eCommerce

ST. PETERSBURG, Fla. — HSN announced that it will offer an exclusive collection of home decor from award-winning architectural and interior designer and design television host Vern Yip.

The HSN exclusive Vern Yip Home collection will feature his signature, unique design lotus and medallion (a symbol of his family's history and design aesthetic) available on a bedding line, the company reported. The collection will also include furniture, window treatments, rugs, lighting and decor items.

Dallas -- Alliance Data Systems Corp. said Tuesday it has signed a long-term extension agreement with J. Crew Group to continue providing the retailer with reward program and private-label credit-card services, accepted at J. Crew stores and through J. Crew’s web and catalog channels.

DALLAS — Karen Katz, president and CEO of Neiman Marcus announced that John E. Koryl will be joining the company, June 20, as president of Neiman Marcus Direct. Koryl succeeds Gerald Barnes, who will become EVP, chief merchant Neiman Marcus Direct.

Koryl, 40, joins Neiman Marcus from Williams-Sonoma where he was the SVP e-commerce marketing and analytics. Prior to Williams-Sonoma, Koryl was senior director marketing solutions at eBay and has worked at UmbrellaBank, Creditland.com, and Accenture.

China ranks as the most attractive emerging market for apparel retailers, according to global management consulting firm A.T. Kearney’s 2011 Global Retail Development Index for Apparel. The report advises that as U.S. consumer confidence and the overall economy continues an uneven recovery, the nation’s apparel retailers must look to high-growth emerging markets to expand their businesses and increase revenues.

New York City -- Ron Johnson, credited with building Apple’s retail empire, is leaving the high-tech company to become CEO of J.C. Penney Co.

Johnson, who served as senior VP of retail for Apple, will assume the chief executive role on Nov. 1. He will report to current CEO Myron (Mike) Ullman, III, who will become executive chairman. Johnson will also join the company's board, effective Aug. 1.

Minneapolis -- Best Buy Co. reported Tuesday that net income for the first quarter fell 12% to $136 million, hurt by increased promotions and lower demand for such items as flat-panel televisions and digital cameras. But strong showings in China, mobile phone sales and online performance pushed helped to boost profit and revenue past analyst estimates.

Stevens, Pa. -- A survey released Tuesday by Unity Marketing revealed the list of retailers frequented by the most wealthy American shoppers – those earning $250,000 and up.

Barneys New York, Nordstrom and Bergdorf Goodman ranked as the top luxury department stores among the ultra-affluent in the Luxury Report 2011. However, the survey also uncovered signs that the wealthiest consumers are slowing their pace of shopping in these stores.

MINNEAPOLIS — Best Buy reported Tuesday that net income for the first quarter fell 12% to $136 million, or 35 cents per diluted share, hurt by increased promotions and lower demand for such items as flat-panel televisions and digital cameras. But strong showings in China, mobile phone sales and online performance pushed helped to boost profit and revenue past analyst estimates.