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  • VF profit increases 9%

    New York -- VF Corp. said Friday that its first-quarter profit rose 9%, helped by last year’s acquisition of Timberland and global demand for its brands from North Face to Vans.

    Net income rose to $215.2 million, from $200.7 million a year earlier. Revenue was up 31% to $2.56 billion.
     

  • Survey: 32% of retailers use social networks to research job candidates

    Chicago -- Survey results released Thursday by WorkInRetail.com found that about one-third (32%) of retail hiring managers use social networking sites to research job candidates.

    The new survey from WorkInRetail.com – CareerBuilder’s job site for retail professionals, found that of the retail employers who do not research candidates on social media, 16% said their company prohibits the practice. Nine percent report they do not currently use social media to screen, but plan to start.

  • NRF: FTC should move cautiously on mobile payments

    Washington, D.C. -- The National Retail Federation on Thursday urged the Federal Trade Commission to move cautiously in establishing regulations for mobile payments, and said any rules that are adopted should parallel those for the underlying form of payment and not be specific to the technology.

  • Safeway profits up in Q1, opening more Lifestyle stores

    PLEASANTON, Calif. — Safeway's first quarter net income rose to $81.6 million, from $25.1 million in the year-earlier period. Sales edged up 2.4% to $10 billion, from $9.8 billion last year. Same-store sales were flat.

  • Marcus & Millichap names Denver retail exec

    Denver -- Marcus & Millichap Real Estate Investment Services announced that Jon Hendrickson has been named associate director of the firm’s National Retail Group in Denver.

    Hendrickson joined Marcus & Millichap’s sales intern program in 2004, became an agent in 2006 and was promoted to senior associate in 2009.
     
     

  • Coyote Management announces new strategic divisions

    Addison, Texas -- Coyote Management has announced the addition of three new strategic divisions -- a Third Party Management Division, Coyote Creative, and MER Interests.

  • Liz Claiborne 1Q loss narrows, revenue beats

    New York -- Liz Claiborne Inc. reported Thursday that it narrowed its loss in the first quarter to $60.6 million, compared with a $96.3 million loss in the year-ago period. Strong sales of the company’s Kate Spade and Lucky Brands goods strengthened the results.

    Revenue for the period fell 4% to $317.1 million from $330.7 million, but beat Wall Street’s estimated $307.4 million in revenue.

  • Target finds exclusive tune with Norah Jones

    MINNEAPOLIS — Target is partnering with Norah Jones for a deluxe edition of her fifth studio album, “Little Broken Hearts.” The Target deluxe edition of “Little Broken Hearts” is available now for pre-order at Target.com/NorahJones and will be offered at Target stores nationwide beginning May 1.

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