Content about Economy of the United States

October 31, 2014

A man behind some of America’s favorite brands will receive the Lifetime Achievement Award from Chief Executive magazine.  Leslie H. Wexner, chairman and CEO of L Brands will be honored at the CEO2CEO Summit conference, Dec. 4, 2014, at the New York Stock Exchange.

A man behind some of America’s favorite brands will receive the Lifetime Achievement Award from Chief Executive magazine.  Leslie H. Wexner, chairman and CEO of L Brands will be honored at the CEO2CEO Summit conference, Dec. 4, 2014, at the New York Stock Exchange.

October 31, 2014

Dollar General has extended the deadline for Family Dollar shareholders to approve a buyout deal while it continues to recommend a “no” vote on a competing proposal from Dollar Tree.

Dollar General has extended the deadline for Family Dollar shareholders to approve a buyout deal while it continues to recommend a “no” vote on a competing proposal from Dollar Tree.

October 30, 2014

Specialty retailer Tile Shop announced a senior leadership transition involving long time CEO Robert Rucker and current COO Chris Homeister.

Specialty retailer Tile Shop announced a senior leadership transition involving long time CEO Robert Rucker and current COO Chris Homeister.

The company said Homeister, a former Best Buy merchant who joined Minneapolis-based Tile Shop a year ago, would be elevated to the role of CEO effective Jan. 1. He replaces current CEO Robert Rucker who founded the company 29 years ago. Rucker will remain with the company on a full time basis until Aug. 1, 2015 as an advisor and board member.

October 30, 2014

Meg Ham has been designated as president of Food Lion, succeeding Beth Newlands Campbell, who is leaving the company for personal and professional reasons.

Meg Ham has been designated as president of Food Lion, succeeding Beth Newlands Campbell, who is leaving the company for personal and professional reasons.

Ham will continue to report to Kevin Holt, CEO of Delhaize America and lead all Food Lion banner operations, including strategic direction, financial performance, product assortment, pricing, customer service and marketing.  

October 30, 2014

Digital retailer QVC is adding new in-app features that allow customers to make easy and quick purchases with just a touch of their finger. 

Digital retailer QVC is adding new in-app features that allow customers to make easy and quick purchases with just a touch of their finger. 

Using Apple’s fingerprint sensor technology, Touch ID, the QVC for iPhone app now gives customers the option to log in to their QVC accounts on all iOS 8-enabled iPhone 5S, 6 and 6+ mobile devices using only their fingertip for authentication.   

October 30, 2014

Veteran Walmart store planner Jay Mitchael is a featured speaker at an upcoming event organized by Doing Business in Bentonville.

Veteran Walmart store planner Jay Mitchael is a featured speaker at an upcoming event organized by Doing Business in Bentonville.

Mitchael, vp of store layout and space productivity at Walmart, is scheduled to speak Thursday, Nov. 13 at the Doing Business in Bentonville event which runs from 7 a.m. to 9 a.m. in Rogers, Ark. Among the topics the organization said he will address are changes in store design, current prototype rollout and something called the space capture project.

October 30, 2014

Walmart’s Japanese subsidiary Seiyu plans to close 30 stores and remodel 50 others next year in an effort to strengthen its every day low price strategy.

Walmart’s Japanese subsidiary Seiyu plans to close 30 stores and remodel 50 others next year in an effort to strengthen its every day low price strategy.

October 29, 2014

America’s most affluent prefer Nordstrom’s brand of omnichannel retail over some of the biggest luxury retailers out there, according to a new study.

America’s most affluent prefer Nordstrom’s brand of omnichannel retail over some of the biggest luxury retailers out there, according to a new study.

An organization called the Luxury Institute released findings from its 2015 Luxury Multichannel Engagement Index (LMEI) survey of large multi-brand retailers. Responders had a minimum annual income of $150,000, an average annual income of $318,000 and an average net worth of $3.1 million.

October 29, 2014

Office Depot, Inc. is continuing its holiday initiatives.

Office Depot, Inc. is continuing its holiday initiatives.  The merchant, formed by the merger of Office Depot and OfficeMax, has announced its “Your Holiday Workshop” campaign being kicked off across all store locations and online on Nov. 2. 

To address the volume of early shoppers, Office Depot and OfficeMax will unveil exclusive daily and weekly product deals from its most popular shopping categories including technology, printers, and furniture alongside other business and home office supplies.

October 28, 2014

Sears and Amazon.com both recently came under fire for allowing rings decorated with the Nazi swastika symbol to be posted for sale on their third-party seller sites.

Sears and Amazon.com both recently came under fire for allowing rings decorated with the Nazi swastika symbol to be posted for sale on their third-party seller sites. While both retailers quickly pulled the items down and issued public apologies, they received a large amount of negative publicity and surely damaged their brand image with many offended customers, perhaps to the point of permanently losing some of them.

October 28, 2014

With a title like “Call of Duty: Advanced Warfare,” Walmart’s strategy to sell the popular game a day early, host in-store events and unveil a new used game assortment at 1,700 locations seems appropriately aggressive.

With a title like “Call of Duty: Advanced Warfare,” Walmart’s strategy to sell the popular game a day early, host in-store events and unveil a new used game assortment at 1,700 locations seems appropriately aggressive.

October 27, 2014

>Amazon Fashion celebrated the next generation of gifted fashion designers and industry creatives in its Studio Sessions Competition in Williamsburg, Brooklyn.

