eCommerce

The obituary for the printed retail catalog might have been a bit premature, if J.C. Penney is correct.

The retailer is reportedly bringing back its big glossy paper catalog after new evidence surfaced suggesting that print catalogs drive sales, the Wall Street Journal reports.

Michaels Companies Inc. had plenty to smile about during the 2014 holiday season -- its first holiday season since going public in June.

Net sales for the eleven-week period from Nov. 2 to Jan. 17 increased 3.5% and same-store sales increased 1.5% from the comparable prior year period. For the full fourth quarter of fiscal 2014, net sales are expected to be in the range of about $1.59 billion to $1.6 billion, with an expected increase in same-store sales ranging from 0.8% to 1.2%. Michaels expects operating income to be $286 million to $291 million.

Montreal – Canadian bookstore chain Indigo Books and Music Inc. has enhanced its implementation of XCCommerce’s Promotion Solution Suite across all its channels by rolling out the Central Coupon Module.

New York -- Barnes & Noble announced that Mitchell Klipper, CEO of the retail group, will retire at the end of the fiscal year, ending May 2, but will remain with the company in the role of special advisor on real estate and other matters. Klipper, a 28-year veteran of the chain, previously served as the retailer’s COO and CFO before being appointed chief executive.

The retailer said it has begun a search to fill Klipper’s position and that he will help with the selection of the new retail CEO and in the transition process.

Melville, N.Y. -- A&G Realty Partners has been retained by Delia’s Inc. to manage the sale of the 71 retail store leases following the company’s recent Chapter 11 bankruptcy filing.
 
A&G Realty is currently accepting bids thru February 2, 2015 to acquire the leases, which range from 3,000 sq. ft. to 5,000 sq. ft. in key retail locations at some of the country’s top malls.

With retail executive titles becoming increasingly exotic, credit Walmart for coming up with an unusual sounding title for a position that other retailers might describe as chief omnichannel officer.

York, Pa. -- The Bon-Ton Stores announced that Keith E. Plowman, executive VP and CFO plans to retire in August. His departure will be followed by an 18-month consulting stint.

The retailer will undertake a national search to find a CFO to succeed Plowman.

Schaumburg, Ill. -- Simon will be making significant design enhancements to its iconic Woodfield Mall, located in Schaumburg, Illinois, and featuring nearly 300 retail, dining and entertainment options. The transformation starts in January, with a renovation of the Grand Court and followed by a variety of design and comfort upgrades.