News

Footwear and accessories retailer DSW Inc., successfully navigated the west coast port challenges that plagued other retailers first quarter performance to deliver strong results while furthering an endless aisle agenda.

The company said its sales for the period ended May 2, increased 9.4% to $655 million and same store sales accelerated to 5.1% when compared to a 3.7% increase during the first quarter the prior year. Net income increased 22.6% to $47.4 million while earnings per share increased 26.2% to 53 cents.

Zaandam, Netherlands – Global grocery conglomerate Ahold N.V. had a successful first quarter of fiscal 2015, reporting growth in overall net income and in U.S. market share. Net income more than quadrupled to $230.74 million from $54.16 million, aided by the elimination of discontinued operations from the same period a year earlier.

Los Angeles - Forever 21 Inc.’s social strategy has always been to mix compelling and creative branding with the ability to directly purchase items. Working with Philadelphia-based visual social media marketing company Curalate, the fast-fashion retailer has taken that strategy to new heights by allowing customers to buy goods from its Instagram page.

“Curalate helped us turn what was a purely branding tool into a revenue driver,” said Mario Moreno, global social media manager marketing, Forever 21, Los Angeles.

Walmart and the attorney for comedian Tracy Morgan reached a confidential settlement agreement of a lawsuit stemming from an accident involving a Walmart truck and the vehicle in which Morgan was riding.

Walmart and Benedict P. Morelli, attorney for Tracy Morgan, Ardley Fuqua, and Jeffrey Millea reached a settlement agreement ending the lawsuit against Walmart that arose from a multi-vehicle accident involving the men on June 7, 2014, on the New Jersey Turnpike.

New York -- The Kate Spade New York brand has entered into a partnership with True Fit, a fit personalization service, to provide personalized fit and size recommendations for the brand’s apparel and footwear on Katespade.com.

The site will also feature True Fit’s new shoe user experience that delivers accurate fit ratings and size recommendations to consumers while also communicating the nuance of each shoe style.

With the athleisure trend still generating big sales, Sports Authority has teamed up with Hanesbrands' Champion Athleticwear to launch Champion GEAR.

The new collection, available exclusively at Sports Authority locations nationwide and sportsauthority.com, is a premium line of performance and lifestyle apparel features seamless construction and quick-drying Champion Vapor Technology for comfortable, distraction-free workouts.

Atlanta -- Arby’s Restaurant Group, franchisor of the Arby’s brand, announced that it has reached an 11%  total energy reduction per company-owned restaurant since 2011, paving the way to a goal of 15% energy reduction by the end of 2015. This follows a 2014 reported reduction of 3.3% in average year-over-year energy consumption per company-owned restaurant.

Amazon Inc. says it is planning to start hiring for more than 6,000 full-time jobs at fulfillment centers across the United States.