Daniela Forte is the Content Manager of Multichannel Merchant. Prior to this, she served as the Associate Editor and before that the Content Producer for the team since 2013. Daniela covers the marketing and ecommerce beats for Multichannel Merchant. She was previously a news reporter for The Litchfield CountyTimes in Northwestern Connecticut.
High-end apparel retailer Ralph Lauren reported “better than expected” first quarter 2014 results this week, according to a press release. Net income was $181 million for the first quarter compared to $193 million for first quarter fiscal 2013.
2Q13 Highlights: – Total revenue increases 14.1%, includes Super Supplements – Comparable store sales grew 2.3% – E-commerce revenues increased 18.5%, 8th consecutive quarter of double-digit growth – Fully diluted EPS of $0.60 – Opened 10 new stores.
Target announced this week it will be acquiring independent skin care ecommerce site DermStore Beauty Group. The acquisition will position Target to expand its share of evolving online beauty market and will further differentiate the company’s offerings, according to a press release from Target.
Macy’s Inc. and LIDS Sports Group, a subsidiary of Genesco Inc., announced each have signed an agreement to open a licensed team merchandise department in Macy’s stores and online, according to a press release.
Clothing and accessories merchant The Children’s Place apologized on social media this week for what many considered an offensive message on a girls’ t-shirt (See a sampling of tweets from outraged consumers here).