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QVC announced the promotion of Steve Hofmann to CEO of QVC Europe, reporting to QVC President and CEO Mike George. In the newly created position, Hofmann will oversee QVC's European markets, including the United Kingdom, Germany and Italy, and accelerate growth opportunities throughout Europe. He maintains his current responsibility as CEO of QVC Italy and will continue to be based in Milan. Also announced were the promotions of Gregg Bertoni to chief merchandising officer, QVC Italy, and Paolo Penati to COO and CFO, QVC Italy. 

Grapevine, Texas — Ahead of releasing its first quarter results, GameStop said earnings for the quarter were 54 cents per share and that same-store sales fell 12.5%. According to the company, this drop in same-store sales is due to light demand for “AAA” game launches and slower-than-expected store traffic during the quarter. The company has reaffirmed its full year earnings per share guidance of $3.10 to $3.30. GameStop will provide second quarter and full year sales guidance in conjunction with its first quarter earnings release and conference call on May 17.

LOUISVILLE - Gaiam Inc. reported a 25 percent gain in revenue for its first quarter that ended March 31, but recorded a loss of $1.2 million for the period. The lifestyle media company based in Louisville reported first-quarter revenue of $47.3 million, a 25.2 percent improvement compared with revenue in the first quarter of 2011. Revenue in the first quarter includes $300,000 from less than a week of operations of Vivendi Entertainment. Excluding the Vivendi Entertainment acquisition-related costs and an unconsolidated equity investment loss, net income in the quarter was $600,000, or 3 cents per diluted share, as compared

Limited Brands, Inc., a specialty retailer of women's intimate and other apparel, beauty and personal care products and accessories, has reported that comparable store sales for the four weeks ended April 28, 2012 increased 6% when compared to the same period which ended on April 30, 2011. Net sales for the four weeks ended April 28, 2012 were $659 million, compared to $683.2 million for the four weeks ended April 30, 2011. Comparable store sales for the first quarter ended April 28, 2012 increased 7% when compared to the same period which ended on April 30, 2011. Net sales

Edgy, boundary-pushing boutique Opening Ceremony announced in a letter that "a hacker placed malicious software on our website." The letter — dated May 4 and signed by Carol Lim, CEO and co-founder of the company — says that the incident in question presumably took place on Feb. 16. While the company took security precautions and removed the questionable software after the breach was discovered on March 21, it was more than enough time for the criminals to extract customers' private information.

GOODLETTSVILLE, Tenn. — Dollar General has awarded grants to more than 593 nonprofit organizations, libraries and schools through the chain's literacy foundation. The Dollar General Literacy Foundation awarded grants to schools and organizations in communities across the 39 states served by Dollar General. The funding, valued at more than $6.4 million, supports such programs as adult literacy, GED preparation and English language acquisition. Dollar General said more than 410,300 people are expected to benefit from literacy services provided by the grants. "Literacy is the key for opening doors to new opportunities and better lives," Dollar General chairman and CEO

Omaha, Neb. -- Midwestern discount department store retailer Gordman’s Stores said Friday that profit for the quarter ended April 28 rose 10.6% to $8.1 million, compared with $7.3 million in the year-ago period. Sales rose 13.8% to $133.9 million, from $117.7 million. Same-store sales climbed 4.7%. “We are pleased with our overall performance and remain confident in our ability to realize our sales and profit guidance for fiscal 2012," said Jeff Gordman, president and CEO. The retailer opened four stores and entered three new markets – Salt Lake City and Ogden, Utah, and Boise, Idaho – during the quarter.

American Apparel reports a first-quarter loss of $7.9 million, down from red ink of $20.7 million a year earlier. Revenue climbs 14%. Los Angeles clothier American Apparel Inc. reported a narrower financial loss and improved sales in its first quarter of 2012, but it continued to struggle. For the quarter that ended March 31, the retailer reported a loss of $7.9 million, or 7 cents a share, an improvement from the loss of $20.7 million, or 28 cents a share, a year earlier. Sales totaled $132.7 million, a 14% jump from $116.1 million in the year-earlier period. "We're beginning

Danish luxury lifestyle brand SAND opens its first North American flagship store in the heart of West Hollywood on Sunset Plaza LOS ANGELES, May 10, 2012 /PRNewswire-iReach/ -- Michael and Sara Dovan, founders of the TRAFFIC Los Angeles stores, have partnered with Triluxe, the North American distributors of Sand and designers Lene and Soren Sand to create an impressive 2,500 square foot showcase for this designed-in-Copenhagen lifestyle brand. Fusing modern Scandinavian silhouettes with Italian sartorial elements, SAND delivers a provocative elegance. (Photo: http://photos.prnewswire.com/prnh/20120510/CG05450) "Los Angeles shoppers got their first taste of Sand at our Traffic stores

Reiterates 2012 Revenue and Earnings Guidance FORT WORTH, Texas, May 11, 2012 (GLOBE NEWSWIRE) -- Tandy Leather Factory, Inc. today reported financial results for the first quarter of 2012. Net income for the quarter ended March 31, 2012 was $1.6 million, up from net income of $1.2 million in the first quarter of 2011, an increase of 37%. Fully-diluted earnings per share for the quarter were $0.15 in the current quarter, compared to $0.11 in last year's first quarter. Total sales for the first quarter were $18.2 million, an increase of 14.5% compared to