_ RICHARDSON, Texas, Dec. 5, 2012 (GLOBE NEWSWIRE) -- Fossil, Inc. (the "Company") today announced that its Board of Directors has approved a new stock repurchase program. Under the new program, the Company is authorized to repurchase up to $1.0 billion...
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Houston -- Francesca's Holdings Corp. reported Wednesday net income of $11 million, compared with $6.1 million in the year-ago period. Sales surged 44% to $72 million, driven by a 16.7% increase in same-store sales as well as 76 new boutique openings...
Price wars are nothing new. Typically an airline will launch a price war on Tuesday, and that's usually followed by competitors matching or beating a market-specific airfare within hours. Big-box electronic stores do the same tactic with a competitor down the street, which usually then meets or beats the competitor's price. The price war has now extended deep into the internet. It's known as dynamic pricing. Retailers are hiring companies to change the price of products at a moment's notice depending upon market conditions and competitorsโ sales prices.
Reston, Va. -- Online holiday spending reached $21.4 billion for first 32 days of the November-December shopping season, up 14% year-over-year, according to comScore. The most recent week saw three individual days eclipse $1 billion in spending, led by...
Chicago -- A report on Wednesday from ShopperTrak showed that retail foot traffic increased 3.7% and sales increased 2.3% year-over-year for the week beginning Nov. 25, ending Dec. 1. This represented a 28.8% decline in traffic and 22.4% decline in...
West Chester, Pa. -- QVC announced that its wholly owned subsidiary, California Voices, has signed a definitive agreement to acquire Oodle, a social commerce leader that runs the Oodle Marketplace application on Facebook. The acquisition is expected to...
Philip Green, the billionaire owner of the Arcadia fashion business, is in advanced talks to sell a 25 percent stake in the Topshop and Topman chains to Leonard Green & Partners LP, said a person familiar with the matter. The deal is scheduled to be...
Comments 0 Related Media Advertisement GOODLETTSVILLE, Tenn. โ Dollar General here said Wednesday that restaurant executive Sandy Cochran has joined its board of directors, expanding the group to nine members. Cochran is president and chief...
New York -- As new CEO Ron Johnson works to transition the โoldโ J.C. Penney into a new era filled with shop-in-shops, he and his team have devised a way to keep the store looking fresh during the changeover: they use a lot of mannequins.
Deerfield, Ill. -- Walgreen Co. reported Wednesday that sales for November dipped 3.9% to $5.85 billion, compared with $6.09 billion for the same month in fiscal 2012. Total front-end sales decreased 0.3% and same-store front-end sales decreased 1.7%....