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Mark Shale files for Chapter 11 bankruptcy protection
August 21, 2012

Chicago -- Chicago high-end fashion retailer Mark Shale said Tuesday it has filed for reorganization bankruptcy. The 83-year-old company is seeking strategic alternatives, including a partner to fortify the business, according to president Rich Myers....

Retailer Surcharges Would Dampen Credit Card Use
August 21, 2012

A proposed swipe fee settlement would give retailers the green light to charge consumers a surcharge for using a credit card, but a new poll suggests that consumers will not graciously accept the extra charge. According to a new poll by CreditCards.com, nearly two in three Americans -- 65 percent -- said they would stop using their credit cards if retailers start adding extra fees to credit card purchases -- regardless of how small that fee may be.

Reebok Fit Hub makes U.S. debut
August 21, 2012

New York -- Reebok has opened its first Reebok Fit Hub in the United States, on Fifth Avenue at 37th Street in Manhattan. The 2,500-sq.-ft. store is located on the top of a Reebok CrossFit Box gym, which is on the street level. It sells a wide range of...

Collective Brands shareholders approve sale of company
August 21, 2012

Topeka, Kan. -- Collective Brands stockholders voted at a special meeting on Tuesday to approve the sale of the company for about $1.32 billion. Collective, which owns the Payless and Stride Rite shoe store banners, had announced in May that it accepted...

Barnes & Noble narrows loss in Q1
August 21, 2012

New York -- Barnes & Noble reported Tuesday that it lost $41 million in the first quarter, compared with a loss of $56.6 million in the same period last year. Results were bolstered by sales of e-books and other digital content, said CEO William Lynch....

Cost Plus World Market launches new website
August 21, 2012

New York -- Cost Plus World Market has launched a new website as a part of the brand’s strategy to elevate its e-commerce business and provide expanded opportunities for customers to discover more at Worldmarket.com. This is the largest redesign of the...

Apple to open retail stores in Russia
August 21, 2012

Senior Editor, iLounge News Category: Apple Apple is planning to begin direct sales of its products in Russia, according to a new report. Citing Russian-language Kommersant, the Moscow News reports that Apple has registered a new company name, Apple...

Zara Launches iPad App For Shopping
August 20, 2012

Spanish apparel retailer Zara has launched . The free app, which is available in 19 languages, lets shoppers access the company?s latest online catalog and shop. Users can search for clothes by category and then select product pages which include the...

Macy's supports March of Dimes with 'Shop For A Cause'
August 20, 2012

NEW YORK — Customers who shop at Macy's and Macys.com on Aug. 25 can feel extra good, as the money raised during this charity shopping event will help support March of Dimes, a leading nonprofit organization for pregnancy and baby health. This year,...

Apple: Most valuable company of all time
August 20, 2012

New York -- Apple Inc. became the most valuable public company of all time on Monday, after its market value climbed beyond $620 billion to surpass a milestone set by Microsoft Corp. more than 10 years ago, Reuters reported. Apple shares reached a high...