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Build-A-Bear cuts net loss
St. Louis – Build-A-Bear Workshop Inc. reduced its net loss to $4.3 million in the second quarter of fiscal 2014 from $6.2 million in the second quarter of fiscal 2013.
Consolidated net sales fell 7.7% to $75.4 million, from $80.4 million. Consolidated same-store sales dropped 4.9%.
Build-A-Bear cited the net closure of 10 stores from the prior year as helping to reduce revenues. CEO Sharon John said the company is poised for a strong second half of the fiscal year.
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U.K. shopping mall deploys ‘virtual’ employee
Cambridge, U.K. -- Grafton Shopping Centre, Cambridge, is hoping to dazzle shoppers with a “virtual” employee who greets customers when they enter the mall. The shopping center is using the Tensator Virtual Assistant, innovative technology which projects a life-like image of a person.
The display interacts with customers, answering common questions and promoting mall offers. This is the very first use of the technology in a United Kingdom shopping mall.
