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Vitamin Shoppe to acquire Super Supplements
December 17, 2012

North Bergen, N.J. -- The Vitamin Shoppe announced that it has entered into a definitive agreement to purchase the assets of Super Supplements, a specialty retailer of vitamin, mineral and supplements for approximately $50 million. Super Supplements,...

H&M comparable sales drop 1 pct in November
December 17, 2012

STOCKHOLM, Dec 17 (Reuters) - Hennes & Mauritz , the world's second-biggest fashion retailer, said on Monday sales at stores open a year or more shrank 1 percent in November, beating a Reuters poll forecast for a 3 percent drop. Total sales in November,...

Staples president and COO resigns
December 17, 2012

Framingham, Mass. -- Staples Inc. announced Monday that its president and COO Michael Miles has left the company, effective Feb. 2. Miles has accepted a position with Boston-based investment firm Berkshire Partners.

Gift card sales to top $110 billion
December 17, 2012

Boston -- A report issued Monday by CEB TowerGroup found that sales of gift cards will surpass $110 billion and spillage will drop 20% to $1.7 billion. Propelling gift card sales past the $100 billion dollar mark is an increase in open loop gift cards...

Retailers mix holiday tunes and scents to spur Christmas sales
December 15, 2012

DURHAM -- Inside the wooden doors of Morgan Imports, Christmas trees twinkle with holiday lights as the words of Frosty the Snowman linger in the air. The scent of Fraser fir wafts through the space, and the temperature is kept on the chilly side ...

Best Buy extends its deadline for takeover offer
December 14, 2012

Best Buy plans to give its founder a reprieve from holiday shopping. The electronics retailer said Friday that it would give its founder, Richard Schulze, until Feb. 28 to make a takeover bid for the company. That will give Schulze and his private equity...

The Video Every Wal-Mart Supplier, Employee and Competitor Needs to See
December 14, 2012

Wal-Mart's President and CEO Mike Duke appeared earlier this week at a meeting of the Council on Foreign Relations where he shed light on a range of topics that weren't fully captured by headlines and soundbites from the event. Duke was a participant in the organization's CEO speaker series where for an hour he was politely grilled by Bloomberg president and CEO Dan Doctoroff and took questions on a broad range of topics.

Bon-Ton Stores to Pay $450,000 in Civil Penalty Related to Error With Drawstrings
December 14, 2012

An issue related to drawstrings has resulted in Bon-Ton Stores agreeing to pay a civil penalty in the amount of $450,000. The U.S. Consumer Product Safety Commission alleges that the fashion retailer knowingly failed to report to the commission that its children's hooded jackets and sweatshirts were sold with drawstrings through the hood. The penalty agreement has been provisionally accepted by the commission in a 3-0 vote.

Report: Square to Ink Payment Processing Deal With Burberry
December 14, 2012

Square has lined up its first luxury brand partner, a new report claims. Square and the Burberry clothing chain are testing out a deal to see how the payment processing might work in its stores, The Next Web reported, citing people who claim to have knowledge of the deal. The announcement could be made soon. Burberry Chief Technology Officer John Douglas already spilled the beans, albeit unofficially. On Twitter last week, Douglas noted that Square was "live in our Burberry Brit store in San Francisco."