Data & Analytics

FREMONT, Calif. — The Men’s Wearhouse’s board of directors has offered new details regarding founder George Zimmer’s termination as executive chair.

"Our actions were not taken to hurt George Zimmer. Rather we were focused on what we believed to be in the best interests of Men's Wearhouse, as well as shareholders and employees. While Mr. Zimmer owns 3.5% of the stock, it is our obligation to represent the interests of all shareholders.”

Denver – Furniture Row, parent company of home furnishings retailer Denver Mattress, is using the Oracle ATG e-commerce solution to both personalize the Denver Mattress e-commerce site and make it adaptable to the format of any device the customer chooses to employ. Using the “adaptive design” website design methodology enabled by ATG technology, the Denver Mattress site instantly recognizes what type of device — such as PC, smartphone or tablet — a customer is using and optimizes display for that specific screen.

New York - A report released by Bloomberg on Tuesday said that confidence among American consumers in June surpassed expectations, climbing to the highest level in more than five years.

The Conference Board’s index rose to 81.4, beating Bloomberg forecasts of 75.1 and reaching the highest point since January 2008. The index reached 74.3 in May. 

Bentonville, Ark. - Mike Duke, president and CEO of Wal-Mart Stores, released the following statement in response to President Obama’s renewable energy address on Tuesday:

LOS ANGELES — Specialty sporting goods retailer Sports Chalet is sticking to an innovative plan that helps retain existing customers while enhancing its brand awareness. The retailer is inviting certified Scuba divers to participate in its Treasure Hunt dive for the fourth consecutive year. 

Wilmington, Del. – Reemarkit.com, a new e-commerce business that promotes itself as an “online garage sale,” is trying to reconfigure the booming business of consumers reselling used goods online. While such popular sites as eBay and Amazon allow individuals and businesses to resell used merchandise in exchange for a cut of the profits and/or listing fees, Reemarkit.com is technically free, but is employing a profit model more commonly seen in online video games.

Deerfield, Ill. – Walgreens posted gains in sales and earnings during its fiscal third quarter 2013, but still came in below the expectations of Wall Street analysts. Earnings rose 16% to $624 million from $537 million in the third quarter of fiscal 2012. However, excluding certain items, analysts had expected earnings of close to 30 cents a share higher for the quarter.

Omaha, Neb. - Midwestern department store retailer Gordmans Stores, which recently announced plans to expand its store base nearly 40% over a three-year period, said it will move forward with the Oracle Retail platform as a means to support the aggressive growth initiative.