November 1, 2012
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October 31, 2012
San Diego, Calif. -- Warehouse club operator PriceSmart reported Wednesday that net income for the quarter ended Aug. 31 rose to $17.7 million from $12.7 million in the year-ago period. Total revenue rose to $515.5 million from $447.4 million.
October 31, 2012
In addition to the general devastation wrought by Hurricane Sandy, including at least 46 deaths in the U.S. and millions without power, the "superstorm" has forced Wal-Mart, Target, Sears, Lowe's, Best Buy, Macy's and Apple to close hundreds of their stores.
October 31, 2012
New York -- Fifth & Pacific Cos.-owned Kate Spade said Wednesday it has completed the acquisition of joint-venture partner Sanei International Co.’s 51% interest in Kate Spade Japan Co. Kate Spade Japan was a joint venture that was formed between Sanei...
October 31, 2012
PVH Corp. and The Warnaco Group today announced that they have entered into a definitive merger agreement pursuant to which PVH will acquire Warnaco. The transaction values Warnaco at approximately $2.9 billion. With over $8 billion in pro forma revenue, PVH will be one of the largest and most profitable global branded lifestyle apparel companies in the world, with a diversified portfolio of iconic brands led by Calvin Klein and Tommy Hilfiger, as well as heritage brands Van Heusen, IZOD, ARROW, Bass, Speedo, Olga and Warner’s.
October 31, 2012
Hurricane Sandy ripped through the East Coast in such an unprecedented way that economic damages are estimated to total anywhere from $10 to $20 billion. The damages are still being assessed; roads, bridges, and mass transit systems are in disarray; and...
October 31, 2012
How would that Poang chair look in your living room? Now you can find out via this app by developers at District Nerds, which lets you "preview" furniture in the Ikea catalog to see how it would look in your house. The app, which wasn't sanctioned by the Swedish retailer, was built in four weeks, and since its release has had 35,000 users from over 90 countries. The developers told Creativity that they used their "iPhone-loving wives" to test the app.
October 31, 2012
Which industries benefited from Hurricane Sandy? Very few, one has to suppose. But among those must be e-commerce, which means another victory for Amazon.com Inc. (NASDAQ: AMZN), even if it was not entirely earned. With almost every major store, and all...
October 31, 2012
WAYNE, N.J. — The Toys"R"Us Children's Fund has pledged a $500,000 donation to Save the Children, a global humanitarian organization, to support its initial work and assessment of needs for children and families in evacuation shelters. These funds will...
