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GameStop has launched the GameStop Technology Institute (GTI), a new business unit focused on creating affiliations with leading technology corporations and academic institutions to discover and deliver business innovation and technology solutions “to better address the needs of today’s empowered consumer.”

Philadelphia -- Five Below on Tuesday reported better-than-expected results for its fiscal fourth quarter, ended Feb.1. The tween/teen retailer also said it is on track to open 62 stores in 2014

The company posted net profits of $24.8 million, slightly higher than estimates of $24.6 million, up from $19.2 million in the year-ago period.

Sales jumped 22.1% to $212 million, beating analysts' expectations for $207.78 million in sales. Same-store sales increased by 0.3%.

Last month, Amazon started hiding listings for certain products if they do not have a GTIN, better known as the Universal Product Code (UPC). Now eBay, Google and Walmart have endorsed a drive to help businesses obtain valid GTINs for products sold online.

Both are significant developments in a larger trend, as major e-commerce players look to dramatically reduce the number of inaccuracies that online shoppers encounter every day.
 

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Coty has appointed Mario Reis as EVP, supply chain, effective May 1. Based in Geneva, Reis will join the executive committee and report to CEO Michele Scannavini.  

Reis will replace Darryl McCall who will work on the transition and other projects to ensure continuity in supply chain performance before his retirement Dec. 31.

The nation’s largest mattress retailer has launched new web and mobile commerce sites which rely on a cloud-based solution to support future growth.

Crossmark, a leading sales and marketing services company, has elevated president and COO Ben Fischer to the CEO spot, effective April 7. He will succeed Joe Crafton, who is retiring after 26 years of service with the company.

American Eagle has had a rough winter. Robert Hanson resigned as the company’s CEO following disappointing holiday sales, and severe winter weather contributed to weak fourth-quarter results.

Interim CEO Jay Schottenstein looked on the bright side as shares dropped nearly 7%, saying that the company was taking steps to bring greater focus and excitement to its product offering and better engage its core customers.