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CrossView, a cross-channel commerce solutions and retail technology provider, announced key results from a recent study that found cross-channel consistency and superior customer service are two of the most powerful assets to help retailers win against the looming threat of showrooming. The study found that the most successful retailers focus on the fundamentals such as buy online, pick up in-store and consistent, transparent pricing and promotions.
Washington, D.C., Aug. 1, 2012 -- Paul Misener, vice president, Amazon global public policy, testified today before the U.S. Senate Commerce Committee. Following are his prepared remarks: Thank you, Chairman Rockefeller and Ranking Member Hutchison, for inviting me to testify. Amazon has long supported an even-handed nationwide framework for state sales tax collection, and only Congress may create this framework. To this end, Amazon believes that Congress should authorize the states to require out-of-state sellers to collect the sales tax already owed, and we strongly support enactment of S. 1832, a bipartisan bill already before the Senate. Mr. Chairman,
El Segundo, Calif. -- Big 5 Sporting Goods Corp.'s quarterly profit beat Wall Street estimates, fueled by strong sales of apparel and footwear. For the second quarter, ended July 1, the company posted net income of $2.6 million. Sales rose 4% to $226.6 million, narrowly missing Wall Street estimates of $227.4 million, which the company attributed to July 4th-related sales shifting to the third quarter. Same-store sales increased 1.0%. Big 5 ended the quarter with 407 stores in operation. It plans on opening three stores, one of which relates to a relocation, and closing two stores, one of which
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Los Angeles-based Forever 21 Inc. has unveiled an additional 6,300-sq.-ft. of space at its Oxford Street store in London, according to www.wwd.com. The store now features 39,000 sq. ft. of space, allowing the retailer to display more products, including its accessories, lingerie and cosmetics lines. The retailer also has added a store in Manchester, northern England, to its U.K. portfolio. The 20,000-sq.-ft. store is located in the Trafford Centre mall, and is expected to become the retailer’s second largest in the United Kingdom in terms of volume. SAVE | EMAIL | PRINT | MOST POPULAR | RSS DDI's
DODGEVILLE, Wis. — Lands’ End has named Michael Rosera as chief operating and finance officer. In his role he is responsible for accounting, financial reporting, legal, information technology and integrated company planning. As the leader of finance and operations and a member of the executive team, Rosera reports directly to Edgar Huber, CEO and president of Lands’ End. “Michael will be an invaluable asset to our team in generating value creation as well as improved financial and operational excellence,” said Huber. “Lands’ End will benefit from Michael’s proven track record of management savvy, professional skills and integrity.” Rosera comes
Target is engaging Facebook to help determine how half of a $5 million back-to-school donation is allocated. The retailer plans to donate $5 million to schools as part of its “Give With Target” initiative this fall. The two-part giving campaign provides $2.5 million in grants to in-need schools, as well as up to $2.5 million in Target GiftCards to local schools through votes on Target’s Facebook page. The Give With Target campaign will include $25,000 grants to 100 in-need schools just in time for the start of the school year.
ST. PETERSBURG, Fla. — HSN Inc. reported that total sales for the company grew 6% to $767.2 million for the second quarter. Sales at the company's HSN segment increased 4% to $501.9 million, including 8% growth in digital sales. Cornerstone's net sales increased 11% to $265.3 million, including 17% growth in digital sales. Adjusted EPS increased 10% to 67 cents compared with 61 cents in the prior year. GAAP income from continuing operations per diluted share increased 13% to 61 cents compared with 54 cents in the prior year. "This quarter, we made excellent progress in building our interactive,
We all know that those at the tippy top of the retail fashion industry make a lot of money, but just how much isn't as well known. WWD is reporting the total 2011 earnings of fashion's top 67 CEOs in the U.S., which public companies were required to release to the Securities and Exchange Commission. And, well, let's just say these guys are rolling in it, with salaries ranging from $5 million to upwards of $50 million.
Canadian home improvement company Rona Inc. said Tuesday that it rejected a C $14.50 (U.S. $14.21) per share offer made by Lowe's to acquire the company. Rona said after careful consideration the offer, which values the company at about C$1.89 billion (U.S. $1.85 billion), wasn't in its own or shareholders’ best interest. "Rona's strategic focus remains to execute on its business plan with a view to capturing the significant opportunities that it sees for the business," Rona said in a statement.