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Hot Topic in search of new chief store officer
September 7, 2012

CITY OF INDUSTRY, Calif. โ€” Jerry Cook has resigned as chief store officer of Hot Topic, the retailer announced Thursday. The resignation is effective Feb. 28 and because of Cook's plans relocate his family to Texas and pursue other professional...

Fashion Bug Selling Off $500 Million Inventory
September 7, 2012

Three limited-liability companiesโ€”SB Capital Group LLC, Tiger Capital Group LLC and Great American Group LLCโ€”have formed a joint venture to sell off $500 million in inventory from 568 Fashion Bug stores. Fashion Bug is a division of Bensalem, Pa.โ€“based...

Amazon May Launch Fire-Powered Smartphone
September 7, 2012

Amazon.com could be taking its rivalry with Apple out of households โ€” and onto the streets. According to a report yesterday, the online retailer has been developing its own-brand smartphone and, although it's doubtful that the launch is imminent, we could be hearing about it at the retailer's press conference in Los Angeles.

eBay Buys its Own Private Pinterest
September 7, 2012

eBay is where you go to hunt down a mint $150,000 Joe DiMaggio baseball card, retro bathing suits and a $6 Nickelback CD. But when it comes to browsing for bargains, the venerable 17-year-old tech company, which along with Amazon.com helped pioneer online shopping, is looking downright dowdy. Hoping to update its own look, eBay announced it's acquired product discovery site Svpply. Pricing details weren't disclosed by either company.


Lululemon profit up 49% as sales climb
September 7, 2012

NEW YORK (MarketWatch) -- Lululemon Athletica Inc. /quotes/zigman/39660/quotes/nls/lulu LULU +2.82% /quotes/zigman/39677 CA:LLL +1.95% said Friday its second-quarter profit rose to $57.2 million, or 39 cents a share, from $38.4 million, or 26...

J.C. Penney Sales Will Be Lower for Rest of the Year โ€ฆ And Then What?
September 7, 2012

In the first half of fiscal 2012, J.C. Penney's sales dropped 21.3 percent, or $1.7 billion. At an investor conference today, the company's chief financial officer indicated that the rest of the year will be consistent with that of the first half, or another 20 percent. This is in harmony with my forecast published here on Aug. 1. At this pace, the drop will total over $3 billion for the full year. While earnings will also be lower, the company reiterated its view that cash will build to $1 billion at year-end.

Levi names head of Docker's brand
September 7, 2012

SAN FRANCISCO โ€” Levi Strauss & Co has named longtime apparel executive Seth Ellison president of the global Dockers brand effective Sept. 10. Ellison has more than 30 years of apparel experience โ€“ including president of the swimwear group at Perry...

LevelUp is First Mobile Payment App to Let You Give Back While Paying
September 6, 2012

Mobile payment app LevelUp helps its users save money through incentives, loyalty programs and special offers. Now, the app has introduced a way for users to share a bit of their savings with their favorite causes. LevelUp launched Causes last week, becoming the first mobile payment ecosystem to integrate charitable giving. The Causes feature is a simple way to give a portion of your LevelUp rewards to a nonprofit of your choice.

Disney Baby opens its first store
September 6, 2012

New York -- The Walt Disney Co. on Thursday will open its first store under the Disney Baby banner, USA Today reported. The new store is located in Americana, an upscale shopping center in Glendale, Calif. โ€œThis gives Disney the opportunity to reach out...

Rookie USA makes retail debut with innovative in-store technology
September 6, 2012

New York -- A new, kids-only sports store in Manhattan, Rookie USA, is utilizing the latest in innovative HD projection and audio-visual technology to engage shoppers. The technology, the Tensator Virtual Assistant from Tensator, projects an image of...