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Sales & Marketing

  • Jones Group Q2 net income falls on acquisition expense, beats Street

    New York City -- The Jones Group reported Wednesday that second-quarter earnings dropped almost 80% to $5.2 million, compared with $25.7 million in the year-ago period. The retailer and manufacturer, whose brands include Nine West and Anne Klein, cited expenses related to the acquisition of U.K. luxury footwear retailer Kurt Geiger for the poor earnings performance but results still exceeded Wall Street estimates.

    Revenue for the quarter increased 3% to $887.4 million, just edging analysts’ expected $887.2 million.

  • Food desert fiasco

    The existence of hunger in America and the concept of food deserts are hard for most Americans to grasp. Simple observations suggests that the majority of us are not missing many meals and grocery stores are so prevalent that profitably operating a food store is a perpetual challenge because of intense competition and the resulting pricing pressure.

  • NewPark Mall opens Cultural Arts Center

    Newark, Calif. -- NewPark Mall, in Newark, Calif., has opened an in-house cultural arts center, the NewPark Mall Cultural Corner.

    The just-opened cultural center, located on the lower level near Sears, provides exhibit space for the work of local artisans, including painters, sculptors, photographers and digital artists.

    NewPark Mall is anchored by Macy's, Sears, J.C. Penney, Target and Burlington Coat Factory. It is owned and managed by General Growth Properties, Chicago.

  • Savvy BTS shoppers using smartphones, social networks to score deals

    NEW YORK — Inflation-related concerns will prompt back-to-school shoppers to utilize certain shopping tactics, including smartphone and social network use, to save this year.

  • Books-A-Million to replace booksellers at many Cafaro malls

    Youngstown, Ohio -- Shopping center owner Cafaro Co. said Wednesday that Books-A-Million will fill vacant and soon-to-be vacant spaces in a lineup of its malls around the country.

    Beginning in August, new Books-A-Million stores will open at Spotsylvania Towne Centre, Fredericksburg, Va.; Millcreek Mall, Erie, Pa.; and Meadowbrook Mall, Bridgeport, W.V.

  • Toys"R"Us kindles an e-reader deal

    WAYNE, N.J.— Amazon, which reported record 2Q sales, will get even more help boosting its bottom line now that Toys"R"Us will start selling the online retailer's popular Kindle e-reader.

  • Delhaize completes Delta Maxi acquisition

    Brussels, Belgium -- Belgian supermarket retailer Delhaize Group said Wednesday that it has completed the previously announced acquisition of Serbian retailer Delta Maxi.

    Combined with its existing operations in Greece and Romania, Delhaize is now, with this transaction, considered a leading retail force in Southeastern Europe.

  • Former Limited exec hired by Sears Canada

    Toronto -- Sears Canada, a subsidiary of Sears Holdings Corp., said Monday it has hired former Limited Brands online executive VP Steven Goldsmith as its executive VP merchandising, apparel and accessories.

    The move comes after the resignation of Sears Canada CEO Dene Rogers and subsequent replacement by former Loblaw Cos. executive Calvin McDonald.

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