Coldwater Creek names former Loft exec as CMO
Sandpoint, Idaho — Coldwater Creek announced the appointment of Deborah Cavanagh as senior VP and CMO, effective Sept. 16.
Cavanagh, who arrives Coldwater Creek from Loft where she was senior VP brand marketing, led the repositioning of Loft as a differentiated brand from Ann Taylor. She will lead Coldwater Creek’s multi-channel brand marketing and creative services.
Game UK teams with IBM toward customer engagement
London — UK PC and video game retailer Game UK will use IBM’s big data analytics and cloud-based software to optimize its online marketing efforts and provide personalized product recommendations based on each customer’s shopping interests and online behavior.
Game’s drive to upsell and increase loyalty within its customer base is powered by technology from IBM’s Smarter Commerce initiative. This latest purchase of marketing automation software extends Game’s existing Smarter Commerce investments.
In addition, Game’s solution is delivered via IBM’s SmartCloud from a set of recently announced Cloud Suite for the C-Suite solutions.
“We are looking for our developmental work on our new digital engagement platform to grow our online share to 30% in channel by the end of the year,” said Andy Grainger, chief technology officer at Game UK.
Dillard’s maintains momentum in 2Q
LITTLE ROCK, Ark. — Strength in ladies accessories and lingerie contributed to a 1% second quarter same store sales increase that helped Dillard’s exceed profit forecasts.
Total merchandise sales, adjusted to exclude CDI, were $1.46 billion — unchanged on a percentage basis for the 13-week period ended August 3 compared to the same period last year. Sales were also strong in juniors and children’s apparel, but weakest in the home and furniture category followed by ladies apparel. Sales trends were strongest in the Central region, followed by the Western and Eastern regions, respectively.
Dillard’s reported net income for period was $36.5 million, or $0.79 per share compared to net income of $31 million, or $0.63 per share, for the prior-year second quarter.
“Following a strong start to the year, we made further progress in the second quarter. Positive comparable store sales and gross margin expansion combined with continued expense control enabled us to report another quarter of year over year improvement at Dillard’s,” said Dillard’s CEO William T. Dillard II.
During the quarter, the company closed its Randolph Mall location in Asheboro, N.C. As of August 3, the company operated 282 Dillard’s locations and 18 clearance centers spanning 29 states and its e-commerce site.