Sales & Marketing

Tiffany & Co. says weak tourist spending and a strong dollar hurt its sales results for the two-month holiday period.

The retailer said worldwide net sales declined 3% (due to declines in the Americas and Asia-Pacific offsetting growth in Japan and Europe) and same store sales declined 5%. There were no noteworthy differences in performance among jewelry categories, the company said. Reported in U.S. dollars, worldwide net sales of $961 million were 6% lower than the prior year.

Amazon has rolled out the first devices available with Amazon Dash Replenishment.

Chico’s FAS has sold its Boston Proper women’s apparel business to a Los Angeles-based, consumer-focused private equity firm.

Brentwood Associates, whose portfolio includes J. McLaughlin and Soft Surroundings, announced Tuesday it has acquired the women’s apparel brand. Terms of the agreement were not disclosed.

Even in today’s expanding market of digital payment options, cash remains a leading payment form.

That’s according to a survey of over 1,000 consumers by Cardtronics. It shows that in spite of people having access to and using a greater variety of payment methods, cash remains widely used and frequently selected for making all sorts of payments.

National Retail Federation president and CEO Matt Shay shared a message of inspiration and transformation to mark the beginning of the trade group’s annual Big Show, which again drew a record number of attendees to New York.

Massage Envy on Monday named Joseph Magnacca CEO. Former CEO Dave Crisalli will continue to serve the business as a member of its board.

J.C. Penney Company appointed Joe McFarland as executive VP of stores, effective immediately, succeeding Tony Bartlett.

McFarland, similar to J.C. Penney CEO Marvin Ellison, is a Home Depot veteran. He worked at the home improvement giant for over 20 years, most recently as president of its Northern and Western Divisions, where he was responsible for the sales and operations of up to 800 stores in 24 states. McFarland began his career at the chain as a sales associate.

Massage Envy, a subscription-based massage and skincare services provider, on Monday named Joseph Magnacca as CEO, succeeding Dave Crisalli who will continue to serve the business as a member of its board.

Magnacca most recently served as CEO of RadioShack. Prior to that he was executive VP and president of Daily Living Products and Solutions for Walgreen Co., where he oversaw all of Walgreen's marketing and merchandising operations across more than 8,000 stores.