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TJX Buys Sierra Trading Post for $200 Million

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Framingham, MA—In a move to bolster its online business, TJX Companies has acquired online outdoor clothing, footwear and accessories retailer Sierra Trading Post for some $200 million. Under the agreement, TJX’s purchase includes Sierra’s office, fulfillment center and photography studios in Cheyenne, Wyoming, its customer call centers in Cheyenne and …

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Survey: Shoppers Eschew Retailers Who Charge for Return Shipping

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Philadelphia–Today marks Free Shipping Day, when some 2,000 retailers offer free shipping by Christmas for online purchases. It’s a service that costly but one that retailers may increasingly be forced to offer to maintain repeat, satisfied customers. In a survey, commissioned by ShopRunner and conducted online by Harris Interactive, 81% …

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Commerce Dept: November Sales Rise 0.3% Just Missing Expectations

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Washington—Superstorm Sandy, which hit the Mid-Atlantic and Northeast in late October  causing extension damage, hurt and helped November retail sales, according to the U.S. Department of Commerce’s monthly retail sales report released today. While noting that it was unable to quantify the effects of Sandy, the Commerce Department said total …

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Lululemon Q3 Profit, Sales Jump, But Predicts Q4 Sales Slowdown

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Vancouver—Lululemon Athletica Inc. today reported a better-than-expected 47% jump in its third quarter profits, but despite impressive gains, the company forecast slower sales for fourth quarter. For the quarter ended Oct. 28, the yoga-wear and accessories specialty store posted net income of $57.3 million, or 39 cents a share, compared …

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Free Shipping, Other Perks Lure More Cyber Monday Shoppers

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Washington–They’ve been lining up for Black Friday deals since midnight—actually even before in many cases this year—but holiday shoppers actually have been lining up online ahead of those lines outside retailer’s doors. According to Shop.org’s eHoliday survey conducted by BIGinsight, 97.3% of online retailers are offering special promotions at some …