Bebe narrows loss in Q3
Brisbane, Calif. — Women’s apparel retailer Bebe stores reported Thursday that it narrowed its loss for the quarter ended March 31 to $200,000, compared with a $2.6 million loss in the year-earlier period.
Sales climbed 10.5% to $121 million, from $109.5 million. Same-store sales rose 7.2%.
For the remainder of fiscal year 2012, the retailer said it expects to open three 2b stores and close two Bebe stores.
Deb Shops launches e-commerce suit built on Demandware Commerce platform
Chicago — Deb Shops announced it has launched a new e-commerce site, built on the Demandware Commerce platform that uses improved design and enhanced functionality to give shoppers an optimal online shopping experience.
Deb Shops required a new e-commerce platform that could scale with its growing business and fully integrate into the other areas of its operations. By selecting Demandware, Deb Shops was able to leverage the benefits of Demandware’s cloud-based commerce platform to eliminate the need to source and maintain costly infrastructure for e-commerce and instead focus on delivering a superior shopping experience to its customers.
The new site was built by Lyons Consulting Group, an ecommerce strategy, design, development and support firm in less than three months. In a tight timeframe, the company was able to help Deb Shops rebrand and redesign onto the Demandware platform.
JCP gets CFO from MEMC
JCPenney on Thursday named Ken Hannah as its new CFO in the latest of a series of senior level personnel moves designed to aid in the company’s transformation.
Hannah, 43, previously served as president of MEMC Electronic Materials where he was responsible for improving process discipline, simplifying the organization and reducing cost to drive growth in the company’s solar business. Before the six years he spent in his current position, Hannah was the company’s CFO. Prior to that he served in positions of increasing responsibility at The Home Depot, including as SVP finance. Prior to that, Hannah held the positions of VP corporate audit staff and VP financial planning and analysis at The Boeing Company. He also worked in a variety of finance positions with General Electric Company and at McDonnell Douglas Corporation.
"Ken brings a broad knowledge of finance, controls and operations to the CFO role,” said JCPenney CEO Ron Johnson. “In addition, his experience with top companies known for financial and operational excellence will be instrumental in helping JCPenney as we transition to become America’s favorite store.”
Hannah added that he had followed the outstanding changes that have taken place at JCPenney thus far and was excited to now be part of this remarkable revolution in retail.