News

DOVER, N.H. — Zander Livingston, CEO of Truecount Corp, an RFID software provider, announced that Truecount is introducing a new Software as a Service (SaaS) pricing and deployment model that places inventory visibility and all other RFID benefits within the reach of any size retailer. 

Framingham, Mass. -- Staples reported Wednesday that profit for the quarter ended Feb. 2 fell 72% to $78.1 million from $283.6 million, impacted by store closings and other charges.

Revenue edged up 3% to $6.57 billion, boosted by an extra week in the period. Results missed Wall Street’s expected $6.71 billion in revenue. Same-store sales fell 5%, excluding e-commerce revenue.

For the full year, Staples lost $210.7 million, compared to net income of $984.7 million in the year-ago period. Annual revenue dipped 1% to $24.38 billion.

COLUMBUS, Ohio — Big Lots reported income from continuing operations of $120.3 million, or $2.09 per diluted share, for the fourth quarter of fiscal 2012, meeting the company's expectations for net income to be in the range of $1.91 to $2.10 per diluted share.

Net sales for U.S. operations for the fourth quarter of fiscal 2012 increased 4.4% to $1.8 billion, compared to $1.6 billion for the same period of fiscal 2011. Comparable-store sales for U.S. stores decreased 3.5% for the quarter. 

Houston -- Men’s Wearhouse announced Wednesday it has named Jon W. Kimmins as EVP and CFO, effective April 4.

Kimmins most recently was EVP – finance and operations at LF-USA, a division of Li & Fung Limited, a multi-billion dollar wholesaler of apparel, footwear and fashion accessories. Prior to that, he was EVP of Toys “R” Us, where he was responsible for worldwide corporate finance, raising billions in debt and equity financing transactions.
 

NEW YORK — The board of directors of the International Licensing Industry Merchandisers’ Association (LIMA) has selected Bernard Leifer, president and CEO of The SG Companies, for induction into the LIMA Licensing Industry Hall of Fame.  

The induction will take place at the annual LIMA Awards Ceremony on June 18, 2013 during the industry’s main event, Licensing Expo 2013, in Las Vegas.

BOCA RATON, Fla. — Office Depot is partnering with Real Change Productions to recognize teachers for their positive influence on today’s youth, as well as raise awareness for a donation program benefiting classrooms throughout the country.

WASHINGTON — The National Retail Federation said it supports legislation that would repeal the employer mandate provision of the health care reform law scheduled to take effect next year.

PITTSBURGH — American Eagle Outfitters reported adjusted fiscal year 2012 earnings for the 53 weeks ended February 2, 2013 of $1.39 per share, a 43% increase from fiscal year 2011 adjusted earnings of 97 cents per share for the 52 weeks ended January 28, 2012.