Continues Domestic and Live Shopping Expansion CLEARWATER, Fla., April 19, 2012 (GLOBE NEWSWIRE) -- Infusion Brands International (INBI.PK) -- a global consumer products company -- is increasing its presence on live television shopping with its first ever airing on QVC America, scheduled to debut in the second quarter of 2012. This new relationship gives Infusion Brands the capability to distribute its products through QVC's live shopping network, reaching over 80 million households in the US. Infusion Brands has previously done business with QVC overseas, including QVC Italy and QVC UK, as well as many other live television shopping channels
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If nothing else, Urban Outfitters can always be counted on for a good middle-of-the-week scandal. Its latest? A Facebook post that appears to promote underage drinking. Yesterday, the retailer posted a call to action on its Facebook page asking fans to send in all their burning prom questions: "Don't know how to do The Electric Slide? Not sure how to get puke out of satin? Ask us! Post your burning prom questions here on Facebook and we’ll answer them on the UO Blog!"
GNC Holdings, the nation's largest specialty retailer of health and wellness products, announced a partnership with Academy Award-nominated actor/producer Mark Wahlberg to develop, market and sell MARKED, a new nutritional supplement line designed to meet the demanding lifestyles of active, results-driven fitness consumers who want to get the most out of their workout and improve overall health. "I'm excited to join forces with GNC, a brand I trust for quality and integrity, to develop the MARKED products," said Wahlberg.
/PRNewswire/ -- Overstock.com, Inc. (NASDAQ: OSTK) today reported financial results for the quarter ended March 31, 2012. Key Q1 2012 metrics (comparison to Q1 2011): Revenue: $262.4M vs. $265.5M (1% decrease); Gross margin: 18.1% vs. 18.9% (80 basis point decrease); Gross profit: $47.5M vs. $50.1M (5% decrease); Sales and marketing expense: $14.5M vs. $15.4M (6% decrease); Contribution (non-GAAP measure): $33.0M vs. $34.7M (5% decrease); G&A/Technology expense: $30.5M vs. $34.6M (12% decrease); Net income (loss): $2.7M vs. $(444,000) ($3.2M increase); and Diluted EPS: $0.12/share vs. $(0.02)/share ($0.14 increase). The Company will hold a conference call and webcast to discuss its
ThreatMetrix, a provider of integrated cybercrime prevention solutions, announced the findings of a new study on the top U.S. cities for the origination of online fraud. The study revealed that New York City is the nation’s epicenter for online fraudsters, followed by Atlanta, Chicago, Los Angeles and Omaha, Neb., respectively.
LONDON — The break-even forecast for the U.S. division of Tesco has been pushed back to early next year, the U.K. retail giant announced in its fiscal-year results. The company noted its projected break-even for its U.S. unit Fresh & Easy now will be later than its earlier guidance because "[we] intend to focus on delivering store level profitability first, before pushing on faster with the expansion we need to create sufficient scale to cover our overheads." Fresh & Easy — which operates stores across Arizona, California and Nevada — however, showed "promising results" in the fiscal year ended
Australia newspaper The Age reports Amazon.com is turning its eyes to the Asia-Pacific region, including Australia. "By having an Australian-based Amazon distribution centre, delivery times and possibly costs will be curtailed — not good news for a retail sector feeling the pinch from online sales," it wrote. In January, the Financial Review cited a Morgan Stanley report that said Amazon was considering setting up an Australian-based website and was looking for a data center in Australia for its web services business.
TOKYO--American Eagle Outfitters is breaking into the Japanese market, opening its first two stores in Tokyo on Wednesday and Thursday. The first, located in a new retail...
After unsuccessfully campaigning to get Ellen DeGeneres fired from her gig as J.C. Penney spokesperson, the conservative group One Million Moms is now railing against the retail chain Urban Outfitters for its catalog photo of two women kissing. In a web posting, the group advised parents to call or email Urban Outfitters with complaints about the photo.
Bentonville, Ark. -- Wal-Mart Stores’ efforts to reduce waste and boost recycling added $231 million to its bottom line last year, company CFO Charles Holley said at the chain’s 2012 Global Sustainability Milestone Meeting. Other speakers at the event, which was web cast live, included Mike Duke, president and CEO, Walmart; Doug McMillon, president and CEO, Walmart International; and Bill Simon, president and CEO, Walmart U.S.