-
Amazon gets a new fashion "habit"
SEATTLE -- Amazon.com continues to grow beyond its origins as an online bookstore and is now expanding its apparel offerings with the launch of a new membership-only website, Myhabit.com.
According to the company, the website, of which member ship is free, will offer up to 60% off hand-picked styles from the most sought after brands. Other features of the site include free shipping and returns, upscale photography and 360-degree views of the clothing on live models.
-
Big Five Q1 income slides 54%
El Segundo, Calif. -- Big 5 Sporting Goods Corp.’s first-quarter net income fell 54% and missed analysts' expectations because of increased expenses as customer traffic declined.
The company also gave a second-quarter earnings outlook much lower than Wall Street's view.
Big 5 reported late Tuesday that it earned $2.8 million for the period ended April 3, down from $5 million a year ago.