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Sears is preparing to spin off its Hometown and Outlet stores as well as some hardware stores into a separate publicly traded company. Sears had signaled that it would split the companies back in February. There are a total of 1,238 Hometown, Outlet and hardware stores as of April 28, according to Sears, which is trying to turn around its business and spruce up its image. It's already closed five Hometown stores, eight hardware stores and one Outlet store.

Glenwillow, Ohio -- Fashion retailer Dots announced Tuesday it has named former Wal-Mart Stores senior VP Lisa Rhodes as its new CEO. Rhodes, who led Wal-Mart’s U.S. apparel merchandising division, has been charged with leading Dots’ march toward 1,000...

J.C. Penney just had one of its worst quarters ever — sales declined 23 percent to $3 billion, same-store sales fell 22 percent and internet sales sank 33 percent to $220 million. It's all the fault of CEO Ron Johnson, who embarked on a disastrous relaunch of the company in January which confused consumers and drove them away from its stores. On his conference call with Wall Street analysts, Johnson described his vision for getting the chain back on track in the remaining months of the year.

Tags: Social Media, Specialty Stores Charlotte Russe is launching newly redesigned e-commerce web and mobile sites that also leverage Facebook, according to a company press release from Fluid Inc., the digital agency behind the redesign. "Our...

A leading luxury fashion and home flash sales site, LuxeYard, Inc. (OTCQB: LUXR), announced the soft launch of a new division and website, De La Fashion (www.delafashion.com) today. The site, which will also feature Spanish and Portuguese translations,...

Apparel company Michael Kors Holdings Ltd reported higher-than-expected quarterly profit, helped by rising sales at its own stores and the roll-out of its boutiques at department stores, and raised its full-year profit forecast. Michael Kors, whose...

Framingham, Mass. -- TJX Cos. reported Tuesday that net income for the quarter ended July 28 soared 20.9% to $421.1 million, up from $348.3 million and marking the discounter’s third consecutive quarter of rising profits. Revenues beat projections by...

NEW YORK — American designer, Narciso Rodriguez, will begin an advisory role on Aug. 20 with Banana Republic in partnership with its EVP design and creative director, Simon Kneen, beginning with the fall 2013 collection. In an effort to build upon the...

PALO ALTO, Calif. — Shopkick, a shopping application that rewards shoppers for walking into stores and interacting with products, has teamed up with CVS/pharmacy to roll out a first-ever offering of walk-in and other rewards at a retail pharmacy, Shopkick...

WASHINGTON - U.S. retail sales rose in July by the largest amount in five months, buoyed by more spending on autos, furniture and clothing. The Commerce Department says retail sales rose 0.8 percent in July from June. The increased followed three months...