In its annual report filed Tuesday, Abercrombie & Fitch revealed that it plans to open Abercrombie & Fitch flagship stores in Seoul and Shanghai in 2013, as well as 20 international Hollister stores.

Abercrombie & Fitch Co.’s net income rose to $157.2 million for the fourth quarter, compared with $45.8 million a year earlier for a 13-week period.

J.C. Penney Co. has hired Brandon Tonniges, a former Abercrombie & Fitch Co. executive, as director of visual merchandising, Bloomberg reported.

Simon Property Group said that St. Louis Premium Outlets, located in Chesterfield, Mo., has moved up its opening date to Aug. 22, 2013, and will be joined by Nike, Cole Haan, Converse, Gymboree, Adidas, Wilsons Leather and Claire's Accessories.

Abercrombie and Fitch reported net income of $71.5 million for the third quarter, compared with $50.9 million in the year-ago period and beating Wall Street expectations.

The Body Shop launched a new earth-friendly eGift Card service powered by CashStar, a digital gifting and incentives company.

More and more retailers are using digital technology to enhance the physical store experience and engage customers.

Whole Foods Market said that it has launched two new eco-friendly gift cards, with plans to replace the recycled plastic cards that will be phased out over time.

The Abercrombie & Fitch store in Manhattan’s SoHo neighborhood that was closed last week because...

Steve & Barry’s announced late Monday that it has agreed to a $163 million takeover...