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Despite an economy that continues to be tough for many consumers, another strong US online holiday shopping season is taking shape. Consumers will turn to the internet to stay within their budgets, locate hard-to-find gifts and avoid crowded stores, according to a new eMarketer report, "Online Holiday Shopping Forecast and Trends." U.S. retail ecommerce holiday sales (excluding travel) will reach $54.5 billion in 2012, up 16.8% over last year, according to eMarketer estimates. This will be the fourth consecutive year that online holiday sales (defined as sales in November and December) post annual growth in the mid-to-high teens
RICHARDSON, Texas — Fashion accessories retailer, Fossil Inc., announced that Michael L. Kovar will retire as CFO in March 2013. Kovar joined the company in March 2000 and was promoted to CFO in October 2000. The company is commencing a search for his...
Jacksonville, Fla. -- Stein Mart said Thursday that it received a notice of non-compliance on Wednesday from Nasdaq; specifically the retailer has not filed its second-quarter report. By rule, Stein Mart has 60 days to submit a plan to regain...
DALLAS - Neiman Marcus Inc. narrowed its fiscal fourth-quarter loss as the high-end department store chain's sales improved and it wasn't weighed down by costs from paying down debt, as it was last year. The privately held company, which is based in...
eBay has redesigned its logo, explaining, "The world of commerce is changing, and eBay is evolving with it." eBay Marketplaces President Devin Wenig announced the new look for the eBay brand in a letter on the eBay website. In his letter, Wenig wrote,...
TORONTO — Target is bringing its REDcard Rewards program to Canada. The company announced that its Canadian customers will receive an additional 5% off every day when shopping at Target with its REDcard products, which include the Target Debit Card and...
An Oshkosh, Wis.-based catalog company has been ordered to pay $95,000 to settle a discrimination lawsuit. The U.S. Equal Employment Opportunity Commission (EEOC) says Miles Kimball discriminated against a deaf worker. The EEOC says Laura Nejedlo asked to be trained in sign language for a new software program in 2007, but was turned down. Nejedlo says she was fired the next year, after 13 years with the company.
DALLAS, Sept. 13, 2012 /PRNewswire/ -- Haggar Clothing Co. announced that it has filled two key roles on its executive committee with the selection of William Davenport as the new CFO and Tony Anzovino as Vice President of Sourcing. The announcement...
"What works well is paying attention to extraordinary detail and not growth, for growth sake," says Millard Drexler, chairman & CEO of J.Crew, discussing what he finds works in growing his business.
More change is coming to Abercrombie & Fitch Co. (NYSE: ANF).� Well, maybe.� After yesterday's news reports that it had hired Goldman Sachs to seek strategic alternatives, shares shot up to $38 from $35 on the news because "strategic alternatives"...