PR Newswire ARCHIVE

Neiman Marcus Sold for $6 Billion  Sep 09, 2013 3:29 PM By Daniela Forte

Ares Management LLC and Canada Pension Plan Investment Board announced plans to acquire Neiman Marcus Group from a group of investors led by TPG and Warburg Pincus for $6 billion, according to a press release.

Stritzke Named President and CEO of REI  Sep 06, 2013 11:08 AM By Erin Lynch

Outdoor apparel and gear retailer, REI, has named Jerry Stritzke as the company’s president and CEO following an extensive national search. Prior to joining REI, Stritzke was the president and COO at Coach but resigned on September 2.

Email Volume, Open Rates Both Rise  Sep 05, 2013 1:31 PM By MCM Staff

Overall email volume for the second quarter of 2013 increased 17.9% over the same period in 2012, and unique open rates increased 7.2% year-over-year, according to the Q3 2013 email benchmark report by Experian Marketing Services. Here’s what the report uncovers about other email trends, including mobile.

Jarden to Acquire Yankee Candle For $1.75 Billion  Sep 03, 2013 10:27 AM By Tim Parry

Jarden Corp. has agreed to acquire Yankee Candle Investments from Madison Dearborn Partners for approximately $1.75 billion in cash, subject to working capital and other adjustments. here’s why Jarden wants to add Yankee Candle to its portfolio of retail brands.

Deliv Brings Same-day Delivery to Mall Shoppers  Aug 29, 2013 6:04 PM By Tim Parry

Deliv has announced a partnership with a subsidiary of General Growth Properties to offer same-day delivery service to customers of four GGP shopping malls. Here’s a look at how Deliv’s same-day delivery program will work.

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%.

JustFab and ShoeDazzle Agree to Merger  Aug 21, 2013 4:34 PM By MCM Staff

With the merger, JustFab and ShoeDazzle will be able to expand their customer base in the United States and further accelerate international and category expansion plans, as well as leverage significant scale and operational synergies.

J.C. Penney Grows Ecommerce Sales 14% in July  Aug 20, 2013 1:14 PM By Tim Parry

Net sales at J.C. Penney continue to decline, but the general merchants’ second-quarter results show sudden double-digit growth in its ecommerce channel. Here’s why sales at jcp.com have improved each month within the second quarter, and July sales are up over 14% to last year.

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.






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