News

SEATTLE - The nation’s leading online retailer late Tuesday reported a 51% increase in sales and better-than-expected profits as liquidation of former rival Borders began.

If it wasn’t already apparent, the juxtaposition of these events in the same week is a harsh reminder that pure-play online retailers have the ability to render conventional brick-and-mortar chains, or large segments of their business, obsolete despite efforts by the latter to pursue multichannel strategies that leverage physical infrastructures.

AMSTERDAM — The Tommy Hilfiger Group has announced the appointment of John Ermatinger to CEO of the company's Asia business, effective Aug. 1. In this newly created position Ermatinger will report to Fred Gehring, CEO of the Tommy Hilfiger Group. Ermatinger will be based in the Tommy Hilfiger Hong Kong offices.

As CEO of the Asia business, Ermatinger will oversee all business activities in Asia, including the subsidiary Tommy Hilfiger Japan, the joint venture Tommy Hilfiger China, and the various licensed businesses throughout the territory.  

WAYNE, N.J.— Amazon, which reported record 2Q sales, will get even more help boosting its bottom line now that Toys"R"Us will start selling the online retailer's popular Kindle e-reader.

MENOMONEE FALLS, Wis. — Kohl’s Department Stores announced that it has awarded 10 students, ranging in age from 10 to 17, with a total of $10,000 in scholarship money for post-secondary education. In addition to the scholarships, Kohl’s will donate $1,000 to a nonprofit organization of each winner’s choice. 

NEW YORK — Inflation-related concerns will prompt back-to-school shoppers to utilize certain shopping tactics, including smartphone and social network use, to save this year.

NEW YORK — Inflation-related concerns will prompt back-to-school shoppers to utilize certain shopping tactics, including smartphone and social network use, to save this year.

WEST BRIDGEWATER, Mass. — Supervalu banner Shaw's has implemented the Nutrition iQ program in its stores.

The Nutrition iQ program, which was developed and implemented in collaboration with dietitians from Joslin Clinic, features color-coded icons on shelf tags and signs that serve as at-a-glance cues to help shoppers identify and find healthy food options. The program arrives in stores this week and will be accompanied by an advertising and promotions campaign to educate consumers.

NEW YORK — Barnes & Noble announced that Miwa Messer has been named director of the Discover Great New Writers program. Established in 1990, the Barnes & Noble Discover Great New Writers program has championed new talent and been a showcase for our commitment to new writers, the company reported.

The existence of hunger in America and the concept of food deserts are hard for most Americans to grasp. Simple observations suggests that the majority of us are not missing many meals and grocery stores are so prevalent that profitably operating a food store is a perpetual challenge because of intense competition and the resulting pricing pressure.

Camp Hill, Pa. -- Rite Aid Corp. has agreed to pay $2.1 million to Massachusetts towns to settle alleged prescription drug overcharges under the workers’ compensation insurance system.

Massachusetts Attorney General Martha Coakley said Wednesday that Rite Aid has overcharged state agencies and at least 100 cities and towns to fill prescriptions for people receiving workers' compensation since 2002.