News

SALT LAKE CITY  — Overstock.com reported that fourth quarter revenue grew 9% to $342 million from $314 million for the same period last year. The company posted net income of $8.8 million, or 37 cents per diluted share, compared with a net loss of $3.4 million or 15 cents per diluted share.

Woodland Hills, Calif. -- Great American Group said Friday it has been selected to handle the liquidation of Bakers Footwear Group, offering discounts for products in 56 of Bakers Footwear Groups’ remaining stores, as well as online at Bakersshoes.com.

Bakers locations in Alabama, California, Connecticut, Florida, Georgia, Illinois, Kansas, Kentucky, Louisiana, Michigan, Missouri, Nevada, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Texas, and Virginia are part of the sale event.
 

Armonk, N.Y. -- Online fashion retailer Privalia said Friday it is working with IBM to boost its expanding online sales business through mobile and social channels.

Privalia organizes online flash sales, a phenomena that offers personalized, limited-time offers to consumers at attractive prices.

By Bradley W. Snyder, [email protected]

CUPERTINO, Calif. — Apple posted a first quarter profit of $13.1 billion, or $13.81 per diluted share, and $54.5 billion in revenue, thanks to the continued popularity of its iPhone and iPad products.

These results compare with revenue of $46.3 billion and net profit of $13.1 billion, or $13.87 per diluted share, in the 14-week year-ago quarter. 

BrandMasters is the name of a new experiential marketing agency created by Crossmark, one of the companies that executes in store activities at Walmart under the Shopper Events banner.

CITY OF COMMERCE, Calif. — Former Food Lion CEO, and current board member for 99 Cents Only Stores, Richard Anicetti, is assuming the role of interim CEO for the discount retailer. In addition, Michael Fung will join the company as interim chief administrative officer overseeing finance, information technology, real estate and various administrative functions of the company.  

In connection with the foregoing changes, Eric Schiffer, Jeff Gold and Howard Gold are no longer employed by the company. 

James Cordero, senior director of Walmart’s Smart Network, is among four new appointees to the advisory board of the Digital Signage Expo.

BY JASON OWEN

DALLAS — In the height of the one of the worst flu seasons in recent years, Kleenex is hand-delivering care packs to unsuspecting fans all across North America. Three fans will receive what could be the surprise of a lifetime.

BOCA RATON, Fla. — Office Depot announced that it has been recognized by DiversityBusiness.com, the nation's leading multicultural business-to-business website, as one of the “Top 50 Organizations for Multicultural Business Opportunities” for 13 successive years. Office Depot was ranked fifth on the list.

Companies on the "Div50" list are recognized for the volume, consistency, and quality of business opportunities granted to women- and minority-owned companies.