News

Sports Authority debuts Champion athleisure wear
With the athleisure trend still generating big sales, Sports Authority has teamed up with Hanesbrands' Champion Athleticwear to launch Champion GEAR.

The new collection, available exclusively at Sports Authority locations nationwide and sportsauthority.com, is a premium line of performance and lifestyle apparel features seamless construction and quick-drying Champion Vapor Technology for comfortable, distraction-free workouts.
Tiffany beats Street with Q1 profit, revenue
New York – Tiffany & Co. overcame the negative impact of a strong dollar on global performance to beat Wall Street with smaller-than-expected declines in net earnings and sales during the first quarter of fiscal 2015. Net earnings declined 17% to $105 million from $126 million a year earlier, with increased marketing spending contributing to the decrease.

Amazon plans to hire at least 6,000 new workers

Amazon Inc. says it is planning to start hiring for more than 6,000 full-time jobs at fulfillment centers across the United States.
Chico’s profit meets forecasts but sales miss

Ft. Myers, Fla. -- Chico's FAS Inc. on Wednesday reported that its first-quarter profit dropped 18% amid restructuring charges and lower sales.

The apparel retailer reported a profit of $32.5 million for the period ended, down from $39.9 million in the year-ago period. The results met Wall Street expectations.

Revenue rose 1.7% to $693.3 million in the period, which was short of Street forecasts.

Same-store sales fell 0.1%.
Boohoo refines marketing with Visual IQ

Manchester, U.K. - Global online fashion retailer Boohoo has selected cross-channel marketing attribution software company Visual IQ, to provide marketing attribution management solutions across TV and digital channels in support of its 2015 growth initiatives. Boohoo leverages a number of traditional, digital and mobile channels to connect with consumers.
Report: Amazon's 'Handmade' targets Etsy market

Amazon is reportedly looking to launch an artisanal-goods marketplace called Handmade, according to The Wall Street Journal.

The newspaper obtained invites that Amazon has sent to sellers at Etsy. Neither Amazon nor Etsy has agreed to comment on the Journal report.
Survey: Chick-fil-A nabs second place in customer service

Waban, Mass. - Chick-fil-A took the second spot in the annual Temkin Customer Service Ratings, tops among all retailers and food service chains. Other retailers and food service companies in the top 12 include Aldi, Trader Joe's, Publix, Panera Bread, H-E-B, Amazon.com, and Bed Bath & Beyond.

Supermarkets, retailers, and banks, as an industry, earned average ratings of "strong.” Retailers RadioShack and Sears were ranked at least 15 points below retail industry average.
Nordstrom makes deal with TD Bank

Nordstrom is looking to increase its capital efficiency by selling its credit card portfolio to a Canadian bank.

Nordstrom and Toronto-based TD Bank Group announced an agreement under which TD will acquire Nordstrom's existing U.S. Visa and private label consumer credit card portfolio, which currently totals about $2.2 billion in receivables. Terms of the purchase were not disclosed.
Ex-Walmart exec Mac Naughton joins CROSSMARK board

Former Walmart Executive Vice President and Chief Merchandising Officer Duncan Mac Naughton has joined the board of directors of CROSSMARK, a sales, marketing and merchandising services company focused on the retail and consumer goods industries.

CROSSMARK CEO Steve Schuckenbrock in an internal company announcement said it is a privilege to have Mac Naughton join the company’s board given his extraordinary retail industry experience and leadership from both a manufacturer and retailer perspective.
Dick’s wins logistics award at Momentum event

Shoppers like spending money with Dick’s Sporting Goods and the companies that transport goods to its stores and distribution centers think the retailer is pretty special too.