News

Philadelphia -- Destination Maternity Corp. has stopped its pursuit of the United Kingdom’s Britain's Mothercare Plc chain after having two bid proposals rejected.

Brisbane, Calif. – Bebe Stores Inc. plans to roll out the digital experience management platform from Qubit. Qubit's technology helps marketers gain a deeper understanding of customer data to optimize the customer experience based on insights and intelligence.

Seattle – Amazon.com reported a second quarter net loss of $126 million, compared to a net loss of $7 million in the same period last year, as it continues to spend heavily on investments. The loss was nearly double what Wall Street higher expected. Operating expenses rose 24% to $19.36 billion.

Net sales increased 23% to $19.34 billion in the second quarter, compared with $15.70 billion in second quarter 2013. Net sales met Wall Street expectations. A favorable change in foreign exchange rates boosted revenues.

Atlanta – A variety of costs drove net earnings for the second quarter of fiscal 2014 at Aaron’s Inc. down 67% to $8.5 million from $25.9 million in the same period a year earlier. Expenses related to Aaron’s April 2014 purchase of lease-to-own company Progressive Finance Holdings, as well as advisory and strategic costs and costs related to store closures, impacted net earnings.

Hoffman Estates, Ill. – Sears’ new 'Back to School, Back to You' campaign offers members of its Shop Your Way loyalty program the ability to communicate one-on-one with a store associate through the program’s mobile app or website. Associates respond directly to individual inquiries.

Framingham, Mass. – Staples Inc. is reportedly in negotiations with the state of New York to resolve a dispute about the terms of an agreement to sell numerous items to New York state agencies and qualifying non-profits for a penny each. According to the Wall Street Journal, Staples agreed to honor the one-cent prices on 219 items for three years in order to win a state office and school supplies contract.

Milwaukee – The board of directors of Roundy’s Inc. has named Michael Turzenski, currently Roundy’s group VP and chief accounting officer, as group VP, CFO. Turzenski replaces Darren Karst, who is leaving the company to become CFO of Rite Aid Corp. as of Aug. 10.

Turzenski has served in his current role since February 2012. Turzenski joined Roundy’s in 2007 as VP, controller.

Dallas -- Dickey’s Barbecue Restaurant, Inc. has launched its first multimedia brand advertising campaign with the new company tagline, “We Speak Barbecue.” The new campaign uses both music and visuals and includes multiple 30-second national television spots, radio advertisements and a digital campaign.

New York -- Unlimited ebook subscription service provider Oyster has launched Web and mobile Web readers. Now available to read on Web and mobile web browsers, the expansion marks Oyster's second new platform since June 2014, when it launched an Android platform.

Oyster continues its partnership with two of the five largest publishers in the world, and six of the top 10. Oyster is available for $9.95 per month and scrolls top to bottom like a blog.

High-end department store Von Maur plans to open its 30th location on October 18 in Oklahoma City. The new location will be the company’s first in the state and will be part of the city’s Quail Springs Mall.

The new store will open in a space that used to house a Sears, and will undergo a complete facelift. Von Maur will create a brick façade on the exterior and sell brands like Brooks Brothers, Hugo Boss and Coach.