The shoe retailer and wholesaler anticipates ending 2010 with 400 company-owned retail locations and plans to open another 100 sites by the end of 2011, mostly outside the U.S.
Norstrom Inc.'s fiscal third-quarter earnings jumped a more-than-expected 43 percent on sales and margin gains. However, the company's expanding clearance division saw comparable sales drop.
Google has announced the launch of local availability results in Google Product Search on desktop. Search for a product and click on the “nearby stores” label, and you can easily find a list of stores to call to check availability, and in many cases, information about whether the product is in stock nearby.
The Baby Collection from FAO Schwarz is now available at the FAO Schwarz Fifth Avenue store in New York City, specialty boutiques in Babies"R"Us locations nationwide and online. The exclusive collection includes food preparation gadgets, bedding and nursery dcor, feeding items (bibs, burp cloths and dish sets), bath items, diaper bags, silver-plated gifts and keepsakes. In addition, an apparel range features sweaters, caps, coveralls and bodysuits. The entire line retails from $9.99 to $249.99. All items feature special FAO branding such as the recently redesigned logo, as well as a fairytale character named Wit. Besides the line's availability at
Off-price retailer TJX Cos. (NYSE:TJX) reported Tuesday a slightly better-than-expected third-quarter profit, as consumers sought cold-weather attire despite a warmer-than-usual September and October. The operator of discount apparel and home fashions stores such as T.J. Maxx, Marshalls, Homegoods and A.J. Wright, posted net income of $372 million, or 92 cents a share, compared with $347.78 million, or 81 cents a share, in the same quarter last year. Revenue for the Framingham, Mass-based company was $5.5 billion, up 5% from $5.24 billion a year ago, driven by 1% growth in comparable store sales.
Home Depot Inc. has reported that fiscal third-quarter net income climbed 21 percent on 1.4 percent higher sales. For the quarter ending Oct. 31, Home Depot earned $834 million, or 51 cents a share, compared with $689 million, or 41 cents, in the year-earlier quarter.
Luxury goods retailer Burberry has reported profit attributable to shareholders for the six months ending Sept. 30 of $133.3 million, a gain of 46 percent on profit.