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  • RetailMeNot attracting more users

    As is the case with many digital companies, RetailMeNot demonstrated it could grow revenue in the second quarter, but generating a profit was a different matter.

  • P.S. From Aeropostale launches brand in Mexico, 100 stores on tap

    New York -- Aeropostale, Inc. will roll out its P.S. from Aeropostale brand in Mexico through a licensing partnership with Distribuidora Liverpool, S.A. de C.V.  

    P.S. from Aeropostale's expansion plans in Mexico include the opening of branded in-store shops in Liverpool department stores, as well as standalone stores, across Mexico beginning in summer 2014. The first store opened in July at Sante Fe Mall in Mexico City.

  • Sally Beauty net earnings fall 7% in Q3

    Denton, Texas – Sally Beauty Holdings Inc. reported its net earnings declined 7% to $67.76 million in the third quarter of fiscal 2014, from $72.47 million in the same period the prior year. Net sales grew 4.1% to $949.27 million, from $912.1 million.

    Expenses associated with an executive management transition and a previously disclosed data security breach in March 2014 contributed to Sally Beauty’s fall in net earnings.

     

  • Wet Seal names PacSun exec as merchandising head

    Foothill Ranch, Calif. - Christine Lee has been appointed executive VP and chief merchandising officer, starting on Sept. 3. Lee served as senior VP/general merchandise manager, women’s apparel, accessories and design at Pacific Sunwear of California Inc since 2010.

    Prior to Pacific Sunwear, Lee spent 18 years with Urban Outfitters Inc. Brieane Breuer, who joined PacSun in 2007 and is the company's current VP of women's design, will replace Lee on an interim basis.

     

  • Weis Markets Q2 net income plummets

    Sunbury, Pa. – Net income at Weis Markets Inc. plummeted close to 47% during the second quarter of fiscal 2014, compared to the prior year period. Weis reported net income of $12.8 million, compared to $21.18 million a year earlier.

    Weis cited company reinvestment and price discounting as driving the net income decline. Second quarter sales increased 4.5% to $691.9 million, from $662.1 million and same-store sales increased 2.9%.

  • EBay strives for diversity

    San Jose, Calif. – EBay Inc. has released its 2014 diversity report. The online auction retailer, whose global workforce is 58% male and global workforce is 61% white, says it has made improvements in workforce diversity but still has progress to make.

    EBay’s global leadership is 72%, while its global technology wotkforce is 76% male. The non-tech workforce is much more gender-diverse, with a slight 51% male majority.

  • Conn’s appoints finance expert to board

    The Woodlands, Texas - Conn’s, Inc. has named William E. Saunders Jr. to its board of directors, Saunders will also become a member of the Audit Committee and the Nominating and Corporate Governance Committee.

    Saunders has served as CEO of Community Choice Financial since June 2008, after joining the company as its CFO in March 2006. In May 2014, he was appointed as chairman of the board.

  • Christopher & Banks continues making changes to leadership

    Christopher & Banks has promoted Peter G. Michielutti to EVP, COO and CFO, just a day after the company named former National Stores executive Lynn C. Derry as SVP and general merchandise manager.

    The move is part of the company’s growth strategy.

    Michielutti will be responsible for the company’s finance, accounting, internal audit, investor relations, real estate, tax, risk management, information technology and supply chain and logistics functions. He joined the company in April 2012 as SVP and CFO.

  • Conn’s adds financial exec to board

    Conn’s has appointed William E. Saunders Jr. to its board of directors. Saunders will also become a member of the audit committee and the nominating and corporate governance committee.

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