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PR Newswire ARCHIVE

Jos. A. Bank Rejects Latest Men’s Wearhouse Offer  Jan 17, 2014 9:45 PM By Tim Parry

The Men’s Wearhouse today issued the following statement in response to the announcement by Jos. A. Bank Clothiers, Inc. that its Board of Directors has rejected Men’s Wearhouse’s all-cash $57.50 per share offer.

American Eagle Outfitters and Shopkick Announce 100-Store iBeacon Trial  Jan 16, 2014 3:00 PM By MCM Staff

As shoppers enter an American Eagle Outfitters store, shopBeacon will welcome and show them location-specific rewards, deals, discounts and product recommendations – without them even having to remember to open the app.

J.C. Penney Closing 33 Stores, Laying Off 2,000  Jan 15, 2014 5:17 PM By Erin Lynch

J.C. Penney has announced that it will close 33 under performing stores across the country and laying off 2,000 employees in an effort to save $65 million.

Holiday Ecommerce Sales Rose 9.3%  Jan 14, 2014 11:08 AM By MCM Staff

Total holiday retail sales, which includes November and December sales, increased 3.8% to $601.8 billion, which was in line with NRF’s projected forecast of 3.9% and $602.1 billion.

IBM Study of 30,000 Global Consumers Shows Importance of Personalization  Jan 13, 2014 4:32 PM By Erin Lynch

A new IBM study of more than 30,000 global consumers released at the 2014 National Retail Federation convention found consumers are willing to share their personal information with retailers, particularly if they get good value in exchange.

Alibaba Bans Bitcoin on all Marketplace Sites  Jan 13, 2014 10:55 AM By Erin Lynch

While Overstock.com announced last week that it has begun accepting Bitcoins as an online payment option, not all merchants are embracing the crypto-currency. The Chinese ecommerce platform Alibaba Group said in a statement that it has banned the controversial payment option from all its Taobao marketplaces.

Overstock.com Becomes First Retailer to Accept Bitcoin  Jan 10, 2014 1:49 PM By MCM Staff

Overstock.com has announced it is now accepting the controversial cryptocurrency, Bitcoin, as a form of payment along with Visa, MasterCard and PayPal.

Target: Security Breach Affected 70 Million Customers  Jan 10, 2014 8:50 AM By Tim Parry

As part of its ongoing investigation into a security breach discovered last month, Target has determined that the stolen information includes names, mailing addresses, phone numbers or email addresses for up to 70 million individuals.

Barnes & Noble Reports 6.6% Decrease in Holiday Sales  Jan 09, 2014 11:47 AM By Erin Lynch

The Barnes & Noble retail segment, which includes traditional brick-and-mortar stores and BN.com, released its 2013 holiday sales results which show a 6.6% decline compared to last year.

Ecommerce Holiday Shopping Numbers the Highest Ever  Jan 09, 2014 10:37 AM By Daniela Forte

CardinalCommerce reported record numbers for online transactions during the 2013 holiday season. Numbers were 46% more than the 2012 holiday season.






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