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Rakuten CEO Criticizes Amazon Business Model
April 3, 2013

Occupying the top spot anywhere, be it a small hill on a playground or the multi-billion dollar world of ecommerce, means the one at the top will have people taking shots at them routinely. Ecommerce giant Amazon.com is no exception. Computerworld...

JoS. A. Bank sales sharp, but earnings slip
April 3, 2013

HAMPSTEAD, Md., โ€” JoS. A. Bank Clothiers reported that its net sales for the fiscal year were $1.05 billion, representing a 7.1% gain as compared with net sales of $979.9 million in fiscal year 2011. Comparable-store sales decreased 0.5% during fiscal...

Report: Best Buy and Target end Geek Squad test
April 3, 2013

New York -- Best Buy Co. Inc. and Target Corp. ended a partnership that positioned Geek Squad agents in Target stores in Denver and Minneapolis, the Minneapolis Star Tribune reported. The six-month pilot allowed Geek Squad personnel to offer services...

CVS settles federal claims in Oklahoma for $11 million
April 3, 2013

Oklahoma City -- CVS Caremark Corp. will pay $11 million to settle federal claims that the companyโ€™s pharmacies in the state violated record-keeping requirements of the Controlled Substances Act. Federal prosecutor Sanford Coats said Wednesday that CVS...

Bebe names chief merchant
April 3, 2013

Los Angeles - Bebe stores announced Wednesday it has named Katrina Glusac as chief merchandising officer, effective immediately. In her new role, Glusac will lead the merchandising, visual merchandising and planning & allocations teams in defining and...

Burberry's Fashionable Flagship
April 2, 2013

In 2014 Burberry will open a store on Rodeo Drive blurring the physical and digital worlds with smart personalization.

Higher Price at J.C. Penney Means Lower Prices at jcp
April 2, 2013

There's a wonderful Yiddish reflection that goes, "The difference between genius and stupidity is genius has its limits," which may explain the difference between Apple stores and J.C. Penney/jcp. What's interesting is the strategies for both retailers were set by the same person - Ron Johnson, formerly SVP of Retail Operations for Apple, currently CEO of jcp. It was J.C. Penney when he joined and announced his long and short-term strategies. Long term: re-do all of the stores in the 111-year old chain into mini-boutiques-under-one-roof, which

Destination XL Focuses Marketing Efforts With Hyperpersonalized Email
April 2, 2013

Big and tall men's retailer Destination XL Group is using CQuotient's advanced machine learning and predictive algorithms to create email campaigns tailored to individual shoppers at its physical stores and e-commerce sites. According to a recent survey of shoppers in the US and UK, 48 percent of respondents listed email as their communication channel of choice. Recognizing this preference among its own shoppers, Destination XL Group has teamed up with CQuotient to augment the benefits of its existing email marketing campaigns by taking a hyper-personalized approach.

Private sales site Totsy names new CEO
April 2, 2013

NEW YORK โ€” Totsy, a leading private sale site of children's goods has named Lisa Kennedy as CEO. "I'm excited to welcome Lisa to the team and look forward to seeing Totsy grow under her leadership. The company has grown very quickly since its founding...

Did Toys"R"Us Deliver a Big Warning for Retail?
April 2, 2013

Toys"R"Us has decided not to offer their shares publicly, as they had initially planned. In a Friday press release, the nation's biggest toy seller said they were withdrawing their IPO "due to unfavorable market conditions, and the company's recently announced executive leadership transition." But Friday also saw the company report miserable fourth-quarter earnings. Not only did company's net income slide 30 percent on a light drop in revenue, but U.S. sales dropped by two percent. And probably worst of all, same store sales plummeted 4.5 percent from the year prior.