aggregatedcontent

The Year for Retail on Forbes 2013 List of Most Powerful Women
June 3, 2013

It was said more than once at this year's student program at the National Retail Federation's BIG Show that retail is one of the few places that your last name doesn't matter, where you grew up is almost irrelevant, you can start at any level or any position, and you can end up at the top. Two retailers on the 2013 Forbes list of the 100 Most Powerful Women โ€” one new, one returning โ€” are shining examples of this statement.

Michael Kors to Add 50 Stores in North America
June 3, 2013

Michael Kors Holdings is on a roll. The white-hot luxury fashion and accessories company plans to open up to 50 stores in North America in its current fiscal year, plus additional units in Europe and the Far East. Michael Kors currently has 44 stores in Europe, with another 40 planned for its new fiscal year. The brand reported last week that its profit more than doubled on surging sales in the fourth quarter, ended March 30, topping another strong year for the company. Net income was $101.1 million, up from $43.6 million in the year-ago period.

Ikea to present loyalty program at annual conference
June 3, 2013

BURLINGTON, Mass. โ€” Ikea and 89 Degrees, a marketing solutions provider, will give a presentation on the companyโ€™s loyalty program at this yearsโ€™ Customer Relationship Management Conference Tuesday,...

Tiffany to open Moscow store
June 3, 2013

New York -- Tiffany & Co. has announced plans to open a two-level store in Moscowโ€™s GUM luxury department store, located in Red Square. At about 4,520 sq. ft., the new store is Tiffanyโ€™s first...

DSW Enhances Customer Experience With IT Investments
June 3, 2013

DSW continues to invest in IT, devoting 25 percent of its first quarter CapEx to enhancements in three areas, including supply chain, customer service and omnichannel. The retailer has also begun to reap the benefits of its size optimization system that was implemented in mid-2012, which will eventually allow it to be smarter in allocating sizes by store. Capital expenditures for the first quarter were relatively flat to last year at $19.8 million, of which $14 million was for opening and remodeling stores and the balance for IT projects.