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Wal-Mart to Inspect Bangladesh Factories, Won't Sign Pact
May 15, 2013

Wal-Mart said it wonโ€™t accept an agreement โ€œat this timeโ€ to improve fire and building safety in Bangladesh thatโ€™s supported by labor monitoring groups and signed by several retailers this week. Instead, in the wake of the deadly Rana

HSN's CFO takes on added role of COO
May 15, 2013

St. Petersburg. Fla. โ€“ HSN Inc. said Wednesday that it has appointed CFO Judy Schmeling to the additional role of COO, effective immediately. Schmeling has been serving as HSN's executive VP and CFO since 2001. In her new role, Schmeling will be...

Tailor Made: The Future of Retail
May 15, 2013

Anyone who has recently shopped or browsed on a tablet or smartphone knows that the retail experience is changing โ€” and it's changing for both consumers and retailers. Within a few years, the entire shopping experience is likely to be all about the consumer, from start to finish. Buying and returning merchandise will be different โ€” more consumer focused, more technology enabled and just plain easier.

Backlash against Abercrombie small sizes
May 15, 2013

_ CLEVELAND - Abercrombie and Fitch is again under fire for the sizes of clothing its stores stock, and a Los Angeles filmmaker has made waves for his satiric video that seeks to โ€œtransformโ€ the companyโ€™s brand. Greg Karberโ€™s YouTube video called...

Cache loss widens in Q1
May 14, 2013

New York -- Cache reported Tuesday a loss of $18.5 million for the first quarter, widened from a loss of $1.2 million in the same quarter last year. An income tax provision of $10.2 million and employee separation costs were cited as reasons for the...

Patagonia Launches a Venture Fund for Environmentally Responsible Startups
May 14, 2013

The next big environmentally minded startup may be funded by an unlikely source: Patagonia. The clothing giant recently decided to launch an internal venture fund, called $20 Million & Change, that will invest in startups working to make the world a better place via the clothing, food, water, energy and waste industries. Patagonia has never been a traditional clothing company. It's always cared more about environmental impact than most of its counterparts. Last year, the company went so far as to launch a campaign asking customers to buy less stuff. 

Amazon Launches 'Coins' Virtual Currency
May 14, 2013

Amazon.com yesterday launched its virtual currency program, dubbed Amazon Coins. To kick things off, Amazon is providing all Kindle Fire owners with 500 free Amazon Coins, which are worth $5. "You can use the coins to buy apps and games, as well as items inside apps and games," Amazon said in a note on its homepage. Amazon also said Amazon Coins are available to purchase at a discount, for savings of up to 10 percent depending on how many coins you purchase.

How a CEO Can Wreck a Brand in One Interview: Lessons From Abercrombie & Fitch vs. Dove
May 14, 2013

The power of a CEO to make (or break) a brand can never be overestimated โ€” even in an interview that took place seven years ago. That's just what has happened in the case of Abercrombie & Fitch: an incredibly ill-advised interview that A&F CEO Mike Jeffries granted to Salon magazine in 2006 has found new life on the internet. And if his comments โ€” including that he only wants the young, beautiful and thin to wear his clothes โ€” were insensitive and politically incorrect then, today they're practically an invitation to riot. 

Gap ready to sign safety accord for Bangladeshi factories
May 14, 2013

Gap Inc. said itโ€™s close to signing a fire and building safety plan for Bangladesh garment factories after one of the worst fatal factory collapses sparked outrage in the country. The San Francisco-based retailer, along with several others, came under...