News

Former Groupon exec joins Social Reality board
SANTA MONICA, Calif. — Social Reality, a developer of platforms for social and digital advertising, has elected Malcolm CasSelle to the company's board of directors.
Weight Watchers appoints new HR chief
NEW YORK — Weight Watchers International has named Ann Hollins as the company's chief human resources officer. Hollins will report to president and CEO Jim Chambers and will serve as a member of the Weight Watchers executive committee.

Hollins replaces Meredith Shepherd, who left the company in May after 11 years.

Kohl’s supports women's health with new athletic collection

MENOMONEE FALLS, Wis. — Kohl’s has unveiled a line of athletic apparel and accessories called Tek Gear, from the Kohl’s Cares cause merchandise program, and 100% of the net profit will go to support the fight against breast cancer.
GameStop beats estimates; raises full-year outlook

Grapevine, Texas -- GameStop’s net income for the second quarter fell to $10.5 million in the year-ago period, but its performance was better than analysts expected. The chain issued a higher-than-expected full-year forecast saying that it expects next-generation gaming consoles to fuel consumer demand.

Total revenue was down 10.7% to $1.38 billion in the quarter ended July 31. Same-store sales dropped 10.7%
Stein Mart Q2 profit jumps 48% on same-store sales

Jacksonville, Fla. -- Stein Mart Inc. reported that its second-quarter net income increased 48%, helped by higher same-store sales. The retailer also announced that the SEC is conducting an investigation related to Stein Mart's restatement of prior years' financial statements and its change in its auditors.

For the quarter ended Aug. 3, Stein Mart earned $3.4 million up from $2.3 million in the same quarter of 2012.

Revenue increased 4%, to $291 million from $280.4 million. Same-store sales rose 6.4%.
Dollar Tree Q2 profit up 4.6%

Chesapeake, Va. -- Dollar Tree Inc. reported that its fiscal second-quarter earnings rose 4.6% to $124.7 million on higher customer traffic and average ticket prices. The company raised the lower end of its sales and earnings forecasts for fiscal 2013
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Stock & Roll Portable Shelf Stocking Carts make the job of stocking shelves in supermarkets, pharmacies, convenience stores, and other retail outlets faster, safer, and easier.
Entrance Inc.

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Abercrombie & Fitch Q2 results disappoint; outlook below estimates

New Albany, Ohio -- Abercrombie & Fitch Co. earned $11.4 million for the second quarter, down from $17.1 million in the year-ago period, amid a 10% drop in same-store sales. The retailer, whose results missed analysts' estimates, also gave a third-quarter earnings forecast well below Wall Street expectations.

Abercrombie & Fitch and many other teen retailers have struggled of late, with their sales impacted not only by financially constrained consumers but also by the inherent fickle nature of their customer base.