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Building 19 filed for Chapter 11 bankruptcy protection, and hired Gordon Brothers to liquidate the 10 remaining locations. The irony of New England off-price closeout retailer Building 19′s demise is that it started off in 1964 as a merchant that took advantage of other merchant’s misfortunes and failures.
J. C. Penney Company, Inc. (NYSE: JCP) (the “Company”) today reported that it continues to make meaningful progress in its turnaround and provided an update on the Company’s performance. Preliminary highlights include: ˙ Same store sales increased 0.9 % in October, marking a 490 basis point increase over September ˙ Sales on jcp.com increased […]
True partnerships substantially more likely to drive growth
By the time you read this blog post, you will probably already be sick of the Bitstrips phenomenon clogging up Facebook. And some people may be glad to know that my participation in Bitstrips probably means it has officially jumped the shark. You’re welcome, America.
Net sales at Blyth for the quarter ending Sept. 30 decreased approximately 33% to $179.5 million from $268.8 million for the comparable prior year period, primarily due to lower sales at ViSalus.
The merger of equals proposed by OfficeMax and Office Depot would create a $17 billion office supplies empire.
A profound shift in customer behavior from offline to online channels is fundamentally changing the way in which B2B merchants interact with, sell products and services to, and build loyalty with their B2B customers, according to a Forrester study commissioned by ecommerce solutions provider hybris. The study says that new online driven and omnichannel-centric paradigm […]
A few weeks back, I did a blog post about 3D printing possibly changing the way we all do business… And now, it appears it’s on its way to Neiman Marcus.
MSC Industrial Direct’s net sales for the fourth quarter were aided by the recently acquired Barnes Distribution North America, business contributed approximately $73.6 million its figures.
Blyth confirmed that it has received an unsolicited proposal from CVSL, Inc. to acquire, subject to conditions, all of the public common shares of Blyth for approximately $269 million payable in CVSL shares or cash.