Watch CBSN Live

Retail Roundup: Clorox wins Green Game, Sears Hires New CFO, and More

Clorox execs seeing green in more ways than one -- After only eight months on store shelves, Clorox's Green Works line has proven itself as something of a role model in the retail industry. The line is on track to generate first-year sales of more than $40 million, and the brand is already outselling its competitors. Analysts say Green Works exemplifies how a big consumer-products corporation can not only enter the green market but help it grow. [Source: San Francisco Chronicle]

Sears brings new CFO on board -- As Sears, once the world's largest retailer, struggles to keep its head above water, Michael Collins joins the company as its new CFO. He is set to replace J. Miles Reidy, who cited family issues as the reason for his exit, at the end of the 2008 fiscal year. Fresh faces are nothing new around Sears headquarters; this is the third consecutive year the company has been forced to replace its CFO. [Source:]

eDeals ready to expand to U.S. -- With 180 rewards Web sites to its name, eDeals UK is ready to make the hop across the pond and expand into the U.S. The company, which operates loyalty sites for more than 60 companies under the name Cashback Partners, is looking to operates in the States after the holidays. "The more people talk about how bad the economy is, the better we do," said Marketing Manager Nadeem Azam. The network of Web sites offers shoppers cash rewards on Internet purchases from move than 1,400 retailers. [Source: internetretailer]

Hilfiger looks to expand in India --- While U.S. consumers are cutting spending on clothing, retail giants like Tommy Hilfiger are focusing their expansions elsewhere. Hilfiger plans to have 40 outlets in India by 2009, up from the 30 it has opened since 2004. The brand has been successful since it put down its roots in India four years ago, and TH Apparel India CEO Shailesh Chaturvedia said the brand is at a phase where it understands the needs of Indian consumers. [Source: Yahoo News India]

View CBS News In
CBS News App Open
Chrome Safari Continue
Be the first to know
Get browser notifications for breaking news, live events, and exclusive reporting.