L.L. Bean has paid out slightly more than $1 million in cash bonuses to 5,000 full- and part-time employees in recognition of its best spring/summer since 2008, according to a reported in the Bangor Daily News…
Tag: People
Bricks-and-clicks Way Behind in Converting Customers on Line
Marketlive Inc. said bricks-and-clicks (B&C) retailers using its e-commerce platform made hefty revenue and traffic gains online in the first half of the year, but came in dead last among six customer segments when it came to converting online visits to s
Sporting Goods, Hobby, Book and Music Store Sales Decline in August
Sporting goods, hobby, book and music stores’ sales decreased 0.5 percent to $8.57 billion in August compared to July on a seasonally-adjusted basis, but were up 3.4 percent from August, 2012 on an unadjusted basis, according to latest advance esti
Dual Surveys Signal Strong Rebound in UK Retail
Confidence in the U.K’s retail recovery strengthened last week when the British Retail Consortium (BRC) reported comparable store sales increased 1.8 percent in August compared with August 2012, when they had declined 0.4 percent as shoppers were di
Lululemon’s Q2 Earnings Dip, Lowers Full Year Guidance
Lululemon Athletica Inc. reported second-quarter earnings dipped 1.8 percent to $56.5 million, or 39 cents a share, largely due to a higher tax rate. Earnings exceeded a forecast given in June but the yoga-inspired chain still lowered its guidance for the
Survey Finds Overwhelming Support for More Funding for U.S. Forests
Seven in 10 Americans said they would support a small increase in taxes in order to provide additional funding to restore forests damaged by fire and conserve additional lands, according to results of a new nationwide survey of voters released by the Nati
Little Hotties Wins Award at Chain Drug Store Show
Little Hotties, a division of Implus Corporation, was awarded the Product Showcase Award in the seasonal items division at the 2013 National Association of Chain Drug Stores (NACDS) Total Store Expo that took place August 10-13 in Las Vegas…
RECALL: 2,200 LLBean Boat Carts
LLBean recalled about 2,200 LLBean Deluxe Packaway Boat Carts because the cart’s plastic wheel rims can burst when the rubber tires are over-inflated, posing an injury hazard to consumers…
The Bike Cooperative Adds E-Bike Maker Currie Technologies as Vendor
The Bike Cooperative has picked up California-based e-bike maker Currie Technologies in response to growing interest from its member retailers…
NRF Asks Judge To ‘Right Or Reject’ Flawed Swipe Fee Settlement
The National Retail Federation asked a federal judge to “right or reject” a proposed settlement of an antitrust lawsuit over credit card swipe fees, saying the measure needs to be rewritten to do more to bring the soaring fees under control an
Point6 Sponsors the Denver Post Pedal the Plains Bicycle Tour
Point6, makers of premium merino wool socks, will sponsor the 2nd Annual Pedal the Plains Bicycle Tour…
Jarden Nets $700 Million in Stock Offering
Jarden Corp. raised approximately $687.7 million with its public offering of 15 million shares of common stock priced at $47 a share. The company intends to use proceeds to help pay for its proposed $1.75 billion acquistion of Yankee Candle…
UN Global Compact Releases 2013 Sustainability Report
There is a clear gap between what companies “say” and what they “do,” on the sustainability front, according to Global Corporate Sustainability Report 2013, which was released last week by the United Nations Global Compact – the w
Bushnell to be Acquired by Alliant Techsystems
Alliant Techsystems (ATK), the world’s largest ammunition maker, reached an agreement to acquire Bushnell Group Holdings, Inc., the maker of branded sports optics, outdoor accessories and performance eyewear. The purchase price was $985 million in c
Golf Anti-Counterfeiting Group Carries Momentum Into 2013
The U.S. Golf Manufacturers Anti-Counterfeiting Working Group (Golf Group) announced the successful raids of two facilities responsible for supplying counterfeit golf products to numerous stores throughout a well-known Chinese golf market. The raids by lo
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