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Higher expenses cut into Overstock.com Q2 net income
Salt Lake City – A 23% increase in Overstock.com’s sales and marketing expense helped reduce its second quarter fiscal 2014 net income to $1.9 million, down 48% from $3.7 million in the same period a year earlier. Revenue grew 13% to $332.5 million, from $293.2 million.
Patrick M. Byrne, CEO and chairman of Overstock.com, cited increases in technology spending as helping the company to quickly conceive and execute new ideas such as a recently launched consumer credit facility.
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Wendy’s names Domino’s exec as marketing VP
Dublin, Ohio - Brandon Solano, 43, has been named senior VP of marketing of The Wendy’s Company. Solano will report to Wendy's chief marketing officer Craig Bahner and will lead the company's brand marketing efforts.
Prior to joining Wendy's, Solano served three years as VP of franchise development at Domino's, leading retail store expansion, global retail re-imaging and franchise recruiting. From 2008 to 2011, Solano spearheaded product innovation at Domino's. Prior to Domino's, Solano served as marketing director for The Hershey Company.
window blinds controller and hose faucet timer to make it easier to cut energy costs, reduce water usage and keep the home secure while consumers balance active summer schedules.