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Direct To Consumer (DTC)

  • Aaron's plans to create almost 1,000 jobs in U.S., Canada in 2011

    Atlanta -- Aaron’s said Tuesday that it plans to create nearly 1,000 jobs in the United States and Canada this year. The lease-to-own retailer said it has added 50 workers so far this year and is on schedule to hire 500 more based on current store opening plans.

    An additional 75 franchised stores is expected to create about 400 jobs.

  • Harry & David files for bankruptcy

    Medford, Ore. -- Harry & David Holdings filed for Chapter 11 bankruptcy protection on Monday, according to a filing.

    The gift basket retailer will continue to operate the business as debtors under the jurisdiction of the bankruptcy court. The company has nearly $200 million in outstanding debt.

    Harry & David sells its products through catalogs, its website and in stores, which are primarily in factory outlet malls across the nation.

  • Great news for the great outdoors (retailer)

    SEATTLE -- REI (Recreational Equipment Inc.) announced 2010 sales of $1.66 billion, up 14% from $1.46 billion the previous year, proving that even in a down economy outdoor enthusiasts will find ways to support their passion. Net income in 2010 was $30.2 million, up 1.4% from $29.8 million in the previous year. The company’s direct sales channel, which includes online and catalog sales, grew by 22.9%. Comp-store sales grew by 8.1%, up from negative 3.5% in 2009.

  • Ebay to acquire GSI Commerce

    SAN JOSE, Calif. & KING OF PRUSSIA, Pa.  -- Ebay Inc. announced that it has agreed to acquire GSI Commerce, a leading provider of e-commerce and interactive marketing services, for $29.25 a share, or total consideration of approximately $2.4 billion. The acquisition, which will be financed with cash and debt, is expected to close in the third quarter of 2011.

  • Delia's names two new board members

    NEW YORK -- Teen fashion retailer Delia's has announced the appointment of two shareholder representatives to its board of directors effective March 25. The two new directors are Michael Zimmerman, the founder and CEO of Prentice Capital Management, LP, and Mario Ciampi, the managing partner of Prentice Capital Management, LP. Zimmerman will also serve as a member of the corporate governance and nominating committee, and Ciampi will be a member of the compensation Committee.

  • Talbots posts smaller-than-expected Q4 loss, accelerates remodels

    Hingham, Mass. -- The Talbots reported Thursday a narrower-than-expected fiscal fourth-quarter loss, and said it plans to expand its store re-image program to improve traffic. The chain also it expects to close as many as 100 stores over the next two years.

    Talbots lost $2.8 million in the quarter ended Jan. 29, compared with a loss of $1.5 million in the year-ago period.

    Net sales fell 7.4% to $292.6 million, compared with $315.9 million in the same period last year. Same-store sales dropped 7.3%.

  • Charming Shoppes posts Q4 loss, names CEO

    Bensalem, Pa. -- Charming Shoppes said Thursday it recorded a net loss on a GAAP basis of $30.4 million for the quarter ended Jan. 29, compared with a loss of $28 million a year earlier. The company also announced the announced the appointment of Anthony M. Romano, COO and acting CEO, as president and CEO.

  • Nordstrom completes acquisition of HauteLook

    Seattle – Nordstrom said Thursday it has completed its acquisition of online private sale marketplace HauteLook, effective March 23.

    Nordstrom said the acquisition will enable it to participate in the fast-growing private sale marketplace and provide a platform to increase innovation and speed in the way it serves customers in all channels.

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