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Hot Topic CFO to resign
January 22, 2013

City of Industry, Calif. -- Hot Topic announced that its chief financial officer, Jim McGinty, has resigned, effective March 29. The company said that George Wehlitz, VP finance will serve as interim CFO. McGinty had worked for Hot Topic Inc. for the...

Groupon Hits Pause Button on Gun-Related Deals
January 22, 2013

Groupon is ducking for cover, canceling gun deals until it sees how the post-Sandy Hook environment shakes out, according to Crain's Chicago Business. "All scheduled and current gun-related deals featured on Groupon North America, including shooting ranges, conceal-and-carry and clay shooting, have been placed on hiatus while we review internal standards that shape the deal inventory we feature," the company said in a statement Saturday. "The category is under review following recent consumer and merchant feedback."

Tuesday Morning reports 2Q loss
January 22, 2013

DALLAS โ€”Tuesday Morning reported that for the second quarter, the company's net sales increased 4.5% to $285.3 million, from $273.1 million in the second quarter of fiscal 2012. The company reportd that its net loss for the quarter was $21.5 million, or...

Walmart Increasing Its Presence in Canada
January 22, 2013

Wal-Mart Stores Inc. (NYSE: WMT) is making an expansion in Canada, which some investors may say is on the heels of a similar move from rival Target Corp. (NYSE: TGT) that already has begun. Walmart๏ฟฝ Canada has announced that it plans to complete at least...

Benetton Commits to Greening Supply Chain
January 22, 2013

Benetton Group is the latest global apparel company to join Greenpeaceโ€™s Detox Program. The Italy-based retailer, which operates 6,500 stores in 120 countries, is another coup for Greenpeace. With its commitment to eliminate the release of toxic chemicals...

DSW Tries to Increase E-Sales in Stores
January 22, 2013

DSW Spokeswoman Christina Cheng explains it this way: "If you happen to be in a store and it didn't have your size, store associates can look up the store within the nearest proximity and complete the sale for you from that location in a seamless transaction." VendorNet, a web-based supply chain management firm, and its StoreNet software represent the engine behind the online sales concept.

Hot Topic (HOTT) CFO Resigns, Interim CFO Named
January 22, 2013

FREE Breaking News Alerts from StreetInsider.com! E-mail Address Top NewsMost Read Highlighted Get AlertsHOTT Hot Sheet BUY ( Up) Hot Topic, Inc. (Nasdaq: HOTT) announced that Jim McGinty has resigned as Chief Financial Officer, effective March...

Tuesday Morning names COO
January 22, 2013

Dallas -- Tuesday Morning Corp. announced the appointment of John C. Rossler as executive VP, COO, effective immediately. Rossler has been serving as an executive advisor to Tuesday Morning since October, 2012, and his focus has been primarily on...

Blockbuster to close 300 stores
January 22, 2013

Dallas โ€“ Blockbuster will shutter about 300 of its stores in the United States in the coming weeks. The closures will result in the loss of about 3,000 jobs and leave the chain with some 500 U.S. locations, according to a spokesman for Blockbuster parent...