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Pier 1 Q3 profit rises 3%
December 13, 2012

Fort Worth, Texas -- Pier 1 Imports reported Thursday that net income for the third quarter rose 3% to $23.7 million, compared with $23 million in the year-ago period. Results matched Wall Street expectations. Revenue rose 11% to $424.5 million from...

Amazon Adds Facebook-Enabled Gift Suggestions
December 13, 2012

Amazon.com announced a new feature called Friends and Family Gifting, aimed at helping consumers better organize their gift lists and gift ideas for others, generate Facebook-enabled gift suggestions, receive reminders, and share their gift lists out via email or social networks like Facebook, Twitter and Pinterest. Many Amazon customers have already been using the site's Wish List feature to create custom lists for others for quite some time, and Amazon has also previously offered ways to search for public, shared wish lists by entering a friend's name or email address.

Lowe's Revamps Stores to Capture Larger Share of Customersโ€™ Wallets
December 13, 2012

Citing internal research indicating that nearly two-thirds of home improvement customers shop at more than one retailer and that lack of differentiation is the culprit, Lowe's newly minted Chief Customer Officer Gregory Bridgeford identified multiple steps the retailer is taking to grow share of wallet among its customers. "There's a real opportunity to create a more differentiated brand experience and earn greater customer loyalty," said Bridgeford during a recent presentation to analysts. "We've chosen to focus on delivering better customer experiences rather than differentiating on price or product alone."

Blyth, Inc.'s PartyLite Division Promotes Michael Norris
December 13, 2012

GREENWICH, Conn., Dec. 13, 2012 /PRNewswire/ -- Blyth, Inc. (NYSE: BTH), a direct to consumer company and leading designer and marketer of candles, accessories for the home, and health and wellness products sold through the direct selling and direct...

Amazon Not Slowed by Sales Taxes
December 13, 2012

It's long been argued by retailers operating brick-and-mortar stores in states where Amazon.com doesn't collect sales taxes that the e-tailing giant has an unfair advantage because consumers can save money by purchasing online. But a funny thing has happened as more states work out deals for Amazon to collect sales taxes โ€” the company continues to grow.

ShopperTrak: Retail foot traffic for week ending Dec. 8 up 7.8%
December 13, 2012

Chicago -- Shoppers continued their holiday quest during the week ending Dec. 8, according to ShopperTrak. Consumer activity drove a 7.8% increase in foot traffic and 6.5% increase in sales from the previous week. Consumers, however, were not as active...

Green Light for Revised USPS Standard Mail Flats Rate Rise
December 13, 2012

U.S. postal regulators have finally approved controversial new Standard Mail Flats prices at the U.S. Postal Service. USPS had suggested the Postal Regulatory Commission was going a little further than its remit when it rejected its original proposals...

Restoration Hardware swings to profit in Q3
December 13, 2012

Corte Madera, Calif. -- Restoration Hardware Holdings Inc. reported Wednesday net income for the third quarter of $1.7 million, compared with a loss of $4.8 million in the year-ago period. Revenue rose 22% to $284.2 million and same-store sales surged...