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PR Newswire ARCHIVE

Back Atcha: Men’s Wearhouse Makes a Play for Jos. A. Bank  Nov 26, 2013 9:39 AM By Tim Parry

Less than 7 weeks after Jo.s A. Bank looked to acquire troubled apparel merchant Men’s Wearhouse, Men’s Wearhouse made an offer Tuesday to acquire Jos. A. Bank for $1.2 billion.

McMillon to Replace Duke as Walmart CEO  Nov 25, 2013 10:30 AM By Tim Parry

Walmart Stores Inc’s board of directors has elected company veteran Doug McMillon to succeed Mike Duke as president and chief executive officer, effective Feb. 1. McMillon was also elected to the company’s board of directors effective immediately.

Williams-Sonoma, Inc.’s 3Q DTC Revenue Reaches $511 Million  Nov 21, 2013 2:23 PM By Tim Parry

Williams-Sonoma Inc.’s direct-to-customer revenues for the third quarter were more than $511 million, a 14% increase compared to the same period in 2012. Direct made up 49% of all revenues for the comapny.

Sears Holdings’ Ecommerce and Multichannel Sales Up 17% YTD  Nov 21, 2013 8:03 AM By Tim Parry

Sears Holdings said in its third-quarter earnings release that it has seen 17% year-to-date growth in its online and multichannel sales over the prior year. However, total sales for the parent company of Sears and Kmart was down 3.1% for the quarter.

More Consumers Shopping from Couch This Holiday Season  Nov 20, 2013 1:17 PM By Tim Parry

More shoppers will engage in couch commerce since they know that they can find the widest selection at the best price without leaving their couch or dealing with the masses.

Staples Has Rough Third Quarter  Nov 20, 2013 12:46 PM By Tim Parry

Staples as a whole did $6.1 billion in sales during its fiscal third quarter. However, that equates to a decrease of 3.8% compared to the same period in 2012. Its ecommerce and B2B sales, however, were positive.

JCPenney’s Ecommerce Sales Rise 24.5%  Nov 20, 2013 10:54 AM By Tim Parry

Third-quarter net sales at JCPenney were down 4.8%, but its ecommerce arm continues to shine. Online sales through JCP.com were $266 million for the quarter, up 24.5% versus the same period last year and reflecting sequential increases through the quarter.

Aggressive Promotions will Affect Holiday Sales Margins  Nov 20, 2013 8:46 AM By Tim Parry

FTI Consulting believes that retailers’ gross margins will continue to be pressured by aggressive promotional activity. Retailers focused on the bottom-line must decide how to approach holiday markdowns without jeopardizing the profitability of the season.

Package Deliveries Helped USPS Revenue’s Grow in 2013  Nov 15, 2013 3:53 PM By Tim Parry

The U.S. Postal Service lost $5 billion in fiscal 2013, which ended on Sept. 30. However, the USPS highlighted in a press release that it did see a slight revenue increase, thanks in part to an 8% growth in its package services business.

Little Tikes Launches Redesigned Ecommerce Site  Nov 15, 2013 2:57 PM By MCM Staff

Little Tikes has rolled out a website “renovation,” providing a redesigned look and feel, added content and more insight and value to its consumers. The brand also rolls out its new tagline, “The Wonder of Little Tikes,” embracing the awe-inspiring moments that connect parents and their children.






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