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Executive ARCHIVE

Sears Reports $194 Million Loss 2nd Quarter  Aug 22, 2013 10:11 AM By Erin Lynch

The Sears Holding Corporation, which operates Sears, Roebuck and Co., and Kmart, reported a 6% or $194 million loss in the second quarter. However, the online sales for both sears.com and kmart.com grew over 20%.

Catalogers Speak Out Against Marketplace Fairness Act  Aug 21, 2013 7:35 AM By Tim Parry

Executives from 11 companies share their reasons why the Marketplace Fairness Act would be a burden to their companies – and to their customers.

Dick’s Sporting Goods Says Cooler Temps Behind Sluggish Sales  Aug 20, 2013 9:49 AM By Erin Lynch

Dick’s Sporting Goods reported a lower-than-expected second quarter, which the sports retailer said was due in large part to “higher levels of precipitation and cooler temperatures.” Dick’s, however, did report that net sales for the second quarter increased 6.6% to $1.5 billion.

Innotrac Reports 27% Increase in Net Service Revenue  Aug 14, 2013 2:56 PM By Erin Lynch

Innotrac announced its financial results for the second quarter and is reporting a 27% increase in net service revenues.

Kewill to Acquire Four Soft  Aug 12, 2013 1:36 PM By Erin Lynch

Kewill, a provider of multimodal transportation software, announced that it has signed a definitive agreement to acquire the assets of Four Soft, a software company headquartered in Hyderabad, India. The acquisition is expected to close within 90 days and will expand Kewill’s existing position in the Supply Chain Execution software market.

OfficeMax Sales Drop 4.3% in Second Quarter  Aug 08, 2013 12:05 PM By Erin Lynch

OfficeMax released it’s second quarter financials and according to the report the office supply retail saw a 4.3% decrease in sales.

Fifth & Pacific Sees 13.4% Net Sales Increase  Aug 08, 2013 11:46 AM By Erin Lynch

Fifth & Pacific, which includes clothing and lifestyle brands such as Juicy Couture, Kate Spade, and Lucky Brand, released it’s second quarter financials which showed a net sale increase of $45 million.

Wayfair.com Acquires DwellStudio  Aug 02, 2013 12:11 PM By Erin Lynch

Wayfair.com, an online home furnishing retailer, has announced the acqusition of lifestyle retailer DwellStudio for an undisclosed amount of money. Wayfair.com said the acquisition not only adds product design and development to the brand portfolio but also means the possibility of new product lines by the end of 2013.

Hanes to Acquire Maidenform Brands for $575 Million  Jul 30, 2013 2:49 PM By Erin Lynch

Clothing retailer Hanes has announced that it will acquire intimate apparel retailer Maidenform to the tune of $575 million.

Amazon Creates 5,000 New Fulfillment Jobs  Jul 29, 2013 8:03 AM By MCM Staff

Amazon announced on July 29 that it is creating more than 5,000 new full-time jobs in its U.S. fulfillment network to meet growing customer demand. Fulfillment associates and lead fulfillment associates are being hired at 17 fulfillment centers across 10 states.






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