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Babies"R"Us today announced the launch of a multilevel partnership benefiting families of the United States armed forces in collaboration with Operation Shower, an organization that hosts baby showers for military wives to ease the stress of their husbands’ deployment. Beginning today, Babiesrus.com/OperationShower will serve as an online information portal where visitors can learn how they can support this charitable program and ensure that military moms-to-be, who are often far away from friends and family, receive basic essentials for their newborns. To kick off the partnership, the Toys"R"Us Children's Fund, a public charity affiliated with Toys"R"Us, has donated $100,000 to Operation Shower.

Barneys New York announced that it's reached an agreement with the company's largest lender, Perry Capital, its sponsor, Istithmar World, and certain of its other lenders to significantly reduce the company's debt and improve its capital structure. The transaction provides Barneys with significant financial flexibility to prioritize its investment in its operations and grow the business. As part of the agreement, Perry Capital and The Yucaipa Companies have partnered to convert debt for equity in order to reduce Barneys' long-term debt from $590 million to $50 million. As a result, Perry Capital has become the majority owner of Barneys.

Columbus, Ohio -- DSW Inc. said Tuesday that its newest store, located in the State Street shopping district of downtown Chicago, is slated to open on May 10, bringing the shoe retailer’s total downtown Chicago store count to two and 17 in Chicagoland. The new two-level store features 25,000 sq. ft. of space.

Guess Inc., a global fashion-forward retailer, has taken the lead in using a litany of emerging technologies to improve its business and better its relationships with customers. At last month’s Retail Technology Conference, Guess SVP/CIO Mike Relich highlighted how the fast-growing retailer is adopting rather than fighting the "consumerization of retail" and as a result has already grown its mobile commerce business to 15 percent of its e-commerce revenue. 

NAPERVILLE, Ill. — Charges related to store closures in the United States caused OfficeMax's first quarter net income to drop from $4.9 million, or 6 cents per diluted share, compard with $11.4 million, or 12 cents per diluted share, in the first quarter of 2011. Adjusting for these charges, net income for the quarter was $20.3 million, or 23 cents per diluted share, compared with $11.4 million, or 13 cents per diluted share for the same period last year. Total sales fwere $1.9 billion in the first quarter of 2012, an increase of 0.5% from the first quarter of

NIKE, Inc. released its FY10-11 Sustainable Business Performance Summary which introduces its new targets and outlines its progress against key business, labor and environmental goals. The company also discusses the key challenges and its strategy for its work ahead, demonstrating its commitment to a more transparent and sustainable future. Nike's long-term strategic vision — to decouple profitable growth from constrained resources — is underscored by new targets and commitments, including a company-wide commitment to further integrate sustainability principles into its innovation processes, governance and portfolios. The work ahead is structured in two levels: continuous improvement targets against key impact

eBay is opening a New York City office that will focus on advanced technical development. Chris Dixon, co-founder of Hunch, which eBay acquired in late 2011, will head the eBay Technology Center of Excellence. The New York office will feature a large public event area and dedicated space for startup and entrepreneur incubation. The office will also include a permanent installation called the PayPal Shopping Showcase that will "offer a look at the not-too-distant-future, when how we shop will have changed dramatically from our experience today."