Amazon Fashion celebrated the next generation of gifted fashion designers and industry creatives in its Studio Sessions Competition in Williamsburg, Brooklyn.  The event brought together students from five participated schools – Fashion Institute of Technology, LIM College, Parsons School for the New Design, Pratt Institute and the School of Visual Arts.

October 27, 2014

Home improvement in New York is in for a new look in 2015 when Lowe’s opens two tiny stores in Manhattan.

Home improvement in New York is in for a new look in 2015 when Lowe’s opens two tiny stores in Manhattan.

Lowe's is coming to Manhattan to bring homeowners, renters and professional customers the products and services they need to maintain and improve their homes and businesses, the company said. Its two stores are slated to open in the second half of 2015 at 2008 Broadway at West 68th Street and 635 6th Avenue at West 19th Street.

October 27, 2014

Cowen Group, Inc. has designated Oliver Chen as a Managing Director in the company’s Equity Research department focused on key retail sectors.

Cowen Group, Inc. has designated Oliver Chen as a Managing Director in the company’s Equity Research department focused on key retail sectors.

In his new role, Chen covers specialty retail, broadlines and department stores, and luxury stocks.  Chen is based in New York and reports to Robert Fagin, Cowen’s Director of Research. 

October 24, 2014

First it was pet care and now Procter & Gamble is exiting the battery business by shedding the Duracell brand as part of a strategy to focus and strengthen its core portfolio.

First it was pet care and now Procter & Gamble is exiting the battery business by shedding the Duracell brand as part of a strategy to focus and strengthen its core portfolio.

The announcement was made in conjunction with the release of first quarter results that saw sales increase 2% to $20.8 billion and earnings per share increase 2% to $1.07 or 9% when adjusted for foreign exchange effects.

October 24, 2014

3D Systems Corporation appointed Peter Theran as vp consumer retail to lead the expansion of the company's consumer products into new retail markets.

3D Systems Corporation appointed Peter Theran as vp consumer retail to lead the expansion of the company's consumer products into new retail markets. Theran’s charter is to broaden the reach and penetration of 3DS' latest consumer products, services and experiences including its Cube 3 and CubePro printers and its expanding portfolio of perceptual devices and online Cubify experiences.

October 23, 2014

Wall Street has tolerated Amazon’s excesses for a long time, but a much larger than expected third quarter loss and tepid fourth quarter outlook was more than the company’s most ardent supporters could stomach.

Wall Street has tolerated Amazon’s excesses for a long time, but a much larger than expected third quarter loss and tepid fourth quarter outlook was more than the company’s most ardent supporters could stomach.

October 23, 2014

Walmart SVP of creative Andy Murray unveiled a new shopper marketing framework in which the retailer envisions a 17 point “retail moment of truth” customer journey at the Path to Purchase Institute’s annual Shopper Marketing Conference & Expo in Minneapolis.

Walmart SVP of creative Andy Murray unveiled a new shopper marketing framework in which the retailer envisions a 17 point “retail moment of truth” customer journey at the Path to Purchase Institute’s annual Shopper Marketing Conference & Expo in Minneapolis.

October 23, 2014

John Spina, Walgreens corporate VP expense optimization, and Don Huonker, Walgreens chief operational risk officer, will retire from the company effective Oct. 31.

October 23, 2014

When it comes to strategy, leadership and collaboration, Walmart was among the top tier companies in the inaugural Best Retailers to Work With report.

When it comes to strategy, leadership and collaboration, Walmart was among the top tier companies in the inaugural Best Retailers to Work With report.

October 22, 2014

Dollar General is already one of the nation’s fastest growing retailers and it could get even bigger a lot faster – with major implications for trading partners and competitors – if it prevails in its efforts to acquire Family Dollar.

Dollar General is already one of the nation’s fastest growing retailers and it could get even bigger a lot faster – with major implications for trading partners and competitors – if it prevails in its efforts to acquire Family Dollar.

October 22, 2014

The Emerson Group, a consumer products equity organization, announced the addition of Stephanie Gregg to the company.

The Emerson Group, a consumer products equity organization, announced the addition of Stephanie Gregg to the company.

Gregg joins Emerson from Insight Pharmaceuticals, where she served as director of sales for mass and dollar channels for nine years. Most recently at Insight, she worked with Emerson Group’s Walmart, Target and Dollar teams providing strategic direction, developing and implementing joint business plans, and directing an internal cross-functional team, while providing analytical support to deliver business results, Emerson said.
 

October 22, 2014

Family Dollar Stores on Tuesday announced that it has certified substantial compliance with both the Federal Trade Commission’s second request regarding the acquisition by Dollar Tree, as well as the second request regarding Dollar General's bid for the company.

October 22, 2014

Neiman Marcus once again partnered with POPSUGAR, the leading global media and technology company, to offer the second annual collaborative holiday gift box.

Neiman Marcus once again partnered with POPSUGAR, global media and technology company, to offer the second annual collaborative holiday gift box.  The limited-edition box will feature a curated assortment of beauty, fashion, and home items in time for the holiday gift-giving season.

October 22, 2014

For the first time, Target will offer free shipping on all Target.com orders for the holidays, through Dec. 20.

For the first time, Target will offer free shipping on all Target.com orders for the holidays, through Dec. 20. In addition, more than 65,000 items are now available for store pickup on Target.com and 80% of orders are fulfilled within one hour.