News

New York -- Dick’s Sporting Goods reported second quarter net income of $69.5 million, below expectations, compared to $84.2 million the prior year. Its results included a $20.4 million charge related to restructuring of the company’s golf business,

The retailer reported $1.7 billion in revenue, up 10.3% from the same period last year and in line with estimates. E-commerce sales increased to 6.3% of sales, from 5.6% of sales the prior year.

Mars has appointed Jean-Christophe Flatin as president of global chocolate, effective Oct. 1. Flatin, who is currently global president of Royal Canin, a unit of Mars Petcare, replaces Grant F. Reid, who recently moved into the role of office of the president for Mars.

New York -- Lane Bryant announced that American ready-to-wear designer Lela Rose will be creating a limited-edition line exclusively for the special-sized retailer. The collection is set to hit stores summer 2015, and will be sold under the Lela Rose Exclusively for Lane Bryant label.

Lela Rose will be the third designer collaboration for Lane Bryant, joining the Sophie Theallet and Isabel Toledo collections.

Shopping site Shopsavvy announced an update to its mobile app this week that adds functionality for users who are looking for the right price on the product they want.  

The update increased the number of participating retail outlets from fewer than 40,000 to about 500,000. Additionally, products can be tracked by their barcodes using the app’s built-in scanner.

Better than expected second quarter sales and profits at TJX Companies prompted CEO Carol Meyrowitz to strike an optimistic tone about the discount retailer’s future prospects.

Toys“R”Us is teaming up with nine-time baseball All Star Albert Pujols for its yearly Toy Guide for Differently-Abled Kids. This year’s issue marks the 20th anniversary of the publication, which focuses on products sold in Toys“R”Us and Babies“R”Us stores that are good for special needs children’s development.

San Francisco -- Kenshoo, a provider of predictive media optimization technology, and RevTrak, a promotions platform that drives and measures in-store sales through digital coupons, announced the results of a partnership uniting offline conversions and paid search performance for omnichannel optimization for Staples Canada.

NBTY, a global manufacturer, marketer, distributor and retailer of vitamins and nutritional supplements, has named Steven Cahillane CEO.

A 25-year consumer goods industry veteran, Cahillane comes to NBTY from Coca-Cola, where he led the successful integration of Coca‐Cola Enterprises' North American bottling operation and drove significant market share gains as president of Coca-Cola Americas.