News

Pittsburgh -- American Eagle Outfitters Inc. said that its net income fell 4% in the second quarter as the retailer dealt with charges related to the closing of its children’s division, 77kids, which included 22 stores and the online business. But its adjusted results met analysts' estimates, and the company raised its full-year outlook.

For the second quarter that ended July 28, American Eagle earned $19.03 million, compared with $19.7 million last year.

Dallas -- Tuesday Morning Corp. said Monday that it lost $2 million in the quarter ended June 30, widened from a loss of $1.4 million in the same period last year. The retailer cited costs associated with terminating its CEO for the weakened showing.

Sales were nearly flat at $196.4 million, and same-store sales inched up a slight 0.2%. For the full year, the company recorded net income of $3.9 million, compared with $9.6 million in the prior year. Sales slipped 1% to $812.8 million.

PALATINE, Ill. — Weber-Stephen Products has released its first digital book: "Weber's Time to Grill: Get In. Get Out. Get Grilling," available for download on the iBookstore, Amazon, and Barnes & Noble. Written by New York Times best-selling cookbook author and James Beard Award nominee Jamie Purviance, "Time to Grill," released in a soft-cover format in 2011, has sold more than 260,000 copies to date.

New York -- Cost Plus World Market has launched a new website as a part of the brand’s strategy to elevate its e-commerce business and provide expanded opportunities for customers to discover more at Worldmarket.com. This is the largest redesign of the site since its launch in November 2005.

ROANOKE, Va. — Advance Auto Parts has announced the promotions of Kurt Schumacher to SVP, national field operations and Joe Gonzalez to area SVP.

Schumacher will lead the company's  nearly 3,500 Advance Auto Parts stores and asset protection. Mr. Schumacher will report to Darren Jackson, president and CEO. Gonzalez will lead store operations in Florida, the Southeast, Puerto Rico, and the Virgin Islands. He will report to Schumacher.

Topeka, Kan. -- Collective Brands stockholders voted at a special meeting on Tuesday to approve the sale of the company for about $1.32 billion.

Collective, which owns the Payless and Stride Rite shoe store banners, had announced in May that it accepted a purchase offer from a group that includes Wolverine Worldwide Inc., Blum Capital Partners and Golden Gate Capital.

DALLAS — Karen Katz, president and CEO of The Neiman Marcus Group, announced that Joseph Weber will be joining the company Sept. 4, as SVP, chief human resources officer.  Weber will be responsible for all areas of human resources and loss prevention including associate relations, learning and development, recruitment, compensation, internal communications and benefits.

Minneapolis -- Best Buy Co. reported Tuesday that profit for the second quarter tumbled 91% to $12 million, compared with $128 million in the year-ago period. Revenue declined nearly 3% to $10.55 billion, missing Wall Street’s estimated $10.65 billion in revenue. Same-store sales fell 3.2% overall, more than the 2.6% drop expected by analysts.