News

From Paris with love
Glamour girl and a fashion mogul Paris Hilton has created a new fragrance to add to her $2 million fragrance portfolio. A new scent With Love, Paris Hilton is dedicated to Hilton’s fans around the world.

From the scent to its gracefully designed bottle, With Love, Paris Hilton explores Hilton’s more sophisticated side, according to Harry Fremont, the perfumer of Firmenich fragrance house who created this new addition to Hilton’s fragrance collection.
(Please Don't) Let it Snow, Let it Snow, Let it Snow
Like an inconsiderate party guest, Old Man Winter arrived early this year, bringing his trusty cohorts snow, ice, wind and rain. The first official day of winter is still a month away, but many parts of the United States are feeling the freeze, especially in the Northern Plains, where snow fell 11 days before summer officially ended. If that is any indication of the upcoming season, retailers could be in for a long and brutal winter.

Winter Forecast

For many, winter is a magical time of the year.

PwC: Retail and consumer mega deals hits seven year high in Q3

New York -- Retail and consumer merger and acquisition activity in the United States during the third quarter of 2014 was driven by the highest volume of mega deals (deals with a value of over $1 billion) in at least seven years, leading to overall transaction value jumping significantly during the quarter when compared to the year ago period, according to PwC’s U.S. retail and consumer deals insights Q3 2014 report.
A big change for retail’s Big Show

The National Retail Federation has made a major change to the format and content of its annual trade show and convention, known as the Big Show, which is held every January in New York.
IDC Retail Insights: Top 10 retail predictions for 2015

Framingham, Mass. -- By 2017, three times as many retailers as now will explicitly underpin their customer and operations strategies on 3rd platform technologies. That’s one of IDC Retail Insights’ top 10 worldwide retail predictions for 2015. IDC revealed the predictions during a Web conference, IDC FutureScape: Worldwide Retail Agenda 2015 Predictions.
Office Depot beats estimates; raises full-year outlook

Boca Raton, Fla. -- Office Depot on Tuesday reported better-than-expected results for third quarter and raised its outlook for the year. The retailer posted a profit of $29 million for the third quarter compared with $133 million in the year-ago quarter. The previous-year quarter included a gain on the sale of the Office Depot de Mexico joint venture. Sales grew 55% to $4.07 billion, fueled by the addition of OfficeMax.
Overstock takes aim at Amazon

Discount online shopping site Overstock.com has lowered prices on books and is offering a 15% bonus to loyalty members in what CEO Patrick Byrne is calling a price war with Amazon.

"We will analyze the results and cost benefits of this price war against Amazon and decide how long to continue the promotion. Right now it's scheduled to last through Cyber Monday," said Byrne.
RetailROI Offers At-Risk Kids Necessities and Hope

Industry uses strengths to aid children in need

Modern retail is a global effort to provide consumers with the goods and services they need.
Alibaba net income drops in Q3

Hangzhou, China –- Alibaba Group Holding Ltd. reported net income of $494 million in the third quarter of fiscal 2014, down 39% from $803 million in the same quarter the prior year. Items including share-based compensation expense and the amortization of intangible assets helped drive down net income.
Big Lots is mom’s new best friend

Big Lots celebrates families and mothers in particular through its national holiday television and online campaign launched on Nov. 1.

The campaign features four original songs - one in Spanish - which are intended to inspire sing-alongs. The spots feature a singing trio that includes "America's Got Talent" finalist Deanna DellaCioppa, a Boston native who has performed with Stevie Wonder and Diana Ross.

In this campaign, Big Lots emphasizes a special role mothers play in celebrating the holidays.