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Eddie Lampert is cleaning out the closet at Sears, and he’s not feeling sentimental about Lands’ End. The number-crunching hedge fund tycoon — who, as chairman of Sears Holdings, has lately been scrambling to raise cash amid heavy losses at the Sears and Kmart retail chains — has quietly been shopping the Dodgeville, Wis.-based mail order catalog to potential buyers, The Post has learned.
Holland, Mich.-facility to produce Milk for all Meijer stores in Michigan GRAND RAPIDS, Mich., March 29, 2012 /PRNewswire/ -- Meijer, the Grand Rapids, Mich.-based retailer, announced today the acquisition of plant operations at Bareman's Dairy, a local family-owned company based in Holland, Mich. Meijer's move into dairy production will also include a more than $8 million investment to expand the Bareman's dairy plant in Holland, Mich. "This is an exciting day for our company," said Co-Chairman and C.E.O. Hank Meijer. "As Meijer continues to grow, it's crucial we invest in the operations that will help us
ROANOKE, Va. — Advance Auto Parts has announced the promotion of Markus Hockenson to SVP store operations effective April 1. Hockenson will be responsible for providing strategic direction and leadership to the company’s Midwestern operations, which includes more than 1,200 stores. Hockenson will report to Carl Hauch, SVP national operations and will be based in Denver, Colorado. “Markus has a true passion for the foundational elements of our business which includes our commitment to service and our Values. He has a wealth of experience and knowledge leading retail and commercial sales and operations. We look forward to Markus’ leadership
Bentonville, Ark. -- Wal-Mart Stores chief merchandising officer Duncan MacNaughton said during a CIBC conference on Wednesday that Wal-Mart’s domestic sales momentum has continued over the last two months. The world’s largest retailer registered a same-store sales rise of 1.3% in U.S. stores in the third quarter and a 1.5% increase in the fourth quarter. Results reversed a nine-quarter streak of same-store sales declines. According to MacNaughton, the momentum continued in February and March, as well.
$75.2 Million in Fourth Quarter Revenues Drives 26% Increase in Net Income of $5.2 Million or $0.12 per Share PLANTATION, Fla. -- Dreams, Inc. (NYSE Amex: DRJ), a technology driven, multi-channel retailer focused on the licensed sports products industry, reported financial results for the fourth quarter and full year ended December 31, 2011. Q4 2011 vs. Q4 2010 Financial Highlights: Revenues up 24% to $75.2 million; E-commerce revenues up 27% to $64.6 million; Net income up 26% to $5.2 million or $0.12 per share; and Adjusted EBITDA up 23% to $10.2 million. Fourth Quarter 2011 Financial Results Total
In a showdown between sports merchandising giants, Nike alleged that Reebok illegally sold Tim Tebow shirts and other apparel soon after he was traded to the Jets last week, according to a complaint filed late Tuesday in federal court in Manhattan. “Despite not having any current right or license to produce new N.F.L. products featuring N.F.L. player identification (i.e., player name and number), Reebok is producing and selling Tim Tebow-identified New York Jets apparel products in order to capitalize on the public’s short-lived intense consumer appetite for such products, and to prevent Nike from doing so,” the complaint said.
Percentage is the estimate weight of the index components in the S&P 500 as of 3/28/12. Holdings and weightings are subject to change. About the Fund Industries such as automobiles and components, consumer durables, apparel, hotels, restaurants, leisure,...
Neiman Marcus has announced the launch of the "Blahnik Book Foursquare Hunt" in conjunction with its Spring 2012 Neiman Marcus Shoe & Handbag Event. The event runs from March 29 - April 1 in all Neiman Marcus stores and on NeimanMarcus.com. Customers will receive a $50 Neiman Marcus Gift Card with a regular price purchase of $350 or more in Ladies Shoes or Designer Handbags. The Shoe & Handbag event unfolds in a series of visual images within the Neiman Marcus Shoe & Handbag Book. Actress Paula Patton was selected as the subject for the Shoe & Handbag story
ShoeDazzle, the online subscription commerce startup founded by Kim Kardashian, among others, is expanding its offerings to include apparel. The company, which originally launched as a subscription service to deliver new shoes and handbags to women, said it will now include an entire new category of apparel. The service will include lingerie, dresses and outfits which complement ShoeDazzle's existing women's shoes, handbags and accessories.