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  • Alliance Data to launch private label credit card program for TigerDirect

    Dallas -- Alliance Data Systems Corp., a provider of loyalty and marketing solutions derived from transaction-rich data announced its retail services business has signed a multi-year agreement to provide private label credit card services for multichannel computer and electronics retailer TigerDirect, a subsidiary of Systemax, Inc.   

  • Campbell acquires Plum Organics

    CAMDEN, N.J. — Campbell Soup Company has entered into an agreement to acquire Plum Organics, a provider of premium, organic foods and snacks that serve the nutritional needs of babies, toddlers and children. 

    The company is based in Emeryville, Calif. Plum is the No. 2 brand of organic baby food in the U.S. and is currently the No. 4 baby food brand overall. Baby food is an approximately $2 billion category in the United States. From 2010 to 2012, the premium and organic segments grew at an average annual rate of 43%.

  • Limited Q1 profit advances, raises guidance

    Columbus, Ohio -- L Brands Inc., formerly known as Limited Brands, reported Wednesday that profit for the quarter ended May 4 surged 14% to $142.5 million, from $124.6 million last year. The Victoria’s Secret and Bath and Body Works parent increased its outlook for the year.

    Quarterly sales rose 5% to $2.27 billion from $2.15 billion, edging Wall Street’s expected $2.26 billion in revenue. Same-store sales increased 3%.

     

  • Ralph Lauren’s Q4 profit jumps 35%

    New York – Ralph Lauren Corporation reported increases in sales and net income during both fourth quarter and the full year of fiscal 2013. Quarterly retail sales rose 7% from $752 million to $804 million, while annual retail sales rose 6% from $3.4 billion to $3.6 billion. Ralph Lauren attributed both the fourth quarter and full year retail sales improvement to incremental contribution from new stores and e-commerce operations, as well as consolidated comparable store sales growth of 3%.

  • Buckle profit dips in Q1 on higher expenses

    Kearney, Neb. -- The Buckle reported Thursday that net income for the quarter ended May 4 fell slightly to $37.6 million, compared with $37.8 million in the year-ago period. Results were impacted by higher operating expenses.

    Revenue increased 2.3% to $269.7 million from $263.8 million, and same-store sales edged up 1.2%.

     

  • Sears Canada posts loss; names CFO

    New York -- Sears Canada reported a net loss in its first quarter of C$31.2 million ($30.3 million) compared with a net profit of C$93.1 million, a year earlier amid weakened demand for major appliances and home products.

    Revenue fell more than 6% to C$867.1 million. Same-store sales fell 2.6%.

    The company also named E.J. Bird as CFO. Bird was appointed interim CFO in March, two months after Sharon Driscoll resigned from the post.

     

  • SDL's cloud-based solution optimizes online shopping experience

    MAIDENHEAD, U.K. — SDL, a global company that helps brands maximize their online business, has released a cloud-based solution for e-commerce marketers called SDL Fredhopper 7.5. 

    SDL Fredhopper 7.5 allows e-commerce marketers to modify their online stores based on new trends, consumer behavior and commercial drivers. Marketers can, therefore, use the tool to adapt an entire product catalog and target specific shoppers.

  • Zale elects former Signet CEO board chair

    DALLAS — Zale Corporation, a specialty retailer of diamond and other jewelry products, has elected former Signet CEO Terry Burman as a director and as chairman of the board. John B. Lowe Jr., who has served as chairman for the past five years, will remain on the board.

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