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A New York State Supreme Court Judge has ordered Macy's, J.C. Penney and Martha Stewart Living Omnimedia into mediation in a bid to resolve a dispute over a partnership with the Martha Stewart brand. The development Thursday comes as the companies were wrapping up the third week of a trial over whether Macy's has the exclusive rights to sell some Martha Stewart-branded merchandise, including bedding, cookware and bath items.
MASON, OhioโMark Weikel has been named president and CEO of Luxottica Retail Optical North America, a major division of Luxottica Group (NYSE: LUX). The elevation of Weikel to that role, as well as other executive changes among the leaders of...
Brandi Temple, a 39-year-old mother of four, transformed a living-room hobby into a retail company that ships 30,000 kidsโ garments a month using online social tools that giant competitors haven't mastered. Lolly Wolly Doodle Inc., the retail brand founded by Temple in 2010, makes most of its sales through Facebook, using the social network to set prices, take orders, forecast production, and even market and design clothes.
Allen Questrom, the former CEO of J.C. Penney, shredded current CEO Ron Johnson for what he has done to the struggling department store chain in an interview with CNBC's Scott Wapner today. Questrom is a legend in the retail world. His career included jobs running JCPenney, Neiman Marcus, and Barneys. He totally disapproves of what's happening at J.C. Penney and he let the world know it in colorful language
Carol Spieckerman reported this story on behalf of RetailWire. To see more of her commentary and analysis, visit the newmarketbuilders retail blog. How can a beloved and iconic brand maintain an emotional connection with its customers, even as it powers...
Seattle -- Nordstrom announced two new locations for Nordstrom Rack, with stores planned for Chicago and Jacksonville, Fla. In Jacksonville, Nordstrom Rack will open in The Markets at Town Center in Jacksonville, Fla. The approximately 35,000-sq.-ft....
NASHVILLE, Tenn. โ Genesco, a specialty retailer of sports apparel and accessories reported fourth quarter earnings of $38.7 million, or $1.63 per diluted share, compared with earnings from continuing operations of $41.5 million, or $1.72 per diluted...
New York -- Leslie Dach, EVP corporate affairs for Wal-Mart Stores, will step down in June. The retailer, which announced the news in a memo to employees, said it is actively searching for a replacement. The news was first reported by Politico. "Leslie...
New York -- Foot Locker Inc. on Friday said its fourth quarter profit rose to $104 million from $81 million a year earlier. Sales jumped 14% to $1.71 billion, including the benefit of an extra week. Same-store sales rose 7.9%. For fiscal year 2012,...
The law office of Brodsky & Smith said it's investigating potential claims against the Hot Topic board of directors related to the proposed acquisition by Sycamore. The law firm claims that while, under the proposed terms, Hot Topic shareholders would receive only $14.00 per share; one analyst has set a $16.40 per share price target for Hot Topic stock. Brodsky & Smith says the focus of its investigation will revolve around whether the Hot Topic board of directors failed to conduct an adequate and fair sales process prior to agreeing to the deal with Sycamore.