Penney’s Profit Sinks 50%
First-quarter financial results for J.C. Penney Co. were a solid sign of these trying economic times. For the period ended May 3, J.C. Penney’s net sales fell 5.1%, to $4.12 billion, from $4.35 billion a year ago.
News
No More Bloomingdale’s By Mail
Thirty years after it launched the book to target affluent customers nationwide, Bloomingdale’s is discontinuing its Bloomingdale
Yankee Candle Closes Illuminations Headquarters
Less than two years after Yankee Candle Co. acquired Illuminations in a $22 million cash deal, company officials have closed the Illuminations
Soft Surroundings to Open Two New Stores
Apparel, home d
Third Quarter Net Loss for Harry & David
Third quarter net sales at Harry & David Holdings dipped 5%, to $68.3 million for the 13 weeks ended March 29. Last year
Financial Reports: Bluefly, Design Within Reach, Golfsmith, Systemax, Talbots
Bluefly, an online merchant of discounted designer apparel and decor, posted a 14% leap in first-quarter revenue, to $25.2 million from $22.1 million in 2007. But the company
Godiva Goes Mobile
Godiva Chocolatier has a new flavor: Blackberry. The multichannel food and gift merchant has added a mobile channel to enable BlackBerry smartphone users to make purchases on the go.
April Sales Roundup
For April sales, our lineup of multichannel merchants shrank because Sharper Image Corp. and Jos. A. Bank Clothiers don
Bare Necessities Launches Catalog
Online intimate apparel merchant Bare Necessities has launched its first-ever print catalog, with an at-home date of May 14.
MacKenzie-Childs Sold
Private equity firm Twin Lakes Capital acquired ceramics manufacturer/marketer MacKenzie-Childs on May 7.