News

SECAUCUS, N.J. -- Panasonic announced the launch of the LUMIX FX78. This digital camera, which is part of the LUMIX FX series, features a new Smart Touch operation on the large 3.5-inch 16:9 aspect LCD, allowing for intuitive touch operation, including Touch AF, Touch Zoom, Touch Shutter and Touch Playback, the company reported. The LUMIX FX78 also incorporates a new LEICA DC VARIO-SUMMARIT, 24mm ultra-wide angle lens that has a 5x optical zoom with F2.5 aperture.  

New York City -- Coach reported Tuesday that net income for the quarter ended Jan. 1 rose a better-than-expected 26% to $303.4 million on strong sales, compared with $240.1 million in the year-ago period.

The company credited a rebound in U.S. luxury spending, as well as soaring holiday sales in China for the strong performance.

Sales leaped 18.7% to $1.26 billion, boosted by a same-store sales increase of 12.6% in North America.

On average, Wall Street expected revenue of $1.21 billion.

YORK, Pa. -- The Bon-Ton Stores announced its board of directors unanimously approved an amendment to Bud Bergren’s employment agreement, which states Bergren will continue to serve as president and CEO through Feb. 5, 2012. His term as president and CEO will automatically renew for successive periods of one year unless either the company or Bergren elects not to renew his term as president and CEO.

If you think of Ricky Martin as a one-hit wonder (who doesn’t remember “Livin’ la Vida Loca?”) guess again. Since that catchy pop tune was released more than 10 years ago, Martin became a bonafide superstar selling 65 million records worldwide. Now he has a memoir title Me on the New York Times Bestseller list and an exclusive agreement with Target to serve as a distribution partner for his 12th album, Musica + Alma + Sexo.

Activist investor and hedge fund executive Bill Ackman has accomplished at J.C. Penney what he was unable to do at Target. He secured a seat on the department store retailer’s board after purchasing a bunch of shares and will now be able to push for strategies to increase shareholder value. Joining Ackman on the J.C. Penney board is another large shareholder, Steven Roth, chairman of Vornado Realty Trust.

CAMP HILL, Pa. - Rite Aid on Monday sweetened the pot for those loyalty card members braving the cold and visiting the pharmacy in February.

With the purchase of $100 or more of specially marked products throughout the store, Rite Aid’s Wellness+ cardholders can earn a $20 +UP Reward, and at the same time be automatically entered into a sweepstakes featuring more than $100,000 in prizes, as part of Rite Aid's new Winter Rewards Program through Feb. 26.

By Rick Caccia, [email protected]

CINCINNATI - Febreze teamed up with the Dallas Forth-Worth Salvation Army to collect new and gently used sports equipment and athletic gear at the NFL Experience, an exhibit held at the Dallas Convention Center.

The two will host the first-ever Febreze Game Day Freshness Sports Equipment Drive Jan. 27 to 30, and Feb. 2 to 6. The equipment and gear will be freshened using Febreze products and donated to the North Texas Youth Education Town in Arlington, said Febreze, which is the official air freshener of the National Football League.