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Caribou Coffee no longer to open shops inside J.C. Penney
March 15, 2013

Minneapolis -- A Friday report by Bloomberg said that coffee purveyor Caribou Coffee has lost interest in opening shops inside J.C. Penney Co. stores. The revelation comes just six months after Penney CEO Ron Johnson announced Caribou Coffee as a...

The Stream Series: The Future of Retail
March 15, 2013

There were so many interesting discussions to share from the recent Stream unconference, but the one that inspired me most was on the future of retail. Around 50 retailers and those passionate about the industry came together on the Phuket Club Med lawn to reflect for an hour on the enormous change our industry has experienced in the last 10 years, and how that rate of change will probably be very minor compared with the 10 years ahead of us. How can we as retailers prepare for and take advantage of this change?

Zumiez Q4 profit up 22%; 60 new stores planned for 2013
March 15, 2013

Lynwood, Wash. -- Zumiez Inc. said Thursday its fiscal fourth quarter net income rose 22.1% to $22.9 million on improved sales. Revenue for the quarter, ended Feb.2, (14 weeks) increased to $224.4 million from $183.9 million in the year-ago period (13...

Target Buys Online Stores of Food Network and Rachael Ray
March 15, 2013

Target is buying Chefs Catalog and Cooking.com, which owns and operates online stores for the Food Network, Rachael Ray and Calphalon, for an undisclosed amount. Chefs Catalog, headquartered in Colorado Springs, Colo., is a direct-to-consumer cookware retailer that sells bakeware, cutlery, kitchen tools and cooking utensils. Cooking.com, based in Marina Del Rey, Calif., is an e-commerce company that operates online stores. The two transactions are separate and are both expected to close within 30 days.

Brown Shoe swings to profit in Q4
March 15, 2013

St. Louis -- Brown Shoe Co. reported Friday that net income of the fourth quarter was $4 million, compared with a loss of $8.2 million in the year-ago period. Sales rose to $640.2 million from $628.9 million. For full year 2012, profit edged up to...

Aeropostale posts Q4 loss; will open 60 kids stores in 2013
March 15, 2013

New York -- Aeropostale Inc. reported an unexpected loss for its fourth quarter, hurt by declining same-store sales and store asset impairment charges. The teen apparel chain also forecast a loss for the current quarter, citing markdowns and a weak...

Destination XL Group profit falls; to open 230 DXL stores by 2016
March 15, 2013

Canton, Mass. -- Destination XL Group reported Friday that net income for the quarter ended Feb. 2 dropped to $4.2 million from $33.5 million in the year-ago period, as the company continued its transition from Casual Male to Destination XL....

Voters Say Marc Jacobs, Saks are Fashion's Digital All-Stars
March 15, 2013

Style Coalition revealed the Fashion 2.0 Award winners, those who, in the voting public's eye, are owning the online branding game. Barneys' creative director and man about town, Simon Doonan, was the keynote speaker, and a new categorie, "Best Pinterest," was announced. See who won that, as well as "Best Online Video," "Best Facebook," and "Best Twitter" after the jump.

Target to Open 14 In-Store Clinics
March 15, 2013

Minneapolis-based Target Corp. plans to open 14 new clinics during the next few months, according to the Chicago Tribune. Three of the new clinics will be located in the Chicago-area stores in Willlowbrook, South Elgin and on Peterson Avenue. Construction...