Direct To Consumer (DTC)

Pittsburgh – American Eagle Outfitters Inc. flew high in the second quarter of fiscal 2015, surpassing Wall Street expectations for profit and revenue. AEO reported net income of $33.26 million, an almost six-fold increase from $5.81 million in the prior year period.

The growth pace of cost of sales and expenses was slower than that of sales, helping AEO report such a dramatic rise in profit. Operating income also significantly improved. Total net revenue increased 12% to $797 million from $711 million, aided by an 11% jump in same-store sales.

Jericho, N.Y. - Online shoppers in the U.S. and Canada are willing to sacrifice delivery speed for a lower shipping cost. According to a survey of U.S. and Canadian shoppers conducted by Purolator International, the cost of shipping was identified most often as the single most important concern in terms of the delivery of their purchases.

New Albany, Ohio - Abercrombie & Fitch Co. has named a new brand leadership team the retailer hopes will collectively help drive the Abercrombie brand forward.  

The new brand leadership team includes the following executives:

• Stacie Beaver, general manager for Abercrombie Womens. Having held a variety of senior positions at Abercrombie for more than 15 years, Beaver most recently led the Bottoms business for men and women across Hollister and Abercrobmie.
 

Abercrombie & Fitch Co. has formed a new brand leadership team to help drive the struggling company forward.  

Oakland, Calif. – Stores are apparently failing to deliver the goods when it comes to providing customers the products they want, when they want them. New research from supply chain technology provider GT Nexus shows that 75% of U.S. adults have found a product unavailable in a store in the past 12 months.

And 38% of U.S. adults experienced in-store stock-outs often or very often in the past 12 months.

Sporting goods retailer Cabela’s is making some changes in its executive leadership.

The company announced that Brian J. Linneman, EVP and CMO, will transition from his current position and become a strategic adviser to the company.

Englewood, Colo. – Home shopping retailer QVC is expanding its omnichannel reach. QVC parent company Liberty Interactive Corp. is purchasing struggling online retailer Zulily Inc. for $2.4 billion in cash and stock.

Seattle – Amazon.com has no shortage of innovative ideas on connecting customers to the products they buy, and reportedly is considering yet another new delivery method. According to GeekWire, Amazon has filed a patent application to use public transportation to help get goods to customers.