News

Actress Sofia Vergara is launching her first scent, called Sofia by Sofia Vergara. The fragrance makes its debut exclusively with Home Shopping Network (HSN) at 12:01 a.m. April 24 and in key markets internationally, and rolls out to retailers nationwide in September.  

"Sofia by Sofia Vergara is designed for the woman who wants to feel irresistible and truly enjoys being a woman," said Vergara. "I wanted to bring a little bit of who I am, my ethnicity and create a fragrance that is a true reflection of me."
 

Oracle Industry Connect starts today, and promises to bring retailers two full days of their peers providing in-depth insight into the latest trends and pain points facing retail technology professionals. The event, being held at the Marriott Copley Place, Boston, Mass., offers a stellar lineup of speakers, including Jeff Hamm, director of e-commerce at Ulta Beauty, who will speak about improving customer experience at home and on the go with Oracle Commerce. Paul McFarren, CIO of C Wonder, will discuss supporting global growth with a unique deployment of Oracle Retail Merchandising.

Family Dollar has named Brian D. Hancock as SVP of supply chain, reporting to chairman and CEO Howard R. Levine.

New York -- J. Crew Group Inc. reported a 42% decrease in its fiscal fourth-quarter profit amid higher costs. Net income fell to $5.92 million in the quarter, which ended Feb. 1., down from $10.2 million in the year-ago period.

Revenue increased 6.7% to $686.2 million. Retail store sales rose 5% to $438.6 million and direct sales jumped 10% to $238.1 million

Same-store sales, which includes direct sales, rose 3%. Excluding a calendar shift, comparable-store sales increased 4%.

The Hilco Global Retail Group is rebranding its recently acquired Steele's retail stores as Steele's & Deals. The company also appointed several key executive leaders who will take over new management roles at the retail chain.

The company feels that the Steele's & Deals name more accurately communicates value to customers.

American Eagle has had a rough winter. Robert Hanson resigned as the company’s CEO following disappointing holiday sales, and severe winter weather contributed to weak fourth-quarter results.

Interim CEO Jay Schottenstein looked on the bright side as shares dropped nearly 7%, saying that the company was taking steps to bring greater focus and excitement to its product offering and better engage its core customers.

Matthews, N.C. - Family Dollar Stores Inc. has named Brian D. Hancock to the position of senior VP supply chain. Hancock will report to Howard R. Levine, chairman and CEO.

Kayser-Roth Corporation received three awards from Walmart: Supplier of the Year for overall outstanding performance and partnership in 2013, Overall Apparel Supplier of the Year and the Made in the USA Supplier of the Year Award, Apparel, for its No nonsense brand.

The awards were presented at Walmart's annual Vendor Summit in Orlando, Fla.