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  • Jones Group swings to 1Q profit; lowers forecast

    New York -- The Jones Group Inc. returned to a profit in the first quarter, but sales were hampered by unseasonably cool weather. The company said net income for the three months ended April 6, after paying preferred dividends, totaled $500,000. That compares with a loss of $1.2 million in the year-ago period.

    Revenues for the first quarter of 2013 were almost $1.1 billion, up from $936 million for the same period last year. Jones Group CEO Wesley R. Card said that weather and other factors impacted the business both domestically and internationally.

  • Sports Authority names RadioShack VP as chief marketing officer

    Englewood, Col. -- The Sports Authority has appointed Paul M. Okimoto as the company’s new chief marketing officer.
     
    Okimoto previously served as VP of marketing at RadioShack. He also held positions with the Nielsen Company as VP of corporate marketing and AT&T Wireless as head of integrated marketing communications.  
       

  • Safeway names CEO

    Pleasanton, Calif. -- Safeway announced that Robert Edwards, currently the company's president, will succeed Steven Burd as CEO when Burd retires as chairman and CEO on May 14. Edwards, 57, will also join the company's board of directors.

    "Since he arrived here in 2004, Robert has successfully met every challenge he has faced," Burd said. "He has demonstrated the ability to lead the company in all facets of its operations, and has earned the respect of the entire organization."

  • Office Depot reports Q1 loss

    Boca Raton, Fla. -- Office products retailer Office Depot reported a worse-than-expected first quarter net loss of $17 million, compared with net earnings of $41 million a year earlier, hurt by lower sales and costs related to its pending merger with OfficeMax. The company also said it would hold a special meeting with investors to seek approval for the merger.   

  • Who What Wear launches e-commerce site

    Los Angeles – Online fashion magazine Who What Wear is launching a new home décor e-commerce site, DomaineHome.com.

    The site functions as an online magazine focused on home décor and decorating with shoppable content.

     

  • Perkins Restaurant & Bakery plans store redesign

    Memphis -- Specialty restaurant operator Perkins Restaurant & Bakery is launching a store remodeling initiative that will include more than 20 corporate locations in the first half of 2013 and then expand to franchise locations.

    The remodel package, designed by Louis & Partners Design, will encompass external and internal changes. Perkins operates 416 restaurants in 34 states and Canada.

     

  • Big Lots names Campisi CEO

    Columbus, Ohio -- Discount retailer Big Lots has named David Campisi, 57, as CEO and president of Big Lots, effective May 6. The 30-year-industry veteran most recently served as chairman and CEO of Respect Your Universe, a publicly traded company focused on premium performance apparel and equipment. Prior to that, he was an executive with The Sports Authority for nearly seven years, rising to become chairman and CEO.

  • Report: Mother’s Day spending to be nearly flat

    Los Angeles -- Mother's Day spending will be nearly flat this year as more Americans return to work and have less spare time, according to a new report by market research firm IBISWorld.

    The report forecast a 0.2% rise in purchases on Mother's Day gifts this year over last year, for a total of $17.1 billion.

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