Online coupon site RetailMeNot.com reported that men outspend women by more than $120 on Valentine’s Day gift giving.
99 Cents Only Stores reported that profit for the quarter ended Dec. 29 rose 6.5% to $51 million, compared with $47.9 million in the year-ago period.
Verizon Communications elected Greg Wasson, Walgreens president and CEO, to the Verizon board of directors, effective March 1.
Sally Beauty Holdings Inc. reported that profit in the first quarter nearly doubled year-over-year – from $30.1 million to $59 million – but results still missed Wall Street expectations.
A report released by comScore found that retail e-commerce sales in the U.S. rose to $186.2 billion in 2012, an increase of 15% and the strongest annual growth rate since before the recession.
Department store retailers reported strong sales in January as shoppers responded positively to post-holiday clearance events.
There were few missteps among the discounters in January, as most posted strong results, many surpassing Wall Street expectations.
Survey results released by PriceGrabber found that 62% of consumers plan to spend as much as $100 on gifts for Valentine’s Day, down from 68% in 2012.
Social marketing platform Kenshoo Social said that it has completed an integrated Facebook marketing campaign for Zappos and cloud-based social marketing platform, Shoutlet.
Alliance Data Systems Corp. announced that its Canadian loyalty business signed a new multi-year agreement with Staples Canada Inc., which operates about 330 locations under the banners Staples and Bureau en Gros.