News

By Jeff Echols, senior director of product and solutions marketing, CommVault

Hampshire Group has promoted David Price to the role of chief operating officer. Price held the role of SVP of operations at Hampshire Group since 2012.

He will report to chairman and CEO Paul Buxbaum, and will oversee operations in all divisions of Hampshire Group.

“We are thrilled to promote David into the role of COO. David has been an integral part of the turnaround effort of Hampshire Group, and he will serve an even more important role in building the business going forward,” said Buxbaum.

Washington, D.C. – U.S. retailers reportedly have $300 million in refunds with ocean freight vendors, yet they are unaware of this because of invoice errors by their ocean freight transportation providers. According to a report from ocean freight auditing service Ocean Audit, problems with infrastructure of ocean freight carriers are also part of the issue.

It’s onto the next step for Safeway and Albertsons. No additional bidders emerged during Safeway’s 21-day “go shop” period following Albertsons’ announcement of its intention to acquire the company.

Under the definitive merger agreement, Safeway and its representatives were permitted to solicit and engage in negotiations with respect to alternative acquisition proposals during the 21-day period that ended March 27.

The Crayola Store envelops customers of all ages in a world of color and fun, immersive experiences while celebrating the breadth of Crayola’s product collection.

Indianapolis – The Finish Line Inc. reported net income of $42.75 million during the fourth quarter of fiscal 2014, up 28% from $33.47 million in the year-ago period.

Net sales grew 17% to $518.87 million from $442.68 million and same-store sales rose 6.3%. Finish Line credited its omni-channel strategy, among other factors, as driving its impressive quarterly performance.

WTI expects April 2014 to trend the coldest in five years and drier than last year for the U.S. as a whole. Warmer year-on-year temperature trends in the Central states will be sandwiched in between colder trends on the East and West coasts. A more active severe weather season than last year in the South Central states can be expected, especially across parts of Texas and Oklahoma. Storm cleanup supplies and plastic sheeting will see increased demand in harder hit areas.

New York -- Saddled with high levels of debt and sluggish sales, Brookstone Inc. is preparing to file for bankruptcy protection, with a plan already in place to be bought by another specialty retailer, the Wall Street Journal reported.