aggregatedcontent

Columbia Sportswear Being Sued by One of its Product Inventors
March 28, 2012

A lawsuit alleges that Columbia Sportswear, as well as two Washington companies, breached nondisclosure agreements and misappropriated numerous trade secretes from Plaintiff, Innovative Sports. According to the complaint, Innovative Sports developed and brought to market heated clothing and wearable electronics, designing products such as heated jackets and its unique "Heater" pitching sleeve. 

Walgreensโ€™ Q2 profit drops 7.7%; beats estimates
March 27, 2012

Deerfield, Ill. -- Walgreensโ€™ fiscal second-quarter earnings fell 7.7% due in part to its decision to leave the Express Scripts pharmacy network. But its performance still topped analyst expectations. A mild flu and cough/cold season also cut into its performance. The chain said its net income dropped to $683 million in the three months ended Feb. 29, 2012, compared with $739 million a year ago. Revenue rose 0.8% to $18.65 billion, from $18.5 billion a year earlier. Same-store prescriptions filled fell 4.9%. Revenue from the front-end was up 2.1%.

Charming Shoppes names head of Charming Direct
March 27, 2012

BENSALEM, Pa. โ€” Charming Shoppes has announced that Jeffrey Liss has been promoted to SVP general manager of Charming Direct, the company's direct-to-consumer business. As general manager of Charming Direct, Liss will have full responsibility for the company's direct-to-consumer and e-commerce businesses, including the company's retail brands' related e-commerce businesses and Figi's, the company's food and gift business. Liss will also be responsible for the company's CRM and customer insights functions. He reports directly to Anthony Romano, president and CEO of Charming Shoppes Inc. Liss previously served as SVP and COO of Charming Direct, overseeing the finance, planning, operations,

NFL switches over to Nike apparel
March 27, 2012

In one week, the NFL will start selling apparel made by Nike rather than Reebok. To view this content, Javascript must be enabled and Adobe Flash Player must be installed. Jeremy Hobson: The National Football League draft is right around the corner, but Nike has already been picked when it comes to NFL apparel. It'll take over the job of making uniforms and jerseys from Reebok. Marketplace's Jeff Tyler reports. Jeff Tyler: A week from today, the NFL will begin selling the new Nike team jerseys at a temporary โ€˜pop-upโ€™ store in Manhattan. Don Brown oversees apparel for the

Rite Aid Launches Smartphone App
March 27, 2012

Rite Aid has become the latest chain to join the retail smartphone application game. The retail pharmacy chain recently launched an app for smartphones that allows users to refill and transfer prescriptions by scanning their barcodes or entering the prescription number, manage their Wellness+ loyalty card accounts, view weekly circulars and compile shopping lists, among other features.

Undressing an Online Loyalty Trend
March 27, 2012

Flash-sales online retailer Gilt Groupe recently announced that it would be offering discounts based on users' Klout scores. It's all very sexy, using online media to rank customers and their word-of-mouth reach and influence, then reward them based on that ability. Combine that with Gilt's business model of online flash sales, and you're in the white-hot center of trendy marketing.

Aaron's Settles Sexual Harassment Lawsuit
March 27, 2012

Aaron's, a specialty retailer of residential furniture, consumer electronics, home appliances and accessories, today announced that the company has entered into a settlement of a lawsuit with a former Aaron's associate who claimed she was sexually harassed by a former co-worker in 2006.

Office Depot to Open 13 Remodeled Stores in Houston Market
March 27, 2012

Office Depot will open 13 newly remodeled locations in the Houston area on March 28. The updated stores feature more colorful signage and easy-to-navigate floor plans. The stores were redesigned based on customer feedback and shopping patterns. Office Depot operates 1,677 stores in 60 countries, 46 of which are located in the Houston area.

Macy's Woos Millennials With New Brands, Digital Moxie
March 27, 2012

Baby boomers aren't spending as much as they used to on discretionary items as they focus their dollars on generally more necessary spending. Because of that, retailers are doing what two of our nation's most famous boomers, Woodward and Bernstein, told us all to do: Follow the money.