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PR NewswireMar 14, 2014 11:24 AM By Tim Parry
But Destination XL’s overall sales were down for the fourth quarter. Total sales were $108.5 million compared with $114.9 million in the fourth quarter of fiscal 2012.
PR NewswireMar 13, 2014 4:36 PM By Tim Parry
After about six weeks of speculation, Amazon has announced it will raise the annual membership fee for Prime to $99. So, what will the price increase mean for its competitors?
PR NewswireMar 12, 2014 9:46 AM By MCM Staff
Express saw an increase of 14% in its ecommerce sales in the fourth quarter of 2013 over 2012. For the entire year, the retailer reports a 25% increase in ecommerce sales over 2012.
PR NewswireMar 11, 2014 12:28 PM By MCM Staff
Men’s Wearhouse and Jos. A. Bank announced that the merchants have entered into a definitive agreement in which Men’s Wearhouse will acquire all of the outstanding shares of common stock of Jos. A. Bank for $1.8 billion. Together, Men’s Wearhouse and Jos. A. Bank will have more than 1,700 stores in the U.S., with approximately 23,000 employees and sales of $3.5 billion on a pro forma basis.
PR NewswireMar 11, 2014 10:24 AM By Erin Lynch
ChannelAdvisor announced that it has partnered with Alibaba Group’s Tmall.com to help retailers bring their business across global borders.
PR NewswireMar 05, 2014 3:16 PM By MCM Staff
Overstock.com announced that it has sold over $1 million in product to Bitcoin users since the online shopping site started accepting the cryptocurrency on Jan 9. According to Overstock.com, of the over 4,300 Bitcoin customers that made purchases with the site since January, almost 60% are new customers.
PR NewswireMar 05, 2014 1:21 PM By Erin Lynch
Target has announced that Beth Jacob, chief information officer, is resigning from her position as part of an “overhaul” of the retailer’s information security and compliance structure. Jacob’s resignation is effective March 5.
PR NewswireMar 04, 2014 3:31 PM By Erin Lynch
RadioShack announced this week that it plans to close 1,100 under performing stores as well as huge losses in its fourth quarter earnings. According to its Q4 financials, the electronics retailer reported that net sales and operating revenues for the quarter decreased to $935.4 million from $1.17 billion in the same quarter last year
PR NewswireMar 03, 2014 1:45 PM By Erin Lynch
Men’s Wearhouse has confirmed that it entered into a non-disclosure agreement with Jos. A. Bank and agreed to exchange certain confidential information and to work in good faith to evaluate a potential combination. It was also announced that Men’s Wearhouse has received a draft merger agreement from Jos. A. Bank.
PR NewswireFeb 28, 2014 11:23 AM By MCM Staff
Home Depot has announced that Craig Menear has been named the U.S. Retail President. In his new role, Menear will add responsibility for all of Home Depot’s U.S. store operations, with Marvin Ellison, executive vice president, U.S. stores, reporting to him.
by Curt Barry
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by Jim Barnes
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