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HSN Plans Event to Sell โ€˜Snow Whiteโ€™ Merchandise
March 28, 2012

In the quest for fans and movie ticket sales, studios are expanding their marketing arsenal to appeal to home shoppers, a largely female audience of proven purchasers. Universal Pictures and HSN are planning 24 hours of programming at the end of May featuring beauty, home and fashion products created specifically to evoke the sensibility of the coming movie, "Snow White and the Huntsman."

Brookstone Reports 45% Increase in Fiscal Year 2011 EBITDA
March 28, 2012

/PRNewswire/ -- Innovative product development company and multi-channel lifestyle retailer Brookstone, Inc. announced today that, for the fiscal year ended December 31, 2011, net sales increased 6.1% to $496.8 million and EBITDA increased 44.6% to $23.3 million from the comparable period last year. Net sales in the Retail channel increased $2.5 million or approximately 1% to $372.4 million and same-store sales increased 2.5% as compared to fiscal year 2010. These increases were due in part to improved selling efforts at our retail stores, offset by a net decrease in the number of stores from 307 to 294. For the

JoS. A. Bank Clothiers Reports Fiscal Year 2011 Results; Profits Increase 13.6%
March 28, 2012

(GLOBE NEWSWIRE) -- JoS. A. Bank Clothiers, Inc. announces today record results for its fiscal year ended January 28, 2012 ("fiscal year 2011"). Net income for fiscal year 2011 increased 13.6% to a record $97.5 million, as compared with net income of $85.8 million for the fiscal year ended January 29, 2011 ("fiscal year 2010"). Earnings per share for fiscal year 2011 increased 13.3% to $3.49 as compared with earnings per share of $3.08 for fiscal year 2010. Net sales reached a record of $979.9 million in fiscal year 2011, representing a 14.2% gain as compared with net sales

Old Navy Conjures Up Nostalgia With Cast of โ€˜Blossomโ€™
March 28, 2012

It seems as though the hiring manager at Old Navy's Funnovations is quite the fanatic of early โ€™90s sitcoms. After all, "Blossom" star Mayim Bialik revives her giant floral hat for a stint spent deploying "Bee Bots" on spring dresses.

Wal-Mart Eyes Ethiopia for African Expansion
March 28, 2012

Wal-Mart currently has 2.1 million employees and it may be looking for some more soon in an unlikely place: Ethiopia. While the country is the second most populated in Africa, it's never been known for having scads of money floating around, but that's not stopping Wal-Mart from considering it as a place in need of its retail wonders.

Avenue Parent to be Acquired by Private Equity Firm
March 28, 2012

United Retail Group, owner of the Avenue brand of womenโ€™s fashion apparel, announced that it's seeking court approval for the acquisition of its operating business by an affiliate of Versa Capital Management. Pending court approval by the U.S. Bankruptcy Court for the Southern District of New York and the successful closing of the transaction, Versa, a private equity firm with significant experience in revitalizing retail operations, has agreed to acquire a majority of the company's operating assets and to assume certain liabilities all as set forth in an asset purchase agreement signed on Feb. 1, 2012.

Charming Shoppes Posts 4Q Loss, Closings Planned
March 28, 2012

Charming Shoppes recorded a wider-than-expected loss for its fourth quarter as higher product costs and discounts at its Lane Bryant division cut into margins. The chain said it plans to close up to 105 underperforming stores this year.