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DSW steps up growth plan
November 20, 2012

Leading footwear retailer DSW said it would open between 25 and 30 new stores next year, adding to an existing base of 364 units. The company disclosed its expansion plans in conjunction with the release of third quarter results that saw same store...

Feds Sue eBay Over Alleged Hiring Collusion
November 20, 2012

While it doesn't have the headline-grabbing elements of a CIA sex scandal, eBay is facing major embarrassment after the Justice Department and the state of California sued the company over the content of emails allegedly sent between its former CEO Meg Whitman and board member Scott Cook, CEO of Intuit. According to the complaint, the CEOs at eBay and Intuit entered into an agreement as early as 2006 to restrict their ability to actively recruit employees from each other's company. In 2007, the pact allegedly evolved into an agreement that eBay wouldn't recruit Intuit's employees.

Urban Outfitters Q3 profit misses; to open 49 stores next year
November 20, 2012

Philadelphia -- Urban Outfitters reported Monday that net income in the third quarter rose 17.4% to $59.5 million, compared with $50.7 million in the prior-year period but missing Wall Street estimates. Sales rose 13.6% to $692.9 million, narrowly...

10 Things Stores Won’t Say About Black Friday
November 20, 2012

Stores are anticipating a huge turnout (read: crowds) this year. According to a survey conducted by management consulting firm Accenture, 53 percent of consumers say they plan to shop on Black Friday, up from 44 percent last year. That would reverse three years of declining consumer interest in the day, based on the company's previous surveys.

Belk Net Income Up in Q3
November 20, 2012

Investments in store renovations and relocations at Belk Inc. are continuing to pay off. The Charlotte, N.C.-based regional department store said third-quarter net income increased to $11.1...

Victoria’s Secret takes the wraps off redesigned NYC flagship
November 20, 2012

New York -- Victoria’s Secret has reopened its New York flagship with a re-design that embodies the brand's sexy, sophisticated and glamorous spirit with a nod to its heritage. Click here to see photos. The three-floor, 8,000-sq.-ft. store, located in...

Walgreens’ Black Friday promotions go multichannel
November 20, 2012

Deerfield, Ill. -- Walgreens will be making a multichannel play for Black Friday customers through a mystery mobile coupon, the retailer announced Tuesday. “This promotion is an excellent example of how technology and innovation work together to provide...

Belk launches iPad shopping app
November 19, 2012

Charlotte-based retailer Belk Inc. has launched a shopping application for iPad tablets, according to a news release from the company. The app allows customers to browse fashions on Belk.com or in catalogs, create and save custom looks and wish lists,...

Cyber Monday Sales to Top $2 Billion
November 19, 2012

It's make or break time for U.S. retailers as the Thanksgiving holiday rolls in this week and the shopping phenomena known as Black Friday and Cyber Monday follow along. Expectations for this holiday shopping season have been both bright and a big muted....