eCommerce

Seattle – Rising selling, general and administrative (SG&A) expenses resulted in shrinking profits for Blue Nile Inc. during the fourth quarter and fiscal year 2014, despite healthy sales growth. In the fourth quarter, net income dropped 2% to $4.83 million from $4.93 million.

Net sales rose 8% to $157.47 million from $145.96 million. During the full fiscal year, net income fell 12% to $9.73 million, from $10.87 million. Net sales grew 5% to $473.51 million, from $450 million.

Livermore, Calif. -- Simon announced today that Livermore Premium Outlets, the Bay Area's premier outlet shopping center, will be rebranded and named San Francisco Premium Outlets in conjunction with its major expansion.

The 512,000-sq.-ft. center opened in 2012 and is currently undergoing a significant expansion to add 185,000 sq. ft. to be populated by leading designer brands, opening on August 13, 2015.

New York -- Home shopping giant HSN is number one in online customer experience, according to the E-tailing Group's 2014l Customer Experience Index. Overall results for the 8th year of the study came in at 72.06, rising above the mark of 71.06 in 2013’s analysis. On the 2014 index, eleven merchants hit the 80+ pinnacle, with HSN have the top score at 88, followed by Office Depot (84.75) and Dick’s Sporting Goods (83).

Urban Outfitters Inc. set a record and beat Wall Street expectations with its sales for the fourth quarter and full fiscal year 2014.

Total net sales grew 12% to $1.01 billion from $905.86 million, setting a record for the company. Same-store sales, including direct-to-consumer sales, rose 6%. For the full year, total net sales increased 8% to $3.32 billion, from $3.09 billion, also another record. Same-store sales grew 2%. For both the fourth quarter and full fiscal year, strong growth in the wholesale segment helped push up total net sales.

Mobile and omnichannel are the top priorities for retailers this year, according to the 2015 Shop.org/Forrester Research Inc. State of Retailing Online report.

About 58% of the retailers by surveyed Shop.org and Forrester Research Inc. place mobile at the top of their list, up from 53% last year. 

Chesapeake, Va. - Dollar Tree Inc. is arranging financing for its pending acquisition of Family Dollar Stores Inc. To that end, Dollar Tree has priced a private offering of $$2.5 billion of senior notes due 2023 and $750 million of senior notes due 2020. The 2023 notes will bear an annual interest rate of 5.75% and the 2020 notes will bear an annual interest rate of 5.25%.

Dollar Tree has also arranged for a $1 billion term loan with interest of LIBOR plus 2.25% and a $3.95 billion term loan with interest of LIBOR (subject to a 0.75% floor) plus 3.5%.

As online gift registries become more popular with shoppers, Shopko is giving its gift registry service an omnichannel makeover.

Shopko has joined forces with MyRegistry.com to offer Shopko customers access to MyRegistry.com’s software platform and services. The partnership enables Shopko shoppers to create and manage personal gift registries using the myregistry.com platform and technology, including an in-store mobile scanning app.

New York - While the digital age has encouraged more consumers to shop and browse products on the Web, physical stores are still primary destinations for shoppers, according to an annual survey by PwC's.