Data & Analytics

Just when things seem to be looking up for Sears Holdings, chairman Edward Lampert will assume the additional responsibilities of CEO following the revelation that current chief executive Lou D’Ambrosio will leave the company for family medical reasons.

News of D’Amrosio’s departure comes as the Sears Holdings preannounced improved profitability for the fist nine weeks of the fourth quarter and fiscal year ending February 2, D’Amrosio’s last day.

Austin, Texas -- Whole Foods Market announced Tuesday the hiring of Jason J. Buechel as global VP and chief information officer, effective immediately.

Buechel will report to co-CEO Walter Robb and CFO Glenda Flanagan.
 
Buechel previously was a senior executive and managing director, retail operations, for Accenture.
 

Richmond, Va. -- Survey results released Tuesday by Affinion Loyalty Group found that 89% of consumers are interested in redeeming points at point-of-sale.

The survey also found that the respondents identified cash and retail store gift cards as their two favorite redemption items.

With all of the pre-holiday buzz and widely optimistic sales projections, anything other than a blockbuster 2012 holiday shopping season was bound to be a letdown. Few expected the numbers that came out just before Christmas: Both MasterCard and the International Council of Shopping Centers (ICSC) reported that sales for the holiday season at that point were up just 0.7%. This was far below the robust predictions that many analysts and observers made before the shopping season was underway (most often between 3%-6%).

ROSEVILLE, Calif. — Outdoors specialty retailer Cabela’s has entered into a multi-year agreement with Revionics, a leading provider of end-to-end merchandise optimization solutions.

Cabela’s, which operates 40 large format stores and describes itself as the world's largest direct marketer of hunting, fishing, camping and related outdoor merchandise, will look to Revionics to improve its life cycle price optimization solutions.

GRAPEVINE, Texas — Lower in-store traffic at GameStop during the holiday resulted in a decline in same-store sales during the first nine weeks of the company’s fourth quarter.

Total global sales for the nine-week period ended December 29 decreased 4.6%, compared to com 2011 holiday sales period. Comparable store sales decreased 4.4%, with U.S. comps of -3.5% and international comps of -6.4%.

New York -- In a surprise move, Sears Holdings Corp. announced that CEO Louis J. D'Ambrosio will step down as CEO, effective Feb. 2, for family health reasons. D'Ambrosio will be replaced by the company's chairman and its largest shareholder, Edward Lampert.

Philadelphia -- Destination Maternity Corp. reported Tuesday that revenue for the first quarter edged down to $135.3 million, from $136.4 million in the year-ago period. The results fell within internal expectations of $132.5 million to $136.5 million.

Same-store sales rose 1.9%.

The maternity apparel retailer said the decline in total revenue was due in large part to sales declines related to closing underperforming stores.