News

eBay has acquired PhiSix, a computer graphics company that creates 3-D models of clothing from photos, pattern files and other sources and simulates the behavior of the garments.

PhiSix’s technology allows consumers to see how clothes fit, look and move in different environments without actually having to try them on, and can be used in online and offline environments.

Bentonville, Ark. – Wal-Mart Stores Inc. is doubling its projected growth of small format stores as the retailer reports declining net income and weak sales growth for the fourth quarter and fiscal year 2014.

HSNi ended 2013 with record customer levels at its HSN and Cornerstone brands, which bolstered the company’s fourth-quarter results.

The company’s total net sales grew 4% over the prior year to $1 billion.

The Woodlands, Texas – Conn’s Inc. released preliminary fourth quarter net sales and same-store sales results for its retail segment that suggest strong financial performance. On a year-over-year basis, Conn’s net sales for the fourth quarter of fiscal 2014 were an estimated $301.6 million, increasing $93.3 million, or 44.8%, from the same period last year.

Severe weather in the fourth quarter did not prevent Conn’s from reaching its sales objectives, but increases in wholesale television prices affected electronics sales.

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Vertical footwear retailer Keds is launching an omnichannel marketing campaign called the “Keds Brave Life Project.” The campaign is aimed at encouraging positive development of girls and young women.

Minneapolis -- APG Cash Drawer LLC is releasing the BluePro Bluetooth interface for cash drawers. Now available for purchase through APG's distribution partners, the BluePro Bluetooth interface will enable cash drawer control via Bluetooth communication and allows retailers to wirelessly synchronize and create a one to one relationship between the cash drawer and tablet.