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Pier 1 on the upswing in Q2
August 30, 2012

FORT WORTH, Texas — Pier 1 Imports continued its comps momentum, reporting a 6.7% increase for its second quarter on top of last year's 10.8% gain. The company's three-year cumulative comparable-store sales increased 28.7%. Total sales for the quarter...

J.C. Penney can go ahead with plans to sell Martha Stewart goods
August 30, 2012

New York -- New York State Supreme Court Justice Jeffrey Oing on Thursday denied Macy's Inc.’s attempt to block J.C. Penney Co. from proceeding with plans to sell a number of Martha Stewart Living Omnimedia home goods products in its stores. In January,...

How Zappos Could Help Pinterest Pin Down a Business Model
August 30, 2012

What wildly popular social network Pinterest lacks in revenue, it makes up for in users — 20 million to be precise. But after raising an eye-popping $100 million round that pegged the company's worth at $1.5 billion, internet-bubble theorists and venture capitalists wanted to know how this social network could possibly make money. Pinterest has yet to reveal a strategy, but a new feature from online retailer Zappos.com could offer one possible business model.

Apple Store Specialists Now Online
August 30, 2012

Apple has launched a new online service that allows potential iPhone or iPad customers to ask questions of an Apple Store specialist. "You can talk directly to a trained specialist over the phone, start a live online chat and even watch your specialist's screen during a personalized guided tour," said Apple.

Nine West Rolling Out Three New Retail Concepts
August 30, 2012

NINE WEST’S NEW CONCEPT: Nine West is about to start an aggressive rollout of three new concepts for its retail stores beginning next week in New York City. The first boutique, "The World According to 9," will open Tuesday at 555 Madison Avenue and...

DSW Opens Stores in Texas, California
August 30, 2012

Columbus, Ohio-based DSW Inc. has opened stores in Mesquite, Texas, and West Covina, Calif. The Texas store is located in Towne Centre Plaza at 2709 N. Mesquite Dr. The California store is located in Eastland Center at 2753 E. Eastland Center Dr....

H&M to open in Chile - Stores
August 30, 2012

Swedish retailer Hennes & Mauritz AB, popularly known as H&M , has announced that it will expand in Chile, and that the first flagship store will open in 2013 in Santiago.  This will mark the brand’s debut in South American continent. A company...

Kim Kardashian and Old Navy Settle Lawsuit Over Ad
August 30, 2012

Kim Kardashian has settled a lawsuit against Old Navy claiming the clothing retailer violated her publicity rights by using a look-alike in an ad. Kardashian sued over the spot in July 2011, claiming the company's use of a model who looked like her might confuse consumers about her actual endorsements, which include a clothing store and shoe line.

Retailers Enjoy Strong Sales in August
August 30, 2012

Costco Wholesale Corp (COST) and Limited Brands Inc (LTD) both beat Wall Street August same-store sales expectations in what is expected to be a healthy month for U.S. retailers as parents and students wrapped up back-to-school purchases. Analysts...