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Hibbett Sports net income dips
May 28, 2013

Birmingham, Ala. โ€“ Hibbett sports reported a slight dip in net income during first quarter fiscal 2013, although same-store sales and net sales showed some improvement. Net income for the quarter...

H&M to Open Store in Istanbul
May 28, 2013

Stockholm-based H&M Hennes & Mauritz AB (H&M) will open a COS, Collection of Style, store in Istanbul. The new...

Abercrombie & Fitch reports net loss
May 28, 2013

New Albany, Ohio -- Abercrombie & Fitch shrunk its net loss during the first quarter of 2013 but still reported thin financial results. Net loss for the quarter was $7.2 million, compared to $21.3...

Sears Turning Old Department Stores Into Data Centers
May 28, 2013

Sears Holdings, which also operates franchises your mom used to shop at like Kmart and Landsโ€™ End, has been in a "death spiral" for some time now, a classic victim of disruption, first from big-box discounters like Wal-Mart and then from the web. Searsโ€™ most recent and representative quarterly report last week showed declining margin rates, net losses of $279 million and a financial performance the company's CEO called "unacceptable."

West Elm going global
May 28, 2013

Brooklyn, N.Y. -- Home furnishings retailer West Elm, a division of Williams-Sonoma, has announced its first international locations. The company...

The Only Thing Amazon Has to Fear is Amazon Itself
May 28, 2013

Amazon.com dominates in a way other companies don't. It's a technology company with a physical presence. Over the past year, Amazon has added about 25,000 employees. It's planning to build a new 3.3 million square-foot headquarters near downtown Seattle, complete with biospheres. It's expanding its square footage by additional millions as it builds new warehouses across the U.S. and around the world. Amazon has reached a point in its evolution where the company is now surfing a feedback loop of dominance.