Dallas -- Tuesday Morning Corp. said total sales for the third quarter ended March 31 increased 3.1% to $178.1 million, from $172.7 million in the year-ago period. Same-store sales rose 2.8%, boosted by increases in average transaction value and...
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FRAMINGHAM, Mass. โ Women are taking fashion into their own hands, according to a new study from T.J.Maxx and Dr. Hazel Clark, research chair of fashion at Parsons The New School for Design. Findings show that women are not confined by trends or siloed...
Most consumers today begin shopping long before they enter a store or add items to their online shopping cart. There's a wealth of consumer intent data produced during each stage of the buying process that could help retailers drive more sales, yet many fail to capitalize on these opportunities due to poor data collection processes and lack of integration between marketing and e-commerce platforms. These are the highlights of a recent survey of 85 retailers with online shopping carts conducted in February 2013 by Retail Systems Research (RSR).
Nokia has shut down its biggest store, the Shanghai Nokia flagship, as cost-cutting times continue for the troubled Finnish smartphone maker. Nokia opened the Shanghai flagship store to much fanfare as its worldโs biggest in 2007, but then the companyโs...
eBay is making a major move to boost its profile in the fast-growing Russian ecommerce market, taking the wraps off of a new marketplace with native-language listings. The company on Wednesday announced the launch of eBay.com in Russia, the formal coming...
Wayfair.com is one of those e-commerce companies that hasn't gotten large amounts of media attention, but has quietly been able to create a solid business around selling home goods and furniture online. Last year, the company, which was born from CSN Stores, raised $36 million in new funding and revealed that it's seeing $600 million in annual sales (and $2.5 billion in home furnishings sales to date).
Ron Johnson lasted just 17 months as CEO of J.C. Penney. A J.C. Penney spokeswoman confirmed that Johnson is stepping down and will be replaced by his predecessor, Myron "Mike" Ullman, effective immediately. Ullman has also been elected to Penney's board of directors. "We are fortunate to have someone with Mike's proven experience and leadership abilities to take the reins at this important time," said Thomas Engibous, chairman of the board of directors, in a statement. "He's well-positioned to quickly analyze the situation J.C. Penney faces and take steps to improve the company's performance."
Both retailers are back in court over a battle to sell select Martha Stewart branded products, reports CNBC's Courtney Reagan.
I'm no expert in the logistics behind comparison shopping engines (CSEs), but I am definitely an expert in using them. It's as simple as a Google search, and voila, you have a price comparison of the item you desire from sites all over the internet. It's just so darn convenient! Why would anyone want to take on a crowded mall when they could order all the same things, at more competitive rates, from the comfort of their home?
Former J.C. Penney Co. Chief Executive Officer Allen Questrom said the retailer should be prudent as CEO Ron Johnson implements a plan to turn most of the chainโs locations into collections of boutiques. โIn high-risk situations, one needs to be prudent," Questrom said in a telephone interview. "Decisions can't be Powerball chances. You're responsible for employees and managing shareholders' money."