OPERATIONS

QVC Names President, U.S. Commerce

BY CSA STAFF

West Chester, Pa. QVC, Inc. announced that Claire Watts will join the company effective Jan. 7, and will assume the role of president, U.S. commerce, effective May 1.

Watts joins QVC with 25 years of broad retail and merchandising experience. She spent the past ten years with Wal-Mart in various executive positions, most recently serving as executive VP of merchandising.

In her new position, Watts will oversee planning, programming, merchandising, broadcasting, TV sales, and QVC.com for the U.S. operation.

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Kohl’s offers charitable gift options

BY CSA STAFF

MENOMONEE FALLS, Wis. Kohl’s reported today that is offering customers a chance to give back to the community with special $5 gifts.

Through its Cares for Kids program Kohl’s is selling hardcover children’s books for $5 a piece, with the profits going toward children’s health and education efforts across the country.

“Great gifts don’t have to cost a lot of money,” said Julie Gardner, evp and chief marketing officer of Kohl’s Department Stores. “Through Kohl’s Cares for Kids, great quality gifts are inexpensive and customers can feel good knowing that when they buy for one child, they benefit another.”

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DSW reports 3Q sales, earnings growth

BY CSA STAFF

COLUMBUS, Ohio DSW today reported that its net income for the third quarter was $22.4 million and net sales for the quarter were $367.4 million. This compares to net income of $16 million and net sales of $332.2 million for the same period last year. The company reported same-store sales decreased 3% for the quarter versus an increase of 2.6% last year.

The company reported that diluted earnings per share were 51 cents for the third quarter of 2007 compared with 36 cents for the same period last year.

DSW said that it now estimated that fiscal 2007 diluted earnings per share will be in the range of $1.24 to $1.29, updated from the company’s previously announced estimate of at least 10% below last year’s reported diluted earnings per share of $1.48. The company also said it now expects comparable-store sales to be in the range of flat to down 1% for fiscal 2007, updated from the company’s previously announced estimate of flat to down 2%.

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