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(Fruitland Park, FL) Just 30 U.S. retail companies lost over $5.0 billion to shoplifting and employee theft in 2001, with only 3.45 percent of those losses resulting in a recovery, according to the Fourteenth (14th) Annual Retail Theft Survey conducted by Jack L. Hayes International, the leading loss prevention and inventory shrinkage control consulting firm. (Horsham, PA) The United States continues to be the global leader of online purchasing and spending, according to Taylor Nelson Sofres (TNS) Interactive's third annual Global e-commerce Report (GeR) released on June 26, 2002. (Jackson, MI) Jacobson Stores Inc. announced that it plans to file a motion to pursue a dual path in its bankruptcy proceedings. (Lexington, MA) The Stride Rite Corporation today announced that Pamela Salkovitz has been named President of Stride Rite's Children Group division. (Birmingham, AL) Retailer Saks Incorporated today announced an agreement with Kikomo, Ltd., a holding company for several brands, to license the "Ruff Hewn" trademark for exclusive use in a wide range of product categories. (Washington and Chicago) In 2001, fully 56 percent of retailers reported profitable online operations, up from 43 percent in 2000, according to "The State of Retailing Online 5.0," a Shop.org annual study conducted by The Boston Consulting Group with market-sizing data supplied by Forrester Research. (Bloomfield, CO) Abacus, a division of DoubleClick Inc., the leading data and research provider to the direct-marketing industry, has released its Spring Catalog Industry Trend Report, which reveals that catalog sales held steady while online transactions continued to increase year-over-year. In addition, the data found that online buyers accounted for the highest percentage of sales in high-ticket, outdoor/leisure oriented product categories. (Dodgeville, WI) Lands' End's newly formed Licensing division and Major League Baseball Properties have reached a licensing agreement to produce an exclusive line of high quality, affordably priced licensed apparel. (Floral Park, NY) The following retailers posted sales results for the month of May 2002. (Oshkosh, WI) OshKosh B'Gosh, Inc., today announced its plans to begin selling the Company's portfolio of brands, OshKosh B'Gosh, Genuine Girl and Genuine Blues along with licensed products to Mervyn's department stores, a division of Target Corporation. (Oshkosh, WI) OshKosh B'Gosh, Inc., today announced that Mike Wachtel, Executive Vice President and Chief Operating Officer, died May 25, 2002, following a long battle with cancer. Mr. Wachtel was 48 at the time of his death. |
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