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  • U.S. investigators raid Lumber Liquidator’s offices

    New York -- Lumber Liquidators Holdings Inc., the fast-growing hardwood flooring retailer, said Friday that federal authorities with search warrants showed up at its corporate offices Virginia, on Thursday. The company said that the federal authorities' actions were related to certain wood flooring product imports.

    The authorities were from the Department of Homeland Security's Immigration and Customs Enforcement and the U.S. Fish and Wildlife Service.

  • Weather Trends: October 2013

    October 2013 is projected to be the coolest in four years for the U.S. as a whole. Expect colder year-on-year trends across the Northeast and Southwest, especially during retail weeks one, three and four. Wetter trends will encompass the Texas to Louisiana Gulf Coast, where tropical storm and hurricane potential will be the highest should any storms develop this month and threaten the U.S. mainland. The northern tier of the U.S. will trend drier than last year, especially across the Great Lakes.

  • Kroger named to Dow Jones sustainability index

    Cincinnati -- The Kroger Co. today announced its inaugural listing on the Dow Jones Sustainability Index-North America.

    The Dow Jones Sustainability Index-North America tracks the economic, environmental and social sustainability performance of the top 20% of the 600 largest North America-based companies in the Dow Jones Global Total Stock Market Index.

  • Finish Line performs better than expected

    Sales at Indianapolis-based athletic footwear and apparel retailer Finish Line grew 13.3% to $436 million and earnings per share increase 10.2% to 54 cents, nine cents better than analysts forecast for the period ended August 31.

    Company chairman and CEO Glenn Lyon characterized the performance as solid, and credited a 0.9% comp increase and expense control for profit growth.

  • Report: KKR withdraws from Jones Group bidding

    New York – Private equity firm KKR & Co. LP has reportedly dropped out of the auction for Jones Group Inc. According to Reuters, KKR, in partnership with private equity group Sycamore Partners LLP, was the only entity trying to buy the entire Jones Group company.

    Bidding continues on parts of Jones Group and the company is soliciting new bids. It is not clear whether Sycamore Group will continue to bid on part or all of Jones Group and KKR, Sycamore Group and Jones Group did not comment in the article.

     

  • PetSmart increases quarterly dividend

    PetSmart's board of directors has approved a motion to increase the company's quarterly dividend by 18% from $0.16 to $0.19 per share beginning in the third quarter.

    The dividend of $0.195 will be paid Nov. 15 to stockholders of record at the close of business Nov. 1. This is equivalent to an annual rate of $0.78 per share.

  • Study finds high customer satisfaction among U.S. online shoppers

    Reston, Va. -- Online shoppers in the U.S. lead the world in customer satisfaction. According to the latest UPS Pulse of the Online Shopper report released in conjunction with comScore, Inc., shoppers in the U.S. are the most satisfied with online shopping experiences at 83%, while consumers in the Asia Pacific are least satisfied at only 50%.

  • Shopgate enables online merchants to compete with larger retailers

    Mobile commerce leader Shopgate has unveiled a new flexible pricing model that enables online merchants to set their own pricing for Shopgate's m-commerce solutions. 

    The new pricing allows e-commerce stores to customize their minimum contract period, fees and mobile integration to conveniently enter a rapidly growing mobile shopping market.

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