Barnes & Noble’s new CEO Ron Boire, who took the reins of the company in September, wants to transform the chain into a “lifestyle brand” by expanding its selection of toys, games, gadgets and other gifts, according to a report in The New York Times. [The New York Times]
J.Crew Group didn’t get any relief in its third quarter. On the heels of another decrease in sales and a widening loss, the company is bringing in a former Ann Inc. executive to help turn things around.
The big news for retailers this holiday season has been the strong surge in online shopping. It’s not that high online volumes weren’t expected; estimates placed online purchases to be as high as 20% of total holiday sales this year.