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Rite Aid same store sales dip
May 2, 2013

Camp Hill, Pa. -- Rite Aid reported a 4% drop in same store sales for the four weeks ending April 27, 2013 compared to the same period a year earlier. The drugstore chain blamed part of the drop on the negative impact of an early Easter this year on...

PayPal Adds Mobile Support to Commerce Identity Login Technology
May 1, 2013

In 2011, PayPal debuted PayPal Access, a payments identity technology that allows you to carry your payments identity to various retailers on the web. It's essentially a cross between Amazon.com's payments platform and Facebook Connect. Yesterday, PayPal announced a new name for the product, Log In With PayPal, and added a number of new features, including mobile support. With Log In With PayPal, instead of signing up with a specific retailer's credentials on a site, you sign up with your PayPal account, which would include all of your financial, shipping and billing information, as well as your purchase history.

Jones Group swings to 1Q profit; lowers forecast
May 1, 2013

New York -- The Jones Group Inc. returned to a profit in the first quarter, but sales were hampered by unseasonably cool weather. The company said net income for the three months ended April 6, after paying preferred dividends, totaled $500,000. That...

Patent trial against Best Buy, other retail giants, under way
May 1, 2013

Robin Y. Richardson ryrichardson@marhsallnewsmessenger.com The Marshall News Messenger The patent infringement case of Alexsam Inc. v. Best Buy and several other retail giants began here Monday in the historic 1901 Harrison County Courthouse with U.S....

Brown Jordan to Open Retail Flagship Store
May 1, 2013

Luxury outdoor furnishings vendor Brown Jordan will open a new retail showroom at the South Coast Collection in Costa Mesa, Calif. The South Coast Collection is a destination for southern California design professionals and design-savvy homeowners. The...

Walgreens opens Boston flagship
May 1, 2013

Deerfield, Ill. -- Walgreens on Wednesday will celebrate the official opening of its latest flagship, located at School and Washington streets in Boston. The store is located in an old Borders store. โ€œWalgreens is thrilled to provide a flagship...

Quicksales Eliminates Fees to Compete Against eBay
May 1, 2013

Australian marketplace Quicksales is eliminating selling fees effective immediately as part of its strategy to compete with U.S.-owned eBay. Quicksales offers auction, fixed price and classified listings. The move to a free marketplace will be supported...

GUESS Appoints Chief Design Officer
May 1, 2013

/PRNewswire/ -- GUESS?, Inc. (NYSE: GES) announced today the appointment of Sharleen Ernster Lazear as Chief Design Officer, overseeing all product categories for the GUESS brands, and reporting to Paul Marciano, CEO of GUESS?, Inc. "We are very happy to...

Best Buy Drops Carphone, Exits Europe
May 1, 2013

Best Buy is leaving the European market. The company is selling its stake in a joint European venture with U.K.-based consumer electronics retailer Carphone Warehouse Group for cash and stock worth about $775 million (USD). Best Buy will also pay Carphone 29 million pounds (about $45 million) related to existing agreements that will be terminated when the deal closes. The U.S. retailer also said that it will incur an approximately $200 million asset impairment charge related to the stake sale.