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RadioShack CFO Tasked With Making Target Deal Profitable
April 26, 2012

RadioShack’s same-store sales and gross margin fell markedly in the first quarter, as the retailer put CFO Dorvin Lively in charge of its growing but currently unprofitable store-within-a-store relationship with Target.

The Value of Integrating Marketing and Merchandising Teams
April 26, 2012

In traditionally product-centric organizations, merchandising and marketing typically have the same goals, but different processes, applications and databases. This makes it nearly impossible for retailers to create and execute the kinds of multitouch campaigns needed to reach and influence consumers today.

DITTO Secures $3M Round for Designer Eyewear eCommerce Site
April 26, 2012

/PRNewswire/ -- DITTO, an eCommerce site for designer eyewear that uses patent-pending 3D virtual fitting technology, today announced that it has closed $3 million in financing led by August Capital. Angel investors, friends and family also participated in the round. DITTO.com is a website that allows consumers to record a short video with their webcam to create a 3D virtual self, or "DITTO." Users can virtually try-on eyewear in 180-degree views to see how a particular style looks and fits their face before they make a purchase. DITTO.com also integrates social media features, allowing the user to post side-by-side

U.S. Chamber of Commerce questioned in Wal-Mart bribery case
April 26, 2012

South Florida Business Journal A congressional investigation into Wal-Mart Stores’s alleged bribery of Mexican officials broadened to include the U.S. Chamber of Commerce U.S. Chamber of Commerce Latest from The Business Journals Follow this company and the Retail Industry Leaders Association Retail Industry Leaders Association Latest from The Business Journals Follow this company , the Washington Post reported. At issue is work done by the groups and giant retailer to lobby for amending the Foreign Corrupt Practices Act, which bans

Aaron’s Inc. Q1 profit soars 60% to $71.2 million
April 26, 2012

Aaron’s Inc. (NYSE: AAN) The Atlanta-based electronics, furniture and appliances rentals retailer reported its first-quarter profit jumped 60 percent following a $35.5 million reversal of accrued lawsuit expense. During the first quarter of 2012, the company settled a lawsuit with a former Aaron’s associate who claimed she was sexually harassed by a former co-worker in 2006. It took a $36.5 million charge in the second quarter of 2011 as an accrual for the judgment and associated legal fees...

Amazon Adds Lab, Industrial Goods Via Web
April 25, 2012

On Monday, Amazon, the Seattle-based online retailer launched AmazonSupply.com, a site that sells such products as radiation detectors for environmental testing, industrial cutting tools, janitorial and sanitation materials and office supplies.

Wal-Mart Ups Defenses
April 25, 2012

Wal-Mart Stores Inc. stepped up damage control on Tuesday as its shares sank for a second day and the reverberations continued from the retailer's admission that it was investigating allegations of bribery by its operations in Mexico.