News

Minneapolis – Tile Shop Holdings Inc. reported a 38% dip in net income during the second quarter of fiscal 2014 compared to the same period a year earlier. Net income fell to $3.96 billion from $6.48 billion, with Tile Shop citing adverse macroeconomic conditions, including home sales, as having a generally negative impact on the business.

Fremont, Calif. – The Men’s Wearhouse reported same-store sales growth of 3.6% for the second quarter of fiscal 2014 as of July 19. The retailer’s second quarter ends Aug. 2.

In addition, as of July 19 same-stores sales in Men’s Wearhouse’s Jos. A. Bank division, which was purchased in June 2014, were up 2.4%. Same-store sales at the Moore’s division were up 8.3%.

Canton, Mass. -- Dunkin' Donuts is partnering with Discovery Channel to create an omnichannel marketing promotion for Discovery Channel’s upcoming “Shark Week” programming event the week of Aug. 10. To kick-off the partnership, beginning July 29 customers can "Take a Bite, Take a Pic."

Westborough, Mass. – BJ’s Wholesale Club has signed a new long-term agreement for Alliance Data Systems Corp. to provide co-brand credit card services. The BJ's credit program will convert to MasterCard.

Grand Rapids, Mich. - Flatgoods recently launched a new website that allows customers to order any of their furniture pieces and customize them for their needs. Twenty-seven items are available for purchase, including items for home, storage and tradeshow use.

The website also features assembly instructions and a blog, detailing the latest events, clients, and news related to Flatgoods. New items will be added to the site periodically.

New York - U.S. retail and consumer merger & acquisition (M&A) activity during second quarter 2014 was driven by eight multibillion dollar transactions, anchored by the food and beverage (including alcohol and retailing) sectors, exceeding year-over-year deal value by 104% and volume by 52%.

Knoxville, Tenn. -- Regal Cinemas is partnering with Coca Cola to launch a promotion called "Tweet-a-Coke.” The promotion gives customers the chance to share a Coke via Twitter.

Moviegoers can buy and Tweet a friend a Coca-Cola at participating Regal Cinemas across the country. They can connect a credit card to their Twitter account, then tweet a friend using @TweetACoke, the word "enjoy" and their friend's Twitter handle.

Dublin, Ohio - The Wendy’s Company has extended its partnership and will continue licensing APT’s Test & Learn software for another three years. Wendy’s will use the software to test strategic initiatives in menu changes, remodels, marketing, pricing, and operations across its system of more than 6,500 company and franchise-operated restaurants.

Charleston, S.C. - Del Taco LLC has selected the Benefitfocus HR InTouch Marketplace to support benefits administration and address relative requirements set forth by the Affordable Care Act (ACA). HR InTouch Marketplace provides a single online portal that integrates benefits-related employee data and information in one place, allowing Del Taco to efficiently manage benefit eligibility, enrollment and education for its whole workforce.

Petaluma, Calif. – E-commerce platform provider MarketLive has entered a strategic agreement with Amazon Payments, offering the ability for MarketLive retailers to help streamline the login and checkout process and increase conversion numbers. The integration of login and pay with Amazon with the MarketLive platform allows shoppers on MarketLive retail shopping sites to leverage their existing Amazon account to quickly login and select their shipping and payment information that they use for Amazon.