Press Releases ARCHIVE

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.

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%.

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.

USPS Announces Big Changes in Priority Mail  Aug 14, 2013 2:03 PM By Erin Lynch

The United States Postal Service has launched what it is calling “major changes” to its Priority Mail lineup, including free insurance, improved tracking, and day-specific delivery. The USPS said the changes would generate more than a half a billion dollars in revenue.

NRF Says July Retail Sales Were a Mixed Bag  Aug 13, 2013 12:15 PM By Erin Lynch

The back-to-school season might have helped boost retail sales, according to the National Retail Federation, as clothing, sporting goods, and books saw an increase in July.

Rakuten to Add PopShops to Its Portfolio  Aug 12, 2013 4:27 PM By Erin Lynch

Rakuten has entered into an agreement to acquire PopShops, a Seattle-based data and analytics company, for an undisclosed amount of money.

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.






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