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Nordstrom's April same-store sales rise 7 percent
May 3, 2012

Puget Sound Business Journal Same-store sales at stores open a year or longer rose 7 percent last month at Nordstrom Inc. Nordstrom Inc. Latest from The Business Journals Nordstrom same-store sales up 7%Betsey Johnson retailer files bankruptcy; future of Mall of America store unclearNordstrom opens third metro Atlanta store Follow this company , ahead of analysts' expectations. Analysts polled by Thomson Reuters First Call expected Nordstrom's (NYSE: JWN) April same-store sales to rise 5.8 percent. Nordstrom said retail sales rose 10.5 percent last month to $802 million from $726 million

Neiman Marcus fiscal 3Q same-store sales rise
May 3, 2012

Neiman Marcus Inc. said Thursday its fiscal third-quarter revenue at stores open at least a year rose 6.7 percent, boosted by a double-digit jump in online and catalog sales. For the quarter ended April 28, the privately held luxury retailer said its sales at stores open at least a year jumped 17.5 percent at its Neiman Marcus Direct operations, which include online and catalog sales, on strong demand for women's apparel and handbags, jewelry, beauty and men's products. Meanwhile, revenue at Neiman Marcus' specialty retail stores open at least a year increased 4.3 percent, on strong contributions from stores

Ross Stores Reports April Same Store Sales Gain of 7%, Increases First Quarter Earnings Per Share Es
May 3, 2012

/PRNewswire/ -- Ross Stores, Inc. For the quarter ended April 28, 2012, sales totaled $2.357 billion, a 14% increase over the $2.075 billion in sales for the quarter ended April 30, 2011. Comparable store sales for the 13 weeks ended April 28, 2012 grew 9% over the prior year period. Michael Balmuth, Vice Chairman and Chief Executive Officer, commented, "We are pleased with our April and first quarter sales which were well ahead of expectations. Our continued ability to deliver a wide array of name brand bargains to today's value-focused consumers drove broad-based merchandise and geographic gains in both

Amazon Studios to Develop Original Comedy and Children’s Series for Amazon Instant Video
May 3, 2012

Writers, animators and filmmakers around the world are now invited to submit comedic and children’s series proposals SEATTLE--(BUSINESS WIRE)--May. 2, 2012-- (NASDAQ:AMZN)—Amazon.com, Inc. today announced that Amazon Studios is expanding its development efforts into comedy and children’s series. Amazon Studios is Amazon’s content development division that uses audience feedback to identify great, original entertainment customers will love. Starting today, series creators are invited to upload their proposals for comedy and children’s programming to Amazon Studios at http://studios.amazon.com/getting-started/series. The best comedy and children’s series will be distributed through Amazon Instant Video, Amazon’s digital video streaming service. “Amazon Studios wants to

Old Navy Pops Up in Japan
May 3, 2012

iPad stations, videos on giant screens, fun photo-ops, limited-edition fashion giveaways: Now that’s the way to shop! Last week at the opening of Old Navy’s first-ever pop-up store in Japan, the brand took the shopping fun factor to a new level. And although no products are for sale yet -- Old Navy makes its outside-North-America debut this summer - international consumers are able to soak up the brand's irreverent spirit. On location opening day, Lorenzo Moretti, who leads International Business Development & Operations at Gap Inc. shared his first-hand account of the experience: “Opening morning was busier than any

Best Buy loses another top exec
May 3, 2012

NEW YORK — Best Buy’s chief marketing officer, Barry Judge, has resigned. His resignation follows the departure last month of chief executive Brian Dunn. Judge is “leaving the company to explore the next chapter in his career,” Greg Hitt, a spokesman for Best Buy, said by e-mail, in a Bloomberg report. Stephen Gillett, a former Starbucks executive who joined Best Buy in March, will take over responsibility for the chain’s marketing efforts, Minnesota Public Radio reported. Gillett was hired to bolster Best Buy's e-commerce efforts as president of Best Buy Digital and Global Business Services. Best Buy is searching

Limited Brands names new COO
May 3, 2012

COLUMBUS, Ohio — Limited Brands has named Charlie McGuigan, CEO of Mast Global, the company's sourcing and production arm, as COO of Limited Brands. In addition to retaining his current responsibilities, he will assume leadership of enterprise operations. Martyn Redgrave, Limited Brands chief administrative officer, will transition to the role of senior advisor for the company later this summer. "Charlie has exhibited great insight and vast knowledge in a variety of leadership roles at Limited Brands. I appreciate his ability to bring teams together to deliver results and look forward to working with him in his new role," said

April Turns Weak for Retailers; Apparel Bucks Trend
May 3, 2012

Several large U.S. retailers, including Target Corp, Macy's Inc and Gap Inc, missed sales estimates for April, as cooler weather chilled some of the enthusiasm consumers showed earlier this year.

Build-A-Bear Workshop narrows loss
May 3, 2012

St. Louis -- Build-A-Bear Workshop posted a narrower-than-expected loss for the first quarter. The retailer reported a net loss of $1.0 million for the quarter ended March 31, 2012, down from a loss of $2.3 million last year. Consolidated net retail sales of $95.2 million represented a 1.6% increase compared to $94.2 million. Revenue came in at $96.4 million, missing the $97.6 million analysts had expected. Same-store sales in the quarter rose 3.6% in North America. Overall same-store sales rose 1.2%. At the end of the quarter, Build-A-Bear Workshop operated 348 company-owned stores – 290 in North America and

Amazon Looks to Produce TV Comedies, Kids' Shows
May 3, 2012

Amazon.com Inc. has become the latest technology company to catch the Hollywood bug, announcing that it is soliciting scripts to produce its own comedy and children's TV series.