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Women Arrested for Selling Coupons on eBay
July 12, 2012

Yes, you can get arrested for selling coupons on eBay โ€” if they're counterfeits, that is. Three women were arrested in Arizona for selling counterfeit coupons online, according to the Coupon Information Center (CIC). A press release issued by the organization said the case demonstrated the dangers of purchasing coupons on the internet, and said buyers may also expose themselves to additional risk by providing their names, home addresses and financial information to organized crime rings. 

Former Bloomingdale CEO Marvin Traub dead at 87
July 12, 2012

New York -- Marvin S. Traub, Bloomingdaleโ€™s president and CEO for 22 years, died Wednesday at age 87. Traub had suffered from bladder cancer. Traub is credited with turning the Bloomingdaleโ€™s Manhattan flagship โ€“ at Lexington and 59th โ€“ into a showcase. He started as a merchandising manager in 1962, and was named president in 1969. โ€œBlessed with enormous energy, he will always be remembered for the devotion he gave to our store for the last 62 years,โ€ current CEO and chairman Michael Gould said in an e-mail to employees. โ€œMarvin took great pride in all of those that

Apparel Designer Brian Reyes Joins Calvin Klein Underwear as Vice President and Head of Global Design
July 12, 2012

Share This Story NEW YORK - (BUSINESS WIRE) - Calvin Klein Underwear, a division of the Warnaco Group, Inc. (NYSE: WRC), announced today that apparel designer Brian Reyes has joined the company as Vice President and Head of Global Design. Reyes will lead the global design team and will be responsible for the development of all products for the Calvin Klein Underwear Men's and Women's lines. Since its inception, Calvin Klein Underwear has led the market by offering consumers cutting edge design, innovative fabrics, and exceptional fit and quality. Today, it continues to evolve its reputation as the brand

Trio of former managers sue Wet Seal for discrimination
July 12, 2012

Santa Ana, Calif. -- A report released Thursday by the New York Times said that three ex-managers of Wet Seal have filed a federal race discrimination lawsuit, claiming bias against African-American employees. The trio alleges the retailer has a high-level policy of firing and denying pay increases and promotions to blacks because they did not fit the retailerโ€™s โ€œbrand image,โ€ according to the Times report. The suit was filed in Federal District Court in Santa Ana, Calif. It seeks class-action status on behalf of more than 250 current and former black managers at Wet Seal.

Taxes for Online Shopping Gaining Support in States, Congress
July 11, 2012

Online shopping in some states is about to become more expensive. A wave of states have passed laws that will require consumers to pay sales tax on all internet purchases as soon as next year. Other states and the District of Columbia are pursuing similar measures. And in Maryland, Gov. Martin O'Malley wants to go further and levy a tax on songs and other digital products bought through popular sources such as iTunes.

In-Store App Smartly Syncs Shoppers and Sales Staff
July 11, 2012

Signature, a mobile app company that bills itself as the "ultimate personal shopping assistant," is looking to re-engineer the way consumers shop in stores โ€” namely, the stores of upscale clothing retailers. The San Francisco-based startup has partnered with Neiman Marcus to develop a custom iPhone app to better facilitate communications between stores and consumers.

J.C. Penney Lays Off 350 Workers
July 11, 2012

J.C. Penney says it's laying off 350 more workers at its headquarters in Plano, Tex., as the department store struggles to transform its business under Ron Johnson, a new CEO and former Apple executive. Penney shares soared last winter after Johnson laid out a new pricing strategy; they hit a peak of $43.13 on Feb. 9, but have since lost half their value.