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comScore, a leader in measuring the digital world, today released its second quarter 2012 U.S. retail e-commerce sales estimates, showing that online retail spending reached $43.2 billion for the quarter, up 15 percent vs. a year ago. This represents the 11th consecutive quarter of positive year-over-year growth and seventh consecutive quarter of double-digit growth.
J.C. Penney rose the most in more than six months after Chief Executive Officer Ron Johnson said his overhaul of the department-store chain is "on track" amid quarterly losses and plunging sales. J.C. Penney climbed 6.7 percent to $23.58 at 9:55 a.m. in New York and earlier added as much as 11 percent for the biggest intraday gain since Jan. 26. The shares dropped as much as 12 percent in pre-market trading after the company reported a $147 million second-quarter loss and said it wouldn't meet its profit forecast for the year.
Comments 0 Related MediaPHILADELPHIA — The U.S. Circuit Court of Appeals here has upheld rulings by a lower court blocking janitors who worked at Wal-Mart from suing the retailer as a class, and it also rejected their claims that the company approved of allegedly illegal working conditions. The court said the janitors should not be certified as a class because they worked at 180 different stores in 33 states for 70 different contractors and subcontractors and for varying hours and wages. Read more: Wal-Mart Deploys Wind Turbine The ruling stemmed from a case filed in late 2003 by individuals
Seattle-based Nordstrom Inc. is accelerating the growth of its Nordstrom Rack concept. The company plans to open 15 additional Rack stores before the end of the year, and 24 stores are planned for 2013. Currently, there are 110 Nordstrom Rack locations, and by the end of 2016 the company expects to operate more than 230 stores. SAVE | EMAIL | PRINT | MOST POPULAR | RSS DDI's RetailDesignDiva blog is dedicated to retail design issues, opinions and frustrations of the day.Read the Diva's recent rantings. DDI's Retail Design Newswire Sign up to receive the latest retail store news,
SHARE: Email Print LinkedIn Facebook Twitter In addition to responsible mining, corporate governance and charitable giving, Tiffany & Co. outlined important reductions in carbon emissions and packaging in its second annual corporate responsibility report. The jewelry retailer reduced United States Scope 1 and 2 greenhouse gas emissions by 14.7 percent per square foot from 2006 to 2011, surpassing its 10 percent reduction goal. The Tiffany & Co. New York affiliates headquarters were also consolidated into a LEED-CI Platinum office space. Another large initiative is upgrading it paper and packaging sourcing. At the end of 2011, 100 percent of suppliers
Microsoft reportedly is expanding its retail footprint in advance of its big reveal of Windows 8. Analysts say it's a smart move even as some question whether the company can generate enough buzz to make Windows a viable alternative to the iOS-Android duopoly in the mobile device market. Its got to give consumers a reason to go out there and upgrade, said Israel Hernandez, senior analyst and managing director at MKM Partners LLC.
San Francisco -- Fluid Inc., a digital agency and creator of on-demand, e-commerce solutions for retailers, has teamed up with specialty retailer Charlotte Russe to launch the brand’s newly redesigned e-commerce web and mobile sites. “Our customers are inherently social – they’re on the move and they want to share their experiences with their friends – and they don’t want to be limited by their location or device,” said Evelyn Lee, senior VP marketing and e-commerce at Charlotte Russe. “Now, regardless of how they access our brand, they’ll never miss a promotion or a Facebook conversation related to their
The four-year-old 77kids business is trading hands. American Eagle Outfitters Inc., which decided... content.isArchiveOnly = false reviewArticle.isArchiveOnly = user.hasArchiveAccess = var contentLevel = "paid"; if(typeof exitPopUps != 'undefined' && exitPopUps) } var homeURL = window.location.protocol +'//' + window.location.host; var searchInURL = (location.href.indexOf('search/results/slideshow')-1); if (searchInURL) } var backURL = document.referrer == "" ? homeURL : document.referrer; jQuery("#back-container").text("").html("Back"); jQuery(window).bind('customLoggedIn', function()}); // ArticleFinder Business Business Fashion Beauty Retail Media The Markets Globe Eye Footwear News Men's Accessories Choose By Clear Topic Financial Legal Technology Real Estate Human Resources Business Features Region North America Europe Asia Pacific Year 2012 2011 2010 2009 2008
This infographic from order fulfillment services provider Fifth Gear focuses on e-commerce' post-recession resurrection.
MENOMONEE FALLS, Wis. — Sales and earnings were disappointing at Kohl's, but the retailer remains optimistic heading into the fall. The retailer reported second quarter net income of $240 million, or $1 per diluted share, compared with $299 million, or $1.08 per diluted share, a year ago. Net sales were $4.2 billion, a decrease of 1% for the quarter. Comparable-store sales for the quarter decreased 2.7%. Kevin Mansell, Kohl’s chairman, president and CEO, said, “Our sales performance in the second quarter was disappointing. Our gross margin performance for the quarter, however, was better than expected. Our teams remain disciplined