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Hennes & Mauritz AB (STO:HM-B), the Swedish retailer known to many as H&M, is on a quest to expand globally, with India and accessories as two key components of its expansion plan. REUTERS People shop in the newly opened Hennes & Mauritz (H&M) store...
New York -- Giving a much-needed boost to J.C. Penney Co., George Soros’ Soros Fund Management bought 17.4 million shares of the troubled retailer, according to a filing with the Securities and Exchange Commission. The stake, which was seen as a vote of...
SEATTLE--(BUSINESS WIRE)--Apr. 25, 2013-- Amazon.com, Inc. (NASDAQ:AMZN) today announced financial results for its first quarter ended March 31, 2013. Operating cash flow increased 39% to $4.25 billion for the trailing twelve months, compared with $3.05...
lululemon athletica is discounting its black luon yoga pants after the sheer pants debacle that resulted in a massive recall of the product. Brian Sozzi, chief equities strategist at Belus Capital, noticed a pair of the pants marked down at a Philadelphia store. Dozens of customers also tweeted their delight at finding a sale rack in stores.
NEW YORK — Avon has announced that nonexecutive chairman Fred Hassan has resigned his position after just four months so he can focus on other professional commitments. Hassan serves as a nonexecutive chairman of Bausch + Lomb and is a managing director...
NEW YORK — Christopher Finazzo, 57, a former EVP and CMO at Aeropostale, was found guilty of 14 counts of mail fraud, one count of wire fraud and one count of conspiracy. He faces up to 20 years in prison on each of the fraud convictions and up to five...
New York -- A Friday report by CNBC said that Goldman Sachs has lined up a $1.75 billion financing package for J.C. Penney Co., backed by the retailer’s real estate and other assets. The news, which has not yet been confirmed by Penney, comes a day...
When the rollout of Pier 1's point-of-sale system is completed this summer, the retailer will begin efforts to create a truly seamless cross-channel shopping experience.
Pittsburgh -- GNC Holdings reported Friday that net income for the quarter ended March 31 rose 12.5% to $72.6 million, compared with $64.5 million in the year-ago period. Revenue increased 6.5% to $664.7 million, from $624.3 million last year....
Since the birth of e-commerce in the mid-1990s, retailers have wrestled with the issue of sizing. If consumers can't try on a sweater or suit before they buy it, how do they know it will fit? Lack of understanding about size and fit can discourage sales on the consumer side, and when a consumer purchases the wrong size, they're apt to return it.
