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_ HSNi's Results for the First Quarter 2012: ST. PETERSBURG, Fla., May 2, 2012 (GLOBE NEWSWIRE) -- HSN, Inc. reported results for the first quarter ended March 31, 2012 for HSN, Inc. ("HSNi") and its two operating segments, HSN and Cornerstone. See...

Wolverine Worldwide announced that it, along with Blum Capital Partners and Golden Gate Capital, has signed a definitive agreement to acquire Collective Brands. As part of the transaction, Wolverine will acquire Collective Brands’ Performance + Lifestyle Group, which consists of the Sperry Top-Sider, Saucony, Stride Rite and Keds brands. Adding these businesses to Wolverine's existing portfolio, which is led by Merrell, Hush Puppies, Wolverine, Sebago and Caterpillar Footwear, creates an even more powerful stable of lifestyle brands that positions the company for accelerated growth in both revenue and profits. 

Destination Maternity announced its new broad-based partnership with Bed Bath & Beyond and its subsidiary, Buy Buy Baby. In addition, Destination Maternity expects that its Motherhood Maternity and A Pea in the Pod branded maternity and nursing apparel will be available for sale in select Buy Buy Baby stores beginning in November 2012. As of February 25, 2012, Buy Buy Baby has 64 stores in the United States. 

Consumers are expected to shop and buy more in the week leading up to Mother's Day than they did last year, according to a new ShopperTrak survey. As Mother's Day sales and traffic historically are a bright spot in the retail calendar, national retail sales this year are projected to rise 6 percent in the week leading up to Mother's Day and foot traffic will increase 3.7 percent compared with the same period last year, ShopperTrak said. The fact that Mother's Day falls one week later on the calendar than last year may positively affect sales, ShopperTrak noted.

A large percentage of U.S. retailers have created Pinterest pinboards and are using this community to successfully drive web traffic and generate sales. While Facebook and Twitter users have considered business activities invasive in their social spaces, the Pinterest community is perfectly happy to view and repin the images posted on retailers’ Pinterest boards. In return for this enthusiasm, brands are trying to figure out how to reward the Pinterest community with exclusive sales.

St. Petersburg, Fla. -- Multichannel shopping retailer HSN Inc. reported Wednesday that net income for the quarter ended March 31 climbed 29% to $26.2 million, from $20.3 million in the year-ago period. Results were boosted by robust sales from its Cornerstone unit, which includes banners such as Ballard Design, Frontgate and TravelSmith. Revenue overall rose 5% to $747.3 million. Cornerstone saw an 11% sales rise to $205.4 million. HSN segment sales were up 3% to $541.9 million.

American Apparel, which has long advocated for comprehensive immigration reform and criticized the apartheid-like treatment of undocumented workers, closed its factory yesterday for several hours so its workers could join a march and related pro-worker activities in Los Angeles. American Apparel CEO Dov Charney joined the workers to show his support for the fair treatment of all workers, domestically and internationally, and his unwavering support for prompt, fair and effective immigration reform in the United States.

(GLOBE NEWSWIRE) -- Tuesday Morning Corporation today reported that, as previously announced, net sales for the third quarter of fiscal 2012 were $172.7 million compared to $174.3 million for the quarter ended March 31, 2011, a decrease of 0.9%. Comparable store sales decreased 3.2% for the third quarter of fiscal 2012 as compared to the same period last year. The decrease in comparable store sales was comprised of a 1.8% decrease in traffic and a 1.4% decrease in average ticket. Net loss for the third fiscal quarter ended March 31, 2012 was $4.2 million, or $0.10 per share, compared

Woonsocket, R.I. -- CVS Caremark reported Wednesday that profit for the quarter ended March 31 rose 9% to $776 million, compared with $713 million in the year-ago period. Revenues surged 20% to a record $30.8 billion boosted by rival Walgreen’s termination of its Express Scripts program, which moved Walgreen customers over to CVS. The results beat Wall Street’s expected $30.3 billion in revenue for the quarter. Same-store sales climbed more than 8%.

New York -- Target will soon stop selling the Amazon Kindle line of e-readers and tablets. Target representative Molly Snyder said the company is "phasing out Kindles and Amazon- and Kindle-branded products in the spring of 2012,” in a report on CNNMoney.com. The retailer has declined to comment on the specific date or the reason that the products will no longer be on its shelves. The chain will continue to sell other e-readers, including the Barnes and Noble’s Nook.