OPERATIONS

Neiman Marcus names head of web and catalog division

BY Staff Writer

Dallas — Neiman Marcus has named former Williams-Sonoma executive John E. Koryl as president of its website and catalog division, Neiman Marcus Direct.

Koryl, 40, succeeds Gerald Barnes, who will become executive VP and chief merchant of Neiman Marcus Direct, which operates websites under NeimanMarcus.com, BergdorfGoodman.com, LastCall.com, Cusp.com and Horchow.com. The division also produces more than 80 catalogs annually for the Neiman Marcus and Horchow brands.

Koryl, who will join the company on June 20, was senior VP of e-commerce marketing and analytics at Williams-Sonoma.

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Staples gets optimized for smartphones

BY CSA STAFF

FRAMINGHAM, Mass. — Staples announced that it has launched a mobile version of its website. The M.Staples.com mobile site is optimized for smartphones and features enhanced product ratings and reviews, one click to an ink and toner finder, a Staples retail store locator with automatic GPS, store inventory lookup and enhanced on-site search, including an auto-suggest feature, the company reported.

Staples’ new mobile website also allows users to share product reviews and become a fan of Staples on Facebook, or follow Staples on Twitter.

In addition, the mobile site enables customers to order products from their smartphones and have them shipped to their nearest Staples. The site also enables users to check available inventory, and, while in a Staples store, quickly scan product reviews online. M.Staples.com also features a synchronized shopping cart, which allows users to log-in, browse items and add them to their cart right from the mobile website, on Staples.com, or at one of the in-store kiosks at Staples’ retail locations.

“At Staples we’re always looking for ways to bring easy to our customers, wherever they are, so they can research, shop and buy a wide range of products and services for their office,” said Steven Bussberg, SVP Staples.com. “Mobile devices offer new and exciting ways for us to engage with customers whether they’re in their homes or offices, on the road, or in one of our stores.”

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Tuesday Morning lowers guidance after disappointing June start

BY CSA STAFF

DALLAS — Tuesday Morning has revised its fiscal year guidance and now expects total net sales to be in the range of $820 million to $830 million and comparable-store sales to be slightly negative for the full year of fiscal 2011. Diluted earnings, based on these sales results, are now expected to be approximately 25 cents to 30 cents per share for fiscal 2011, the company.

"We project to be debt free with a solid cash position at year end; however, we are revising our guidance due to the disappointing start of June sales through this past weekend," said Kathleen Mason, president and CEO. "Food and fuel inflation, combined with the challenging housing market, has affected our customers’ disposable income. The resulting pull back in discretionary spending has impacted the incremental portion of our sales. Despite this, our balance sheet remains strong and we continue to generate earnings and positive cash flow for fiscal 2011."

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