Omnichannel

Indianapolis - Mall operator Simon knows teen girls are a key part of its consumer base, and is courting them this summer. Simon and Teen Vogue are partnering to present the fourth annual Teen Vogue Back-to-School Saturdays (BTSS) omnichannel promotion.  

Seattle – Starbucks Corp. reported impressive financial performance in the third quarter of fiscal 2015 that could be described as downright perky. Net income jumped 22% to $626.7 million from $512.6 million the same quarter a year earlier, with higher pretax earnings offsetting higher income tax charges to produce profit growth.  

Bentonville, Ark. – Wal-Mart Stores Inc. is taking control of its e-commerce operations in China. The discount giant has acquired the 49% of its Chinese e-commerce arm Yihaodian it did not previously own, taking full ownership of its e-commerce business in China.   

Baltimore – Even a reduction in income taxes couldn’t fully offset the impact of rising expenses on profit at Under Armour during the second quarter of fiscal 2015. Net income decreased 17% to $15 million, compared with $18 million in the prior year's period.   The decline in net income came even as net revenues increased 29% to $784 million, compared with $610 million. Direct-to-consumer net revenues, which represented 32% of total net revenues for the second quarter, grew 33% year-over-year.

Houston – Specialty retailer Charming Charlie is setting its sights beyond its North American store base. Charming Charlie opened the brand’s first locations outside of North America with two new retail stores in Dubai.   The stores, located at City Centre Mirdif and Ibn Battuta Mall, are operated by Apparel Group, Charming Charlie’s first international licensing partner, which has further growth planned for the brand in Qatar this year.   

Shares of Amazon.com surged past the $500 mark after the company reported a second quarter profit and revealed more details about a phenomenally successful Prime day promotion that fell in the third quarter.

Mandy Ginsberg isn’t a household name in the retail industry but J.C. Penney thinks its newest board member can help improve online customer engagement.

New York – There is no shortage of retailers treading on different pieces of retail turf dominated by Amazon.com, and Macy’s is reportedly joining the list. According to Reuters, Macy’s will partner with same-day delivery provider Deliv to expand same-day delivery of online purchases to several new U.S. markets before the end of the summer.