aggregatedcontent

Groupon CEO Andrew Mason has more plans to boost the company’s revenue. During a Groupon employee meeting Wednesday that was detailed by The Wall Street Journal, Mason – working without notes – laid out five initiatives the daily-deals site has in the works to professionalize its financial operations and to push more people to purchase Groupon’s daily offers for discounted restaurant meals, massages and other services.

J.C. Penney Co. named another former Apple Inc. employee to its executive ranks to assist in the retailer's vast transformation under new Chief Executive Ron Johnson.

Investors in many other companies might panic upon hearing of a 35 percent drop in net income. When Amazon.com reported those results on Thursday, its shares went up almost 15 percent in after-hours trading.

Plano, Texas -- On Thursday, J.C. Penney and CEO Ron Johnson announced a new lineup of executive players to join the department store retailer’s team, one of them from the ranks of Apple. Benjamin Fay, senior director of retail real estate, design and development for Apple, has been named executive VP real estate, store design and development for J.C. Penney. In his new role, Fay is charged with creating a new interface for retail through a Penney’s store of the future, as well as implementing the Shops strategy and the remodel and maintenance of all existing stores. Fay will

First quarter sales at Amazon.com surged 34% to $13.2 billion during the first quarter ended March 31, but profits declined 35% to $130 million due to rising expenses related to growth initiatives. The company said first quarter net income of $130 million, or 28 cents a share was well below the prior year’s first quarter net income of $201 million or 44 cents a share. Operating income also declined considerably, dropping to $192 million in the first quarter compared with $322 million in first quarter 2011. Even so, the company’s shares surged in aftermarket trading on Thursday as the

Bentonville, Ark. -- Walmart said Thursday it has launched a “Pay with Cash” service that offers cash payment options for online orders at Walmart.com in the United States. Walmart is the first major retailer to offer online purchases without the need for banking services or a credit, debit or prepaid card. The retailer said that the majority of its in-store transactions are paid in cash or cash equivalent, including debit cards, with just 15% of transactions paid in credit. The “Pay with Cash” program will allow the same payment options online, which is expected to appeal to the retailer’s

Giving a new meaning to the phrase ‘window shopping, Bloomingdale's has replaced its traditional window displays with interactive sunglasses shops. Now, instead of merely looking at sunglasses in a window, passerbys can virtually try them on.

MIAMI -- Perry Ellis International, Inc. (NASDAQ: PERY) (“the Company”) today announced that it has entered into a joint venture agreement with China Outfitters Holdings Limited (HKEx Stock Code: 01146) to develop the Manhattan® brand in the People’s Republic of China, Hong Kong and Macau. Manhattan, a brand with a rich history dating back 150 years to the original Manhattan Shirt Company, continues to stand for high quality and fashionable men’s shirts and sportswear. George Feldenkreis, Chairman and CEO of Perry Ellis International, commented, “This agreement and expansion into Greater China marks a major milestone for Perry Ellis

In a move it tried — and abandoned — once before, Google began selling a smartphone directly to consumers through a new online store on Tuesday.

Top toy makers Hasbro and Mattel are struggling through tough quarters, but smaller U.S. rival Step2 grew its toy sales over the past 18 months, in part by employing social media and web review software.