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On the heels of a strong performance in 2012 that included a 7.3 percent same-store sales increase, Nordstrom is investing heavily in its future. Two big areas of investment: online and expansion of the Nordstrom Rack outlet division, both in the United States and Canada. Some 24 new Rack locations are planned for this year, with more than 30 expected in 2014. The company is looking to double its Rack portfolio, from its current 119 locations to more than 230 stores over the next four years.
Steven E. Cochran assumes additional leadership responsibilities effective immediately. Share & Save Text Size - + multipage Delta Apparel Inc., the apparel supplier based in Greenville, S.C., announced that on Jan. 23, 2013 the companyโs board of...
SALT LAKE CITY โ Overstock.com has named two co-presidents, Stormy Simon and David Nielsen. A longtime officer and director of the company, Simon previously served as senior vice president in charge of customer and partner care. As co-president, Simon...
After launching major changes to search last summer, Etsy is now testing changes to the listing page layout. Marketplace sellers have become wary of any site changes, fearing the possible impact on shoppers' ability to find and purchase their items, and...
Apparel retailer The North Face has launched "Clothes The Loop," a program that encourages shoppers to recycle used apparel. Shoppers can bring used gear - any brand, any condition - to any of the 10 participating retail locations. For each drop off (one per day), they receive $10 off their next purchase. The items are then sent to a recycling center where they're sorted based on over 400 categories. They're then reused to extend their life or recycled into raw materials for use in products like insulation, carpet padding, stuffing for toys and fibers for new clothing.
Google's recent purchase of Channel Intelligence underscores its unstated goal of gobbling up every industry. This particular move is a not so subtle signal to the marketplace that Google intends to become the dominant player in global e-commerce, which in the U.S. alone is a $186 billion industry. Yes, for Google this isn't just about owning the entire retail ad marketplace. It intends to eat up all of retail, starting with e-commerce.
A California court has handed eBay a significant victory in a legal dispute concerning the e-commerce giant's right to suspend the accounts of sellers who it believes misrepresent merchandise on their stores and run afoul of the company's terms of service. In late January, the California Court of Appeal for the Fourth Appellate District upheld an earlier series of rulings exonerating eBay for alleged antitrust violations in barring offending merchants from selling on the marketplace.
New Albany, Ohio -- Abercrombie & Fitch Co.โs net income rose to $157.2 million for the fourth quarter, compared with $45.8 million a year earlier for a 13-week period. The chain said its net income was calculated using a new system for valuing inventory...
ST. PETERSBURG, Fla. โ HSNi Inc. reported that its fourth quarter net sales grew 7% over the prior year to $982.9 million. HSN's net sales increased 7% to $683.8 million, including 11% growth in digital sales. Cornerstone's net sales for the 13-week...
Seattle -- Nordstrom Inc. on Thursday reported that its fourth-quarter profit rose 20% to $284 million, compared to $236 million a year earlier. The company also forecast further increases in same-store sales for its new fiscal year. Revenue for the...