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  • Guess Q3 profit dips 4% as tax rate increases

    Los Angeles -- Guess Inc. said Wednesday that profit for the quarter ended Oct. 29 fell 4% as the clothing company's tax rate increased. The chain reported net income of $66.3 million, compared with $69.1 million in the year-ago period. The company's effective tax rate rose to 32.3% during the quarter from 29.1% a year earlier. As a result, the incomes taxes Guess paid rose 5% to $31.9 million.

  • Signage Challenged by Regulatory Issues

    By Bill Dundas, International Sign Association

  • NEW names conference co-chairs

    CHICAGO — Eva Kohn of Valassis Inc. and Subriana Pierce of Supervalu were named co-chairs of the Network of Executive Women CPG Retail Diversity Forum 2012 scheduled for March 6 to 8 in Dallas. The NEW Diversity Forum, formerly the Multicultural Workforce Conference, is the consumer products and retail industry’s leading diversity and inclusion event.

  • Department stores show mixed results in November

    New York City -- In a heavy promotional environment starring early sales and steep discounting, the department store players turned in mixed performances in November. Industry-wide retail sales on Black Friday rose 7% to $11.4 billion, the largest amount ever spent, according to ShopperTrak.

  • Target comps light in November

    MINNEAPOLIS — Target reported November same-store sales increased 1.8%, which was toward the low end of the company’s guidance that called for an increase in the low to mid single-digit range.

  • Express Q3 profit up 24%

    Columbus, Ohio -- Express Inc. reported Thursday that profit for the quarter ended Oct. 29 climbed 24% to $32.7 million, from $26.3 million in the year-ago period.

    Revenue increased 8% to $486.8 million, just missing Wall Street’s expected $488.2 million, and same-store sales increase 5%.

    Online sales surged 41%.
     

  • @WalmartLabs' Shopycat seeks to bridge gap between social media, shopping

    SAN BRUNO, Calif. — Walmart is looking to help holiday shoppers find the perfect gift this season with the launch of a new social shopping application.

  • Oakley selects 7thonline planning and assortment solution

    New York City -- Cross-channel merchandise planning and assortment solution provider 7thonline said Thursday that sports brand Oakley has selected 7thonline Merchandise and Assortment Management to increase the productivity of its inventory and merchandising process.

    The solution includes merchandise financial planning, visual and analytical assortment planning, in-season OTB management and forecasting, and embedded business intelligence, based on powerful optimization engines.

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