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eCommerce

  • Report: Consumers more loyal to retail stores and products than brands

    Denver -- When consumers search for online coupons and savings, 62% search for store-centric deals, 24% for product-specific coupons, and only 14% search specifically for brand name product discounts online, according to the first Buy-havior Report, from coupon-search engine ShopAtHome.com. The report tracks consumer search habits on the site.

    Of the 62% of consumers looking for store-centric savings, Wal-Mart was the most-searched for retailer followed by Kohl’s and Target, respectively.

  • Finish Line Q1 profit falls on costs but still beats Street

    New York -- The Finish Line Inc. said Friday its fiscal first-quarter profit fell 25% as higher costs offset sales growth.

    For the quarter ended June 2, the company earned $12.3 million, just beating Wall Street expectations, down from $16.4 million in the year-ago period.

    Sales rose 6.5% to $319 million, from $299.5 million. Same-store sales were up 8%.

    The company's cost of sales rose 9.3% to $214.4 million. Selling, general and administrative expenses increased 11% to $84.8 million.

  • Texas becomes latest state to tax online retailers

    ARLINGTON, Va. — Texas joins eight other states in taking legislative action requiring online-only retailers, notably Amazon.com, to collect sales tax. Online retailers will have to collect sales tax in Texas beginning July 1.

  • Mexican and Chilean operations among Latin America’s top BrandZ

    Walmart’s Bodega Aurrera stores in Mexico and Lider stores in Chile are among the most valuable Brands in Latin American, according to an extensive new report by global communications giant WPP.

  • Online-only retailers begin Texas sales tax collection on July 1

    Arlington, Va. --Texas joins eight other states in taking legislative action requiring online-only retailers, notably Amazon.com, to collect sales tax. Online retailers will have to collect sales tax in Texas beginning July 1.

  • New name, new focus for Duckwall-ALCO

    ABILENE, Kan. — A new era has begun at Duckwall-ALCO Stores, as the company's shareholders have approved the company's name change to ALCO. The change was approved at the company's annual shareholders' meeting on June 27. ALCO Stores also plans to change its ticker symbol on NASDAQ to "ALCS." Both the name change and the change in ticker symbol will be effective as of July 6.

  • Aritzia to open 13,000-sq.-ft. flagship in New York City

    New York -- Canadian retailer Aritzia will open its largest store to date, a 13,000-sq.-ft. flagship on Fifth Avenue in New York City.

    The apparel retailer is taking over a space previously occupied by Esprit. The location is in a building that is part of Rockfeller Center.

  • Finish Line comps up 8% in Q1

    INDIANAPOLIS — The Finish Line reported first quarter net sales of $319 million, an increase of 6.5% from the same period last year. Comparable-store sales were up 8% on top of a 6.5% increase last year.

    The company reported earnings of 24 cents per diluted share.
       

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