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In June, Kathleen Mason lost her job as the CEO of Tuesday Morning, a home-furnishings chain. Now, she's claiming it's because her bosses found out she has breast cancer. Mason was ousted on June 5, shortly after the investment firm Becker Drapkin Management — which owns 5 percent of Tuesday Morning's common stock — wrote to Tuesday Morning's board of directors criticizing Mason's performance as chief executive.
An eBay spokesperson confirmed the company is testing same-day delivery through a new mobile app, another step as it continues to try to "take the e out of ecommerce." eBay Now is an invitation-only beta test for shoppers located in San Francisco that launched on Sunday (August 5). But eBay Now's same-day delivery service is restricted to brick-and-mortar purchases. According to eBay Local spokesperson Lina Shustarovich, "Users order products from local stores for same-day delivery, which usually occurs within the hour. eBay Now shopping valets pick up the item from a local store and bring it to the shopper
When a picture of a Wal-Mart self-checkout screen showing the wrong total for a purchase made its way around the web last week, many assumed it had been altered or perhaps the screen had been captured the instant before an update. But Wal-Mart has now confirmed that a software update impacted almost all of the chain's self-checkout units for about two weeks, causing incorrect and confusing displays. The receipts and the amounts charged, however, were reportedly correct.
Dow Jones Newswires U.S. fund manager Invesco Ltd. (IVZ) is planning to seize control of struggling U.K. retailer JJB Sports PLC (JJB.LN), the Sunday Times reports without citing sources. Invesco, the largest investor in JJB Sports with a 47.3% stake, has tabled a proposal to buy the company's outstanding debt from Lloyds Banking Group (LYG), the paper reports. Invesco would then work with 3.1% shareholder U.S. retailer Dick's Sporting Goods Inc. (DKS) on a restructuring plan. JJB made a 101 million pounds ($158 million) loss in 2011 and last month admitted its finances were in a perilous state and
Kronos , global leader in workforce management solutions, released its Retail Labour Index for August. The report shows that the hiring has slowed for the second consecutive month, as has the number of applications submitted. Moreover, there has been a drop in the 60-day retention index. The report examines the state of the demand and supply sides of the labor market within the U.S. retail sector for July. The analysis and write-up are prepared by Macroeconomic Advisers . Chris Varvares, senior managing director and co-founder, Macroeconomic Advisers, said, "The Kronos Retail Labor Index edged down one-tenth to
M-commerce is a critical part of any retailers' multichannel offering. Here are some numbers revealing how important a good mobile offer is to today's consumers, from Foolproof's 'Going Mobile' study.
Godiva Chocolatier is using Monetate, a provider of cloud-based technology for online marketers, to improve its ability to deliver the right content and experiences to its online customers. Through its use of Monetate’s testing, targeting and personalization suite, Godiva is able to innovate, test and deploy functionality on its website for an improved customer experience that increases e-commerce revenue.
GREENWICH, Conn. - Blyth Inc. returned to a profit in its second quarter as revenue jumped because customers snapped up health-related products from its ViSalus business.The company, which sells home accessories and personal health products through house parties, by catalog and online, boosted its full-year earnings outlook due to the strength of ViSalus weight-loss and nutritional supplement business. Its stock gained more than 12 percent in morning trading Friday.Blyth said that customers clamored for its products during the April through June period because they wanted to prepare their bodies for the summer.The company earned $8.1 million, or 46 cents
Deerfield, Ill. -- Walgreen Co. said that its same-store sales fell 7% in July as its split with Express Scripts continued to hurt its top line. (The two companies last month reached an agreement to resume doing business, but that doesn't start until Sept. 15.) The company's pharmacy same-store sales were down 9.7%, while front end sales fell 2.4%. The performance missed analyst expectations.
New York -- An affiliate of Manhattan-based real estate company Jemb Realty Corp. has agreed to purchase the leases and certain intellectual assets of Daffy’s Inc. for $43 million, Bloomberg reported. The deal is subject to bankruptcy court approval. Daffy’s filed for Chapter 11 protection listing assets of $60.2 million and debt of $70.5 million as of July 1. The chain operates 19 stores, with the majority in the New York City metro area. A joint venture of Gordon Brothers Retail Partners LLC and Hilco Merchant Resources LLC will liquidate the chain’s merchandise, "Jemb Realty Corp. is looking forward