News

Plano, Texas -– Amid restrained consumer spending and warmer weather that dulled sales of seasonal merchandise, JCPenney Co. Inc. managed to shrink its third quarter net loss more than Wall Street expected in the third quarter of fiscal 2014, but missed projections with weaker-than-expected net sales.  

New York -- Online beauty retailer Birchbox is launching in Canada, marking the sixth country the company has expanded to since launching in the United States in Sept. 2010.      Since our launch in 2010, we’ve had tens of thousands of customer inquiries regarding shipping to Canada,” says Birchbox co-Founder and co-CEO Katia Beauchamp. “So we’re thrilled to finally bring Birchbox north of the border.”  

Regional discounter Shopko is employing an unconventional strategy concerning Thanksgiving store hours.

Tampa Bay, Fla. –- The community of Show Low, Arizona leads all U.S. cities in rates of chargebacks for credit card disputes, with a 2.2% chargeback rate. According to a new study from Chargebacks 911, a division of Global Risk Technologies, the top five cities (including multiple ties) are as follows:   1. 2.2% chargeback rate: Show Low, Arizona 85901

The retail inventory specialist firm WIS International named merchandising and marketing services veteran Jim Rose as its new president and CEO.

Rose most recently served as president of marketing services at CROSSMARK, a leading provider of marketing and merchandising services. Rose also previously served as chairman and CEO for Mosaic Sales Solutions and also held senior roles at The Nielsen Company and MPG, a global advertising and communications company.

Morrisville, N.C. --  Amazon.com’s same-store increase rate dropped from September to October 2013, but still more than doubled the same-store sales growth rate of overall e-commerce. According to data from cloud-based e-commerce solutions provider ChannelAdvisor, Amazon's October same-store sales came in at 32.4%, a decrease compared to August's 37.9%.  

Fort Worth, Texas –- RadioShack Corp. is reportedly placing a midday break into its previously planned all-day store hours for Thanksgiving. According to Bloomberg, an internal company memo shows that RadioShack, which had previously planned to keep stores open from 8 a.m. to midnight on Thanksgiving, will now close stores between noon and 5p.m. that day.