FINANCE

Tuesday Morning Q3 same-store sales up 2.8%

BY Staff Writer

Dallas — Tuesday Morning Corp. said total sales for the third quarter ended March 31 increased 3.1% to $178.1 million, from $172.7 million in the year-ago period.

Same-store sales rose 2.8%, boosted by increases in average transaction value and customer traffic.

For the nine-month period ended March 31, revenue at stores open at least a year increased 3.7% and total sales rose 3.2% to $636.2 million, from $616.4 million.

The company plans to release its full third-quarter results on April 25.

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OPERATIONS

Men’s Wearhouse launches new mobile site

BY Marianne Wilson

Fremont, Calif. — Men’s Wearhouse has launched a new mobile website that allows shoppers to interact with the brand while on the go. Users can browse Men’s Wearhouse’s full list of in-store offerings, locate their nearest store and design the perfect tuxedo for any occasion with the Build-A-Tux feature, which allows users to choose from 96 different vest and bowtie colors and customize their tux with the aid of pre-styled looks that are easily saved for later or shared with friends and family.

“Extending our in-store experience to the online space has been a focus area for our company,” said Doug Ewert, Men’s Wearhouse president and CEO. “Our optimized mobile site allows us to connect to our customers in a more robust way, extending our promise of quality and world-class customer service well beyond the store.”

In addition to the Build-A-Tux feature, the mobile website also includes:

  • Filtering options to help customers search for products based on features relevant to them;
  • An advanced filter that allows users to view and edit currently selected features;
  • A view toggle allowing users to switch between grid view and list view, minimizing scrolling;
  • A toggle between “Regular” and “Big & Tall” sizes for easy fit navigation; and
  • A location-based store finder, allowing users to find retail locations, tuxedo rental stores, and outlets.
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A.Jhon says:
Apr-13-2013 05:33 pm

Activities Of Mankind In All
Activities Of Mankind In All Over The World Is Going Advance And Moving On Mobile Phones. So, With The Need Of Time The Business Is Going To Transfer On Mobiles. The Launching Of Websites Is Also Due To Importance And Usage OF Mobile Phones.iphone Spy software Is A Big Assistance That Can Control Your Mobiles And Make The Mobile Apps User Friendly.

A.Jhon says:
Apr-13-2013 05:33 pm

Activities Of Mankind In All Over The World Is Going Advance And Moving On Mobile Phones. So, With The Need Of Time The Business Is Going To Transfer On Mobiles. The Launching Of Websites Is Also Due To Importance And Usage OF Mobile Phones.iphone Spy software Is A Big Assistance That Can Control Your Mobiles And Make The Mobile Apps User Friendly.

steveustone says:
Apr-12-2013 02:46 pm

Mobile Phones Are
Mobile Phones Are Facilitating People In Many Fields Of Life.The Web Based Business Is Also Supported By Mobile Phones And Will Be Run On Mobile Media. You Can Control All Business Activities On Mobiles. The Launching Of This Mobile Based Websites May Promote This Business Well. http://www.bit-cart.com/shopping-cart-hosted.html

N.Stephan says:
Apr-09-2013 06:57 pm

interesting
Men’s Wearhouse is always finding the niche in niche marketing! This is a great idea and many companies are looking to move into this direction, when you find people using an app for fun as well as for shopping, the conversions are much higher then others. The "Build-A-Tux feature should be a hit, with the filtering options and location finder. I wonder if they are going to have an order option that will order and send the info directly to the store your searching for, so they get your order, and location, just need to pay. they might be able to add one of these features in a miami location soon! What other features would you want to see in this new app?

N.Stephan says:
Apr-09-2013 06:57 pm

Men’s Wearhouse is always finding the niche in niche marketing! This is a great idea and many companies are looking to move into this direction, when you find people using an app for fun as well as for shopping, the conversions are much higher then others. The "Build-A-Tux feature should be a hit, with the filtering options and location finder. I wonder if they are going to have an order option that will order and send the info directly to the store your searching for, so they get your order, and location, just need to pay. they might be able to add one of these features in a miami location soon! What other features would you want to see in this new app?

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OPERATIONS

Report: Caribou Coffee to close 80 stores, rebrand 88 others into Peet’s

BY Marianne Wilson

New York — Caribou Coffee will close some 80 stores nationwide and turn 88 other locations into Peet’s over the next 12 to 18 months, the Chicago Tribune reported.

Caribou, which is based in Minneapolis, went private this year in a $340 million deal with German investment firm Joh. A. Benckiser Group (JAB), which also owns Peet’s.

"Over the past few months, we at Caribou have revisited our business strategy, including closely evaluating our performance by market to make decisions that best position us for long-term growth," Caribou president Mike Tattersfield said in a statement. "While the decisions we’ve made have been difficult for our team in Minneapolis, as well as our team members across the country and our guests and fans everywhere, we are working to make this transition as seamless as possible for the Caribou community."

Caribou had 610 locations, mostly in the Midwest and Great Plains, at the end of 2012. That number will be trimmed to 486 by 2015, the report said.

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