News

Lands’ End is making some significant executive moves in the wake of reporting a preliminary same-store sales decline of 8% to 10% for the fourth quarter.

Lands' End announced that it has named James (Jim) Gooch as its new executive VP, COO and CFO. Gooch will report directly to Marchionni, and will be responsible for overseeing operational and financial functions for the company. He will succeed Michael Rosera, who will be leaving the company.

Hhgregg's holiday disaster was confirmed Thursday when the struggling retailer officially posted a loss of $26.9 million in its fiscal third quarter.

The company said that for the third quarter ended Dec. 31, net sales decreased 10.9% to $593 million, compared to the prior year third quarter.

When one looks at the hot topics in retail today, no shortage of economists, journalists, industry thought-leaders and technology pundits are talking about the future of payments. One topic that many aren’t really discussing is managing large volumes of cash receivables.

Tiffany & Co. has come up with a new way to showcase its brand and it has nothing to do with jewelry.

The retailer announced it has entered into an agreement with Coty for the development, production and distribution of a new line of Tiffany fragrances for both women and men, to be sold at Tiffany & Co. stores as well as at other select luxury retailers.

For more than 50 years, retail store planning, construction and facilities executives have gathered for the annual SPECS conference to assess key industry challenges and invent the future. That will be the case again this year, as SPECS focuses on the transformation and evolution of physical stores in a digital age.  

Slowly but surely, consumers are becoming open to the idea of switching from leather wallets to an electronic version.

After two years of development, Walmart’s OneOps cloud management and application lifecycle platform is being made available to the open source community in a move that highlights a sharp distinction with Amazon Web Services.
 

Photo: Julie Bierman, left, with the Army & Air Force Exchange Service, and Jennifer Dilts, right, with Dollar General will be honored at the upcoming NCA annual meeting.

The eBay platform facilitated commerce of nearly $22 billion in the fourth quarter, a 5% increase, and counted roughly 265 million transactions during the holiday season.

The nation’s largest rural lifestyle retailer had previously warned that warm weather caused weaker-than-expected fourth quarter sales and it quantified the impact on profitability with the release of full financial results on Jan. 27.