News

Posiflex to display new mobile tablet POS at NRF
Hayward, Calif. - Posiflex USA, long known for its fixed POS terminals, is the latest addition to the mobile generation. Posiflex will reveal the MT4008, a new mobile eight-inch tablet POS system to complement its touchscreen POS terminal portfolio, at NRF 2015, booth #2969
Jos. A. Bank weighs on Men's Warehouse profits
The acquisition of Jos. A. Bank in June weighed heavily on Men’s Warehouse in the third quarter, as the company reported a profit decline of 82% due to expenses related to the integration of the rival clothier’s operations.

RSR: Saving money top priority of holiday shoppers

New York - Fifty-one percent of consumers say saving money is their top priority this holiday season, and 40% are driven by finding the right product. Those are among the findings of a recent survey conducted by RSR.
Restoration Hardware beats Street with large Q3 profit

Corte Madera, Calif. – Restoraton Hardware Holdings Inc. (RH) beat Wall Street forecasts with net income of $19.4 million in the third quarter of fiscal 2014, more than double net income of $9.5 million in the same period a year earlier.
McKinsey veteran to join Kroger board

Kroger announced that Nora A. Aufreter has been elected to the company's board of directors.
Men’s Wearhouse Q3 profit plunges 82% on Jos. A. Bank costs

Fremont, Calif. – Men's Wearhouse Inc.'s third-quarter profit plunged 82%, mainly on expenses related to its June 2014 acquisition of rival Jos. A. Bank Clothiers Inc. The retailer reported a profit $6.8 million in the third quarter of fiscal 2014, from $38.2 million in the year-ago-period and below Wall Street projections.
Wet Seal may file for bankruptcy

Wet Seal may file for bankruptcy protection if it fails to immediately resolve its liquidity issues, the company said.
RadioShack looks to slash costs as as Q3 loss widens and sales keep falling

Fort Worth, Texas - There’s no quick turnaround in sight for RadioShack. On Thursday the struggling chain reported a wider-than-expected third-quarter loss and detailed cost costs that include staff reductions and more store closings to boost earnings by some $400 million annually.
Walmart China focus of Bloomberg expose

Walmart’s integrity suffered a blow this week in a Bloomberg piece with the inflammatory headline, “How Walmart made its crumbling China business look so good for so long.”
Report - Starboard Value increases stake in Staples

New York – Activist investor fund Starboard Value has reportedly purchased a 6% stake in Staples Inc. and upped its ownership of Office Depot from 8.6% to 10%. According to the Wall Street Journal, Starboard Value may be positioning itself to pressure the two office supply retailers to merge.