eCommerce

Nashville, Tenn. -- Genesco said Friday that its net income rose 19%, boosted by acquisitions and higher revenue from its stores.

Net income rose 19% to $30.9 million, from $25.9 million in the prior-year period. Revenue rose 17% to $560.5 million, from $479 million. Analysts expected revenue of $539.8 million.

Same-store sales were up 9%.

For the full year, net income rose 85% to $53.2 million. Revenue rose 14% to $1.79 billion, from $1.57 billion.

NEW YORK -- Sales at Macy’s, JCPenney and Kohl’s surpassed analysts’ estimates in February amid gradually moderating temperatures and rising consumer confidence. However, analysts warned that a late Easter and rising gasoline prices could impact sales going forward.

Confidence among U.S. consumers rose in February to the highest level in three years, according to a Thomson Reuters/University of Michigan index, as a drop in unemployment helped overcome concern over rising food and fuel costs.

The March issue of Fortune contains the magazine’s annual ranking of the most admired companies and this year’s list shows Walmart slipped two spots from the prior year and now occupies the 11 position.

Walmat’s efforts to penetrate to New York have been the focus of considerable media attention the past few years so it is somewhat strange to find no mention of the company in a report out this week on commercial real estate trends.

Laura Pomerantz, a principal with the New York-based commercial real estate firm of PBS Real Estate noted that “2011 will see big changes on the streets of Manhattan. New and unexpected retailers are transforming shopping dynamics from Madison and Fifth Avenue to Times Square and the Upper West Side.”

DUBAI -- Tiffany and Co. announced it has named Frederic Cumenal as EVP effective March 10. Cumenal will be responsible for the company's businesses in Asia, Japan, Europe and emerging markets, and will report to chairman and CEO Michael Kowalski.

Cumenal joins Tiffany from the LVMH Group where most recently he was president and CEO of Moet and Chandon, S.A.

SALT LAKE CITY -- Overstock.com announced that it won two 2011 Stevie Awards for sales and customer service, in the following categories -- Customer Service Department of the Year, Retail and Sales Department of the Year, All Other Industries.

Now in its fifth year, the Stevie Awards selected winners in 40 award categories honoring achievements, individuals, teams and departments by industry in the sales field and 25 award categories honoring individuals, team and departments by industry in the customer service/contact center awards field.

Topeka, Kan. -- Collective Brands, the parent company of Payless ShoeSource, said Wednesday that its net loss narrowed slightly in the fourth quarter as sales improved in its wholesale unit. The performance beat Wall Street expectations.

For the three months ended Jan. 29, Collective Brands lost $10.1 million, compared with a loss of $10.9 million in the year-ago period.

Albany, N.Y. -- Trans World Entertainment said that net income for the fourth quarter rose to $12.4 million $11.4 million as it continued to cut costs by closing more of its f.y.e. (For Your Entertainment) stores.

Total sales for the quarter fell 22%, to $231.2 million. Same-store sales fell 6%.

For fiscal 2010, Trans World posted its fourth consecutive annual net loss. The net loss for the year was $31 million, compared with a net loss of $42.4 million in fiscal 2009.

Old Bridge, N.J. -- R.J. Brunelli & Co. said Thursday that it has completed a series of leases that will bring major retailers, restaurants, recreational facilities and personal services to sites in Middlesex, Monmouth, Ocean, Mercer, Union, Essex, and Bergen counties in central and northern New Jersey.

New York City -- Some landlords, vendors and other unsecured creditors of Blockbuster are objecting to Blockbuster's plan to sell itself because they fear they won't be paid what they are owed, according to the Associated Press.

A hearing to approve the stalking horse bid and auction was originally scheduled for Wednesday, but was postponed late Tuesday until March 10 while the judge considers the objections.