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  • Long-time retail exec named to Bon-Ton board

    YORK, Pa. — The Bon-Ton Stores has elected Jeffrey Sherman to its board, effective immediately. Sherman will serve on the human resources and compensation committee.

  • SkinnyPizza signs deal to expand in Manhattan

    New York -- SkinnyPizza has signed an exclusive deal with Mogull Realty for multi-unit expansion into Manhattan. 

  • Guitar Center finds right note with former Best Buy exec

    WESTLAKE VILLAGE, Calif. — Music retailer, Guitar Center, has announced that Mike Pratt has been appointed CEO and a member of the company's board of directors effective April 1. Pratt succeeds Marty Hanaka, the company's Interim CEO, who will remain on the board and assist in the transition.

  • Starbucks to expand loyalty program to Teavana and supermarkets

    Seattle -- Starbucks Coffee Co. is expanding its customer loyalty program to the supermarket channel and its Teavana stores as it looks to double membership from 4.5 million members at the end of October 2012 to approximately nine million members by the end of fiscal 2013.

    Starbucks made the announcement at the company’s annual shareholders on Wednesday in Seattle. Also at the meeting, Starbucks investors rejected a shareholder proposal to prohibit the chain from making political contributions or forming a political action committee.

  • "Made in America?" Not Any Time Soon

    Allow me to be the group historian for a minute. Does anyone remember, in 1984, the "Crafted with Pride in the U.S.A." advertising campaign, spearheaded by the late Roger Milliken, and funded by a consortium of fiber, chemical and textile companies? This was supposed to have instilled enough patriotism in the consumer to buy goods made in America at a furious enough rate to keep manufacturing here on our soil.

  • DuPont issues warning on illegal refrigerants, particularly R-22 and R-438A

    Wilmington, Del. -- DuPont Refrigerants urges HVACR industry members to be aware of potential counterfeit and illegally imported refrigerant products, with particular attention to R-22 and R-438A. R-438A is a patented product from DuPont, sold as DuPont ISCEON® MO99 refrigerant.

  • Ross keeps rolling with discount philosophy

    Off price retailer Ross Stores achieved record fourth quarter sales and earnings and expects to deliver more of the same in 2013 thanks to an unwavering commitment to offering great bargains.

    Sales for the 14 week fourth quarter ended February 2, increased 15% to $2.76 billion when compared to the prior year’s 13 week fourth quarter. Same store sales advanced 5% on top of a prior year gain of 7%. Earnings per share for the period increased to $1.07 from 85 cents last year and net income grew to $236.6 million from $192 million.

  • DSW Q4 sales up 15.7%, expects weaker 2013

    COLUMBUS, Ohio — DSW reported that its fourth quarter sales increased 15.7% to $594.3 million from $513.7 million for the same period last year. Comparable sales increased 3.6%.

    The company reported that fourth quarter adjusted EPS rose to 69 cents per share, an increase of 35.3% per share.

    Full year sales increased 11.5% to $2.3 billion, and comparable sales increase 5.5%.

    Adjusted EPS for the year rose to $3.35 per share for the full year, up from $3.00 per share in 2011.

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