Say theres a concert scheduled at a major Los Angeles venue, but that managers smell gas in the air before the show goes on. Chances are that they will cancel the event and take a loss out of an abundance of caution, said Dov Charney, chief executive...
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Working hard to support the family day in and day out, mom will be more than recognized for her devotion this Mother's Day. According to the National Retail Federation's Mother's Day spending survey conducted by BIGinsight, consumers will spend an average of $168.94 on mom, up 11 percent from last year's $152.52. Total spending is expected to reach $20.7 billion.
Private equity firms TPG Capital and Warburg Pincus are exploring a sale or public offering of Neiman Marcus Group, according to a Bloomberg News report late on Sunday. The private equity firms, which bought the Dallas-based retailer in 2005 for $5.1 billion, have interviewed banks and are about to hire Credit Suisse Group AG to run the dual track process, according to the report, which cited two people familiar with the situation.
US internet retailing giant Amazon launched an Android app store in China, where users can download free and paid apps. In order to take full advantage of the huge mobile economy in China, Amazon launched its app store, thus one-upping rival Google....
San Jose, Calif. -- Orchard Supply Hardware Stores Corp. reported Monday a loss of $33.6 million for the quarter ended Feb. 2, widened from a loss of $7.3 million in the year-ago period. Sales for the quarter rose to $153 million from $141.6 million,...
Online home decor retailer One Kings Lane is debuting its first new brand today, launching a site aimed at allowing its users to sell items they own to other customers. Called Hunters Alley, the move to facilitate the sales of premium used decor and furnishings is part of an aggressive growth plan begun last year that has included the expansion of its offices and staff to compete in its main business of offering a curated shopping experience. Current competitors include Boston-based Wayfair, which
Mississauga, Ontario -- Target announced the soft opening dates for 24 locations in Western Canada, with 22 stores opening on May 7 and two opening on May 14. The openings, which include stores in British Columbia, Alberta and Manitoba, follow the...
Canton, Mass. -- Destination XL Group on May 5 launched a national advertising campaign designed to draw attention to the many challenges men who wear extra large sizes face when shopping for clothes and position Destination XO stores as the...
Ace Hardware and the Weather Channel have announced the launch of โRestore Your Outdoors,โ which pairs Ace's service with the local weather knowledge from The Weather Channel. As part of this program, homeowners from across the country can enter for a...
Jacksonville, Fla. -- Stein Mart reported Monday that it has restated its 2011 periods and first quarter 2012 results, released its full-year 2012 financial numbers, and said it will unveil several key initiatives in 2013. For the fourth quarter, net...