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TAG Heuer finds time to launch e-commerce site

BY CSA STAFF

SPRINGFIELD, N.J. — Watch maker TAG Heuer has launched its first online shopping boutique. Paying homage to the brand’s eight avant-garde retail boutiques nationwide, the new online boutique will mimic TAG Heuer’s "lifestyle lounge," which allows consumers to fully immerse themselves in the TAGHeuer brand from any location.

Adorned with an extensive assortment of high-end TAG Heuer timepieces, limited-edition styles, and lifestyle accessories including eyewear, cufflinks, luggage, jackets and more; shop.TAGHeuer.com is the only online shopping destination to offer the brand’s complete assortment.

"Like TAG Heuer’s eight freestanding boutiques in the U.S., the new online boutique personifies the brand for our consumers and offers them an exclusive shopping experience," said Ulrich Wohn, CEO and President of TAG Heuer North America. "With our new online boutique we can offer an even wider audience an engaging experience that brings our brand’s spirit, history and prestigious Swiss timepieces to life at anytime and anywhere."

Shop.TAGHeuer.com embodies the brand’s design philosophy, with displays of engineering prowess, showcasing the newest collection of exclusive TAG Heuer 1887 movements, created completely in-house at TAG Heuer’s manufacturing establishment in La Chaux-de-Fonds, Switzerland. Shop.TAGHeuer.com will be available for all North America customers, supplementing TAG Heuer’s well-established luxury boutiques and providing customers with a new avenue to engage with the brand and truly experience the brand’s collections easily, safely and conveniently.

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Lowe’s Q4 profit tops estimates

BY Marianne Wilson

Mooresville, N.C. — Lowe’s Co. reported fourth quarter profits that topped Wall Street estimates, helped rebuilding efforts in the wake of Hurricane Sandy and general remodeling activity. The retailer also said it authorized a new $5 billion share buyback program that it expects to use in the next two year

Lowe’s earned $288 million in the fourth quarter ended on Feb. 1, compared with $322 million. (Lowe’s fiscal year ends on the Friday nearest the end of January; therefore, fourth quarter and fiscal year 2011 included an extra week compared to 2012.)

Sales for the fourth quarter decreased 5% to $11.0 billion, from $11.6 billion in fourth quarter 2011. Same-store sales increased 1.9% as builders started single-family housing at the fastest rate in four years, boosting spending by contractors.

“We delivered solid results in the fourth quarter,” commented Robert A. Niblock, Lowe’s chairman, president and CEO. “Our results are a testament to the team’s success in driving more balanced performance across the quarter, our response to the demand created by recovery efforts in the wake of superstorm Sandy, and the momentum we’re creating with our initiative

For the fiscal year, sales were $50.5 billion, a 0.6% increase over fiscal year 2011.

The world’s second-largest home improvement retailer said its net earnings were $288 million, or 26 cents a share, in the fourth quarter ended on Feb. 1, compared with $322 million, or 26 cents a share, a year earlier.

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Founder of Barnes & Noble to bid for chain’s retail assets

BY Marianne Wilson

New York — Leonard Riggio, founder and chairman of Barnes & Noble, has told the company’s board that he wants to make an offer for its retail business. Riggio is Barnes & Noble’s largest shareholder, owning nearly 30% of the company.

The offer would not include Nook Media, Barnes & Noble’s e-book division.

Barnes & Noble said in a statement that it had formed a special board committee of three directors to consider Riggio’s proposal. There is set timetable for the process.

The filing with the U.S. Securities and Exchange Commission says Riggio will seek to negotiate a price with Barnes & Noble’s board and pay for the deal with cash and debt.

Riggio is making the offer in order to facilitate the company’s review of its strategic options for separating its Nook business, according to the filing.

Barnes & Noble operates 689 bookstores in 50 states and 674 college bookstores.

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S.Hance says:
Mar-12-2013 02:54 am

Retailing is also a good business to engage with. Retailing could turn out as a big company someday. - J. Kale Flagg

S.Hance says:
Mar-12-2013 02:54 am

Retailing is also a good business to engage with. Retailing could turn out as a big company someday. - J. Kale Flagg

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