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Live from NRF: Sales Slowdown Ahead
By: By Jim Tierney
New York-- Retail sales are expected to rise 3.5% in 2008, the lowest increase in six years, according to Rosalind Wells, chief economist for the National Retail Federation. During her remarks at the trade organization’s “Big Show” here on Monday, Wells avoided calling it a recession, but termed the retail sales forecast as a “slowdown.”...
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December Sales Roundup
Generally speaking, December sales for the publicly traded companies tracked by Multichannel Merchant were all over the place. ...
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Coldwater Creek Cuts 65 Jobs
In yet another sign of the tough times facing the industry, Coldwater Creek on Jan. 8 eliminated 65 positions companywide. ...
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Chefs Catalog Shutting San Francisco Office
By: By Tim Parry and Jim Tierney
Cooking and kitchenware products merchant Chefs Catalog will close a San Francisco office and shift jobs from that location to its Colorado Springs, CO, headquarters....
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BabyUniverse Now The Parent Co.
By: By Jim Tierney
A year after BabyUniverse, an online marketer of baby/maternity products, merged with toys merchant eToys Direct, the combined company has a new name: The Parent Co....
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Talbots Pulling Plug on Kid’s and Men’s Businesses
By: By Tim Parry and Jim Tierney
It’s going to be women only for The Talbots: To better focus on its core women’s apparel business, the company announced Jan. 4 it will drop its Talbots Kids and Talbots Mens lines....
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TigerDirect Takes CompUSA
By: By Tim Parry and Jim Tierney
Systemax has entered into agreement to purchase the CompUSA brand, trademarks, and e-commerce business. ...
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ASAP’s New Direction: West
By: By Jim Tierney
When Automotive Specialty Accessories and Parts (ASAP) appointed Love Goel as new chairman of its board of directors nearly a year ago, he said: “We’re at the natural inflection point of the business where a different set of eyes is part of the natural evolution of the business.”...
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Rhino Pop-Up Store Returns to Retail Roots
By: By Larry Jaffee
In a business that recently has seen the disappearance of once-market leaders Tower Records and Sam Goody, reissue music label Rhino Entertainment opened a pop-up store in Los Angeles for the month of December....
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MasterCard Survey: Holiday Sales Up 3.6%
By: By Tim Parry
Retail sales for the time between Black Friday (Nov. 23) and Dec. 24 grew by a seasonally adjusted 3.6% over the same period in 2006, according to MasterCard Advisors’ SpendingPulse....
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IPO for Verso Paper
Coated paper supplier Verso Paper Corp. is planning an initial public offering of common stock, according to a Securities and Exchange Commission filing today....
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Net Income Rises at Jos. A. Bank
Third-quarter net income for Hampstead, MD-based Jos. A. Bank Clothiers rose 27%, to $7.1 million, compared with $5.5 million for the same period last year, in the third quarter ended Nov. 3. Sales jumped nearly 10%, to $131.3 million, up from $119.5 million in the third quarter of 2006. Direct sales for the menswear cataloger/retailer skyrocketed increased 1.8%, while same-store sales rose 3.1%....
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AmeriMark Finally Buys Dr. Leonard’s
By: By Jim Tierney
More than four months after Multichannel Merchant reported that AmeriMark Direct had agreed to buy fellow multititle cataloger Dr. Leonard’s Healthcare Corp., the deal finally went through Dec. 17. ...
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Patrick James Starts Catalog
By: By Jim Tierney
Better late than never. That’s the mantra for upscale men’s apparel retailer Patrick James....
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