Retail

Regional department store operator Gordmans Stores said its fourth quarter same store sales are likely to decline in the mid-single digits after it reported a 6.1% drop in comps for the third quarter ended November 2.

Despite the comp decline, Gordman’s total sales at its 93 stores increased 5.8% to $151.3 million from $143.1 million due to the addition of 10 new stores in the prior nine months. Net income for the third quarter was $1.1 million, or six cents a share, compared to net income of $4 million, or 21 cents a share, last year.

Chef Boyardee is driving sales by partnering with Microsoft to offer customers a chance to win the highly coveted Xbox One.

Five daily winners will be selected between now and Feb. 18, 2014. Participants must visit www.winwithchef.com and enter the eight-digit code found on specially marked cans and microwave cups of Chef Boyardee.

Rite Aid has promoted Karen Staniforth, VP pharmacy for the chain's mid-Atlantic division, to group VP pharmacy initiatives and clinical services.

In the new position, Staniforth will oversee Rite Aid's strategy around the Wellness Ambassadors, specially trained staff who work in its Wellness stores, answering customers' questions about health and wellness products and directing them to the pharmacy as needed. She will report to SVP pharmacy Dan Miller.

Change is constant, as they say, and we’ve all seen a lot of that, especially in the past few years. But as I look 10 years into the future, I think we’re actually in the early days of not just more change, but wholesale revolution, too. “Revolution” is a strong — and possibly overused — term. Why are the next 10 years different? Fundamentally, our customer has changed more in the past three years than in the past 30 and the pace of change is poised to accelerate in the coming decade.

Tablets, headphones and gaming hardware were the most frequently purchased consumer electronics products during a weekend which saw more than half of CE sales occur online.

The Consumer Electronics Association said 55% of U.S. adults who bought consumer electronics on Thanksgiving Day and Black Friday did so online, well ahead of the 45% who did so in 2012.

Sears will be participating in KIIS FM's Jingle Ball 2013, Friday, Dec. 6 at LA Live in Los Angeles. The main event will include a Sears Style fashion show in the Jingle Ball Village.

The Army & Air Force Exchange Service (AAFES) announced that Lt. Gen. Samuel D. Cox will serve as chairman of the exchange’s board of directors effective immediately.

Cox was confirmed by the U.S. Senate as the Air Force Deputy Chief of Staff for Manpower, Personnel and Services on Nov. 5, and will replace Lt. Gen. Darrell Jones, who served as chairman of the Exchange board of directors since April 2013 and retired from the Air Force on Nov. 21.

Supply chain and reverse logistics provider Genco has named Laurie Barkman as the new president and CEO of Genco Marketplace, Genco's wholly owned liquidation subsidiary.

Barkman has served as Genco Marketplace's chief operating officer since July 2013. In her new role, Barkman will be responsible for driving expansion into new liquidation markets and developing a world-class team.