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Aeropostale sets opening of Times Square flagship
October 4, 2010

Aeropostale will open a flagship in the heart of Manhattanโ€™s Times Square on Oct. 22. The 15,000-sq.-ft. store is located at 1515 Broadway at 45th Street.The store will feature two levels of shopping, including a dedicated T-shirt shop, a โ€œDorm Room,โ€ a โ€œJean Library,โ€ and a second floor โ€œviewing roomโ€ that will look out onto Times Square below.Designed by GHA design studios, Montreal, the flagship pays homage to Aeropostaleโ€™s heritage and its New York City roots with authentic New York decor, which include the use oversized subway tiles to line the cashwraps on both floors.In keeping with its one-of-a-kind

Christopher & Banks Q2 results misses estimates
October 1, 2010

Christopher & Banks Corp. posted fiscal second-quarter results late Thursday that were below Wall Street's expectations. The chain reported a net loss of $2.5 million for the quarter ended Aug. 28, wider than the year-earlier loss of $2.1 million. Sales of $101.3 million were up slightly from $101.2 million.The retailer said that despite a solid start to the quarter, August sales fell short of expectations, leading to more promotions and putting pressure on gross margins. The company said customer reaction to its fall merchandise collection has been more positive.

Texas court signs judgment in favor of Dillardโ€™s
October 1, 2010

JDA Software Group announced Friday that a district court of the state of Texas signed a final judgment awarding $237.8 million to Little Rock, Ark.-based Dillardโ€™s. The defendant is i2 Technologies, which JDA acquired in January.A jury in Dallas County awarded Dillard's $225 million in the case in June. Dillard's alleged i2 did not meet its obligations in a licensing agreement, and it sued i2 for fraud and breach of contract and warranty.The $237.8 million judgment includes interest of 5% per year.JDA said it will appeal the judgment and file additional motions seeking a new trial and a smaller

Consumer spending rose more than forecast in August
October 1, 2010

Consumer spending in the United States rose more than forecast in August as households saw a surge in cash at their disposal, according to government data released Friday. Consumer spending rose 0.4% from July, the second straight month of increases after stagnating in June, according to seasonally adjusted data from the Commerce Department. The gain exceeded the 0.3% increase projected by economists.Income were up 0.5% , the biggest advance this year, propelled by the resumption of extended and emergency unemployment benefits as wage gains cooled.๏ฟฝ

Survey: One-third of online shoppers abandon transactions when encountering website issues
October 1, 2010

Retailers who operate in the online channel may have lost more than $44 billion dollars over this past year as a result of transaction problems on their website, according to a survey by Tealeaf, a leader in online customer experience management software.According to the Online Transactions survey, conducted by Harris Interactive, more than one-fourth of online shoppers (27%) would turn to an online or offline competitor if they encountered an online transaction issue. The survey also found that about two in three adults (66% ) have conducted a shopping transaction in the past year, and more than half (56%