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June 14, 2012
Europeans, don't go looking for new kicks on eBay or Amazon.com — not if you like the brand with the three stripes. Adidas says it wants to limit all European online sales to franchised sites. The ban, set to take effect in 2013, would also affect subsidiary athletic shoe maker Reebok.
June 13, 2012
Marianne Wilson Import cargo volume at the nation’s major retail container ports is expected to increase 4.8% in June compared with the same month last year, and year-over-year increases are expected to continue into the holiday season shipping cycle, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. read more
June 13, 2012
The departures of the apparel retailer's top two executives cast uncertainty over the company's costly restructuring plan.
June 13, 2012
Memphis Business Journal Related: Retailing & Restaurants AutoZone Inc. announced Wednesday it has hired Ron Griffin as its senior vice president and chief information officer. Griffin previously worked for Hewlett-Packard Co. Hewlett-Packard Co. Latest from The Business Journals American Airlines continuing passenger system, minus HPAmerican Airlines moves ahead with passenger system, minus HPAmerican Airlines moves ahead with passenger system, minus HP Follow this company , as senior vice president, global information technology and was the CIO of its enterprise services division. He also worked for The Home Depot Inc.
June 13, 2012
A report released by A.T. Kearney showed that Brazil is once again first among developing countries for global retail expansion. A.T. Kearney’s Global Consumer Institute’s 2012 Global Retail Development Index (GRDI) ranks the top 30 developing countries for global retail expansion. Brazil, which topped the list for the second year in a row, was followed by Chile, China, Uruguay and India. Botswana (No. 20) entered the GRDI ranking for the first time, signaling regional growth and the future of Africa as a significant consumer market.
June 13, 2012
New York -- Canned peaches, criminal records and political contributions were among the shareholder concerns expressed at Target’s annual meeting on Wednesday afternoon. The meeting, held inside a soon to open CityTarget store in downtown Chicago, lasted less that an hour and featured a brief recap of the company’s 2011 performance from chairman, CEO and president Gregg Steinhafel. He touched on previously disclosed details regarding some of the company’s key strategic initiatives such as the 5% REDcard Rewards program and the PFresh store remodeling program. Both are key drivers of Target’s improved financial performance and enabled the company to
June 13, 2012
Three years after eBay gave up on a B-to-B product-sourcing site, it's testing a similar model again. eBay has been pilot testing an invitation-only marketplace for top-rated sellers where it offers them wholesale "deals" from preselected wholesalers, brands, liquidators and distributors. Every week, eBay Wholesale Deals runs offers for wholesale merchandise in a range of categories including electronics, home and garden, fashion, and more.
June 13, 2012
/PRNewswire/ -- Sealy® Corporation (NYSE: ZZ), the largest bedding manufacturer in the world, has acquired a non-controlling interest in Comfort Revolution, a company known for innovative foam products that offer an especially comfortable night's sleep. Headquartered in West Long Branch, New Jersey, Comfort Revolution will continue to be led by Founder and CEO Michael Fux, and his management team will continue to control the company's day-to-day operations. "Comfort Revolution has a track record of success. Their skill in developing and taking to market breakthrough specialty foam and gel bedding products complements Sealy's portfolio of specialty mattress products," says Sealy
June 13, 2012
Ascena Retail Group Inc and Charming Shoppes, Inc. jointly announced that Ascena has successfully completed tender offer for the outstanding shares of common stock of Charming. The depositary for the offer has advised Ascena that, as of the expiration of the offer at 12:00 midnight, New York City time, on June 12, 2012, a total of approximately 95,742,871 Charming shares were validly tendered in the offer and not withdrawn, representing approximately 81.5% of the outstanding common stock of Charming. Shares tendered through notices of guaranteed delivery are required to be delivered to Ascena by June 15, 2012. Ascena, through
June 13, 2012
New York -- Francesca's Holdings Corp.’s first-quarter performance surpassed expectations, helped by strong demand for its product. The chain’s earnings more than doubled to $8.7 million. Net sales increased 48.6% to $61.3 million. Same-store sales rose 15.5%. Company CEO De Meritt said: "Our fiscal year 2012 is off to a strong start as we continue to execute on our differentiated business model. We attribute our continued success to our highly effective broad and shallow merchandising strategy that enables a nimble response to changes in customer demand." Read more: Community.nasdaq.com/News/2012-06/francesca39s-holdings-aggressive-growth.aspx?storyid=147963#ixzz1xgTHlG
