WWD Business Headlines

Tech Launches Aimed at Boosting Consumer Shopping

WWD.com — Sat, 18 May 2013 08:30:00 EDT

All three are focused on improving the shopping experience via some form of pricing component.

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Stage Store's Q1 Loss Expands

WWD.com — Fri, 17 May 2013 09:45:00 EDT

The department store lost $6.9 million, or 21 cents a diluted share in the quarter ended May 4.

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Cambodian Factory Collapse Details Emerge

WWD.com — Fri, 17 May 2013 07:25:00 EDT

The official death toll has been reduced to two workers but it might rise. One of the deceased might have been under the age of 16.

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European Stock Markets Edge Down

WWD.com — Fri, 17 May 2013 05:22:00 EDT

Among retail and luxury stocks that lost ground in mid-morning trading were Gemfields and Beiersdorf.

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Retail Apparel Prices Fall in April

WWD.com — Thu, 16 May 2013 16:56:00 EDT

The overall CPI fell 0.4 percent last month, as gas prices dipped.

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J.C. Penney Loss Widens to $348M in Q1

WWD.com — Thu, 16 May 2013 16:46:00 EDT

Myron “Mike” Ullman said retailer is refocusing on the customer after failed transformation effort.

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Retail Stocks Snap Winning Streak

WWD.com — Thu, 16 May 2013 16:24:00 EDT

Sector falls after 10 straight gains.

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Kohl's Shareholders Vote for Independent Chairman

WWD.com — Thu, 16 May 2013 16:20:00 EDT

Proposal allows the company to wait to make the change with the next ceo.

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Luxury Enters Single-Digit Era

WWD.com — Thu, 16 May 2013 09:05:00 EDT

Bain study predicts growth of 4 to 5 percent in 2013.

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Wal-Mart Corruption Probe Costs Rise

WWD.com — Thu, 16 May 2013 08:48:00 EDT

The world’s largest retailer on Thursday revealed it spent $73 million in the first quarter on matters related to FCPA-related issues.

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Marzotto Issues Payment in Tax Case

WWD.com — Thu, 16 May 2013 06:54:00 EDT

A wire transfer to Italy’s internal revenue service could avoid a trial on allegations of tax evasion.

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Richemont Full-Year Net Rockets 30.2%; Rupert Sets Sabbatical

WWD.com — Thu, 16 May 2013 04:56:00 EDT

The chairman, controlling shareholder of the world’s second-largest luxury goods group will take a yearlong sabbatical beginning in September.

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Splits Develop Over Bangladesh Safety Plans

WWD.com — Thu, 16 May 2013 00:02:00 EDT

More European brands and retailers joined the Bangladesh fire and safety accord with unions on Wednesday, while the divisions grew among American companies.

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Japan Q1 GDP Growth Surges

WWD.com — Wed, 15 May 2013 23:04:00 EDT

The country's economic growth comes as luxury players release encouraging sales figures out of the country.

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Retail Stocks, E-commerce Gain Ground

WWD.com — Wed, 15 May 2013 16:30:00 EDT

Industry stocks set net high and e-commerce continued to grow in importance.

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Wesley Card's Pay Hits $6.3M at Jones

WWD.com — Wed, 15 May 2013 14:17:00 EDT

Ceo’s compensation rose 1.1 percent.

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Topshop Parent to Sign Bangladesh Accord

WWD.com — Wed, 15 May 2013 11:31:00 EDT

Britain’s Arcadia Group said it will sign the binding Bangladesh fire and safety accord with unions, despite doing a small amount of business in the country.

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'Core' Customer Drives Macy's in Q1

WWD.com — Wed, 15 May 2013 09:51:00 EDT

The company reported growth in both net income and net sales for the period.

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H&M Cites 1% Bump in Comp-Store Sales

WWD.com — Wed, 15 May 2013 02:57:00 EDT

The increase in April, including VAT and new stores, amounted to 11 percent.

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Vertu Names Chief Operating Officer

WWD.com — Tue, 14 May 2013 18:52:00 EDT

Jonathan Sinclair will oversee all company operations, reporting directly to chief executive officer Perry Oosting.

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