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Business

  • Penney’s board unchanged despite losses
    Ron Johnson’s job at J.C. Penney Co. ended after his attempt to overhaul the retailer wiped out a quarter of its sales and about half of its market value. The board members who hired him are staying.
  • GM shares crack 2-year high
    Shares of General Motors reached an important milestone on Friday, closing above their initial public offering price of $33 for the first time in more than two years. GM shares reached $33.
  • Area’s jobs outlook better
    State unemployment dipped in April – and metro Fort Wayne did its part.The region had fewer people without work and the jobless rate retreated to 7.6 percent from 8.
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Vera Bradley to sell baby apparel, accessories

After 31 years, Vera Bradley is expecting.

The handbag maker is planning to sell baby apparel and accessories, according to a sneak peak on the company’s website. The company promises to unveil the new product line March 14.

In January, Vera Bradley stores were named the fastest-growing retailer in 2012 by RetailSails, a research and consulting firm in New York.

Founded in 1982, Vera Bradley was the brainchild of friends Patricia Miller and Barbara Baekgaard. Besides quilted cotton handbags, the company is known for female luggage, accessories and home-décor items.

The company joined Wall Street with an initial public offering of stock in October 2010. Shares are traded on the Nasdaq.

pwyche@jg.net

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