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...
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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...
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...
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.
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...
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...
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...
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...
While the companyโs 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 Needhamโs Charlie Wolf. The analyst found that Appleโs...
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...