Verizon Wireless and Jennifer Lopez teamed up Wednesday to launch Viva Movil, a new brand of cellphone retail store that will target Latino customers. The brand launched its website and a Facebook shopping app Wednesday and will roll out physical retail stores in the next few weeks. The first few stores will launch in Los Angeles, Miami and New York. The stores will be staffed with biligual employees, but the phones and plans sold by Viva Movil are the same as Verizon's. Customers can purchase the iPhone 5, Galaxy S 4 and the BlackBerry Z10.
Menomonee Falls, Wis. -- Kohl’s Corp. reported Thursday that profit for the quarter ended Oct. 29 rose 20% to $211 million, compared with $176 million in the year-ago period. The retailer cited cost cuts and strong demand for exclusive brands for the strong performance, which matched Wall Street expectations. “The launch of our Jennifer Lopez and Marc Anthony brands during the quarter met our aggressive sales plans,” said Kevin Mansell, Kohl’s president and CEO. “We expect our collection of powerful brands supported by significant marketing investments, especially in broadcast and digital media, to deliver a strong holiday season.” Revenue
MENOMONEE FALLS, Wis. — Jennifer Lopez' and Marc Anthony's split had little impact on sales of their respective brands at Kohl's, which reported its third-quarter results Thursday. According to Kevin Mansell, Kohl’s chairman, president and CEO, "the launch of [the] Jennifer Lopez and Mark Anthony brands during the quarter met [the company's] aggressive sales plans." Kohl’s reported third quarter diluted earnings per share increased 40% to 80 cents. Net income for the quarter increased 20% to $211 million, compared with $176 million (57 cents per diluted share) a year ago. Net sales were $4.4 billion, an increase of 3.8%
Kohl's is celebrating the grand opening of 30 new stores, bringing approximately 4,000 new jobs across 20 states. “We are pleased to be in a position to create thousands of jobs, as Kohl’s continues to focus on growing market share in a challenging economy,” said Kevin Mansell, Kohl's chairman, president and chief executive officer.
New York City -- Macy’s reported that its same-store sales rose 5% in August, beating estimates. The retailer said sales would have been higher by 1.5% points without the impact of Hurricane Irene. Industry analysts had warned that the storm would impact department stores and specialty retailers the most as consumers focused on buying generators and other emergency and recovery items versus back-to-school and discretionary products. Macy’s said that its sales also were hurt by about 130 Irene-related store closings, But the chain said sales over the past three days have been strong and it expects Irene’s negative effect
Jennifer Lopez's representatives confirmed the singer/actress remains committed to launching a clothing line at Kohl's with soon-to-be ex-husband Marc Anthony. Lopez's publicist Mark Young said the launch in September "will proceed as planned." Young called the Lopez line "distinctive" and said it represents style in an accessible way.