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VF posts record revenue growth
February 15, 2013

Apparel manufacturer, VF Corp. reported that its fourth quarter 2012 revenues rose 4% (5% in constant dollars) to a record $3 billion from $2.9 billion in the same period of 2011 driven by strength in the outdoor and action sports and sportswear...

GNC reports strong Q4; to open 180 stores in U.S. in 2013
February 15, 2013

Pittsburgh -- GNC Holdings is bullish on expansion. Reporting impressive results for the fourth quarter, the retailer plans to open approximately 150 net new U.S. stores in 2013, along with 30 net new domestic franchise locations, and 175-200 net new...

Ascena Retail Group Names President of Global Sourcing
February 15, 2013

SUFFERN, N.Y.--(BUSINESS WIRE)--Ascena Retail Group, Inc. (NASDAQ: ASNA) today announced that they have named Ronnie Robinson to the position of President of Ascena Global Sourcing (AGS). "Leveraging our sourcing capability across all our brands is an...

Tiffany Launches Legal Tiff With Costco
February 15, 2013

One of the world's leading luxury brands has filed a suit against one of the world's largest discount retailers over allegedly false claims on engagement rings. Tiffany & Co. is suing Costco Wholesale Corp. to find out how many of the supposedly counterfeit rings the big-box retailer sold, the source of the rings and, of course, for monetary damages. This suit could have the same result of a similar 2004 charge that Tiffany leveled against eBay. In that case the court said it was Tiffany's responsibility to figure out the source of the counterfeit jewelry, not eBay's.

Former Ulta CEO to Head Michaels
February 15, 2013

Michaels Stores has named Chuck Rubin CEO and a member of the board of directors. Rubin, currently the president and CEO of Ulta Beauty, will assume his new roles after a brief period of transition, at which time Michaels will discontinue...

Report: Founder of Best Buy May Give Up on Takeover Bid
February 15, 2013

Richard Schulze, founder of Best Buy Co., may abandon a buyout bid and instead line up investors to take a minority position in the electronics retailer, Reuters reported. Schulze informed the Best Buy board in August that he was interested...

Fairness Act Deals Tax Blow to Online Retailers
February 15, 2013

The apparent advantage online retailers have over their brick-and-mortar counterparts may soon be gone now that new legislation seeking to enforce the collection of sales tax for all retailers has been introduced. Introduced by Senators Mike Enzi...

Report: Office Depot in talks to sell off rest of Mexican unit
February 15, 2013

New York -- A Friday report by Bloomberg said that Office Depot is considering selling the remaining 50% of its Mexican unit to Grupo Gigante SAB, which currently owns the other half. Citing unnamed sources, Bloomberg reported that Grupo Gigante is in...

Are Apple's Retail Stores Still Thriving?
February 15, 2013

While the companyโ€™s retail stores continue to play a critical role in building the Apple brand, the performance of this portion of the business has been mixed of late, according to Needhamโ€™s Charlie Wolf. The analyst found that Appleโ€™s...

The Vitamin Shoppe closes on acquisition of Super Supplements
February 15, 2013

North Bergen, N.J. -- The Vitamin Shoppe announced that it has closed on the previously announced purchase of Super Supplements, a specialty retailer of vitamins, minerals and supplements for approximately $50 million. The acquisition was funded with...