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_ EXCLUSIVE And you thought the swimming trunks were pricey. Vilebrequin the French luxury swimwear label whose latest designs include hand-embroidered mens shorts that retail for $590 is close to being acquired by New York-based G-III Apparel, The Post has learned. G-III is looking to take the plunge with an offer north of $150 million more than 13 times Vilebrequins Ebitda, or earnings before interest, taxation, depreciation and amortization, said a source briefed on the talks. The lofty price tag signals optimism for luxury sales worldwide despite the economys iffy prospects overall, as the ranks of super-rich continue to

Charming Shoppes, Inc., an apparel retailer, has reported that net income for the first quarter ended April 28, 2012 was $17.77 million, or $0.15 per share, compared to $26.04 million, or $0.22 per share, for the first quarter ended April 30, 2011. Net sales for the first quarter ended April 28, 2012 were $481.26 million, compared to $504.35 million for the first quarter ended April 30, 2011. Anthony Romano, president and CEO of Charming Shoppes, Inc. said, "We are pleased to have delivered our sixth consecutive quarter of improved year over year Adjusted EBITDA results, with an increase of

NEW YORK --(BUSINESS WIRE)-- Bluefly, Inc. (NASDAQ Capital Market: BFLY), a online retailer of designer brands, fashion trends and superior value, announced that Scott A. Erdman, has joined the Company as Senior Vice President of Merchandising. Mr. Erdman comes to Bluefly with 15 years of retail, merchandising and online experience. Mr. Erdman is a highly accomplished merchant with a diverse background including leadership roles with luxury retail, apparel and accessories companies. Most recently, Mr. Erdman served as General Merchandising Manager at Swirl by DailyCandy, a start-up retail venture under the DailyCandy Enterprises umbrella. Prior to that, Mr. Erdman was

Evian is sidestepping retail partners to sell its products directly to consumers with the promotion of a new online delivery service and the release of a new digital device it plans to make available widely in 2013. The device can be tacked onto a fridge and enables water delivery with the push of a single button. Initially, the website, called evianchezvous.com, is only available in Paris and its surrounding suburbs, the target being single-family homes and small businesses. The website will also permit delivery of other water products in the Danone family, such as Badoit or Volvic water.

A report by Reuters said that New York City's pension funds have filed a derivative lawsuit against Wal-Mart Stores Inc. based on reported allegations of bribery in Mexico and a possible cover-up by Wal-Mart officials. The suit, filed in Delaware Chancery Court, alleges that Wal-Mart's officers and board of directors breached their fiduciary duty to both the company and shareholders by failing to properly handle claims of alleged bribery and apparently attempting to cover up details of the issue. Wal-Mart could not be immediately reached for comment. 

New York-based Martha Stewart Living Omnimedia (MSLO) has appointed Michael Robinson to the newly created position of vice president of e-commerce. Robinson will be responsible for building out the company's e-commerce presence, including the site the company is jointly developing with J.C. Penney, which is slated to launch in 2013. He's reporting to Lisa Gersh, president and chief operating officer of MSLO. Robinson brings retail, direct-to-consumer and digital experience to MSLO. He joins the company from Anthropologie, where he built and managed the brand's website and catalog businesses.

The two top executives of Wal-Mart Stores gave shareholders their unequivocal commitment to get to the bottom of alleged bribery charges in Mexico that have surfaced against the company. "If any violations occurred, then appropriate actions will be taken. That is my personal commitment to each of you," S. Robson Walton Jr., chairman, said during the company's annual shareholder meeting here. "We will do the right thing the right way. You have my word on that."

Sidney, Neb. -- Cabela's Inc. announced that, effective January 1, 2013, Joseph M. Friebe, executive VP and president and CEO of the chain’s World’s Foremost Bank, will transition from his current positions and will become a special advisor to the CEO of the bank through 2014, when he plans to retire. “Under Joe’s leadership, the Cabela’s Club Visa program has posted industry-leading results, which have contributed greatly to our strategic growth,” said Tommy Millner, Cabela's CEO.  

Puget Sound Business Journal Amazon.com Inc. Amazon.com Inc. Latest from The Business Journals Santa Cruz firm PredPol helps predict, prevent property crimesMadrona Venture Group to invest 0M in Pacific NW startupsMadrona Venture Group to invest 0M in Pacific NW startups Follow this company will reporteldy open its Appstore in Europe sometime this summer, and the Seattle online retailing giant is also getting close to offering its Kindle Fire tablet for sale in Europe as well. The Wall Street Journal's All Things D reports the European move will be the first

Comments 0BENTONVILLE, Ark. — Wal-Mart Stores plans to install solar panels on top of more than half of its roughly 50 Massachusetts stores as early as August, according to a report in the Boston Globe. The installations for 27 stores are still in the engineering phase, and local permits must be obtained, the report said. The projects will be capable of generating about 10.5 megawatts of energy — from 10% to 15% of each store’s power needs.