Content about chairman , president and chief executive officer

January 28, 2013
Macy's realigns exec team on CAO's retirement

Macy's has assigned additional responsibilities to several of its executives following the retirement of Thomas Cole, chief administrative officer, who is leaving the company in May after 41 years of service.

CINCINNATI — Macy's has assigned additional responsibilities to several of its executives following the retirement of Thomas Cole, chief administrative officer, who is leaving the company in May after 41 years of service.

Cole's responsibilities have been re-assigned as follows:

December 5, 2012
Starbucks’ cup will runneth over

If you thought Starbucks was everywhere already, wait a few years, as the company has announced plans to open 3,000 more stores in the Americas alone in the next five years.

NEW YORK — If you thought Starbucks was everywhere already, wait a few years, as the company has announced plans to open 3,000 more stores in the Americas alone in the next five years.

Senior executives at the company outlined details of its growth agenda across its global retail, emerging brands and CPG channels at its biennial investor conference this week.

July 10, 2012
Target, Neiman Marcus design a new kind of partnership

Target and Neiman Marcus have joined forces for a unique partnership that will bring a limited-edition holiday collection to both stores beginning Dec. 1. The collection will also be available online at Target.com and NeimanMarcus.com.

MINNEAPOLIS and DALLAS — Target and Neiman Marcus have joined forces for a unique partnership that will bring a limited-edition holiday collection to both stores beginning Dec. 1. The collection will also be available online at Target.com and NeimanMarcus.com.

February 2, 2012
Sachse takes on new role at Macy's

Macy’s Inc. announced that Peter Sachse, the company's chief marketing officer and chairman of Macys.com, will succeed Ron Klein as chief stores officer, effective Feb. 13.

CINCINNATI — Macy’s Inc. announced that Peter Sachse, the company's chief marketing officer and chairman of Macys.com, will succeed Ron Klein as chief stores officer, effective Feb. 13. Klein will retire from Macy's effective March 31, after 36 years with the company. 

October 6, 2011
JCPenney last in race with Macy's, Kohl's

While Kohl’s and Macy’s posted September sales growth, JCPenney had to scale its outlook back after a weaker than expected month.

MENOMONEE FALLS, Wis. PLANO, Texas and CINCINNATI – While Kohl’s and Macy’s posted September sales growth, JCPenney had to scale its outlook back after a weaker than expected month.

Kohl’s reported that sales for September increased 5.8% and comparable-store sales increased 4.1% over the same period last year. 

September 26, 2011
Macy's boosts seasonal hiring in anticipation of holiday sales

While research groups are predicting various results for holiday spending, such retailers as Macy's Inc. are hoping that expectations for increased spending will prove to be right and are boosting seasonal hiring in preparation.

CINCINNATI — While research groups are predicting various results for holiday spending, such retailers as Macy's Inc. are hoping that expectations for increased spending will prove to be right and are boosting seasonal hiring in preparation. Macy’s Inc. said it plans to hire approximately 78,000 seasonal associates for its Macy’s and Bloomingdale’s stores, call centers, distribution centers and online fulfillment centers nationwide for the 2011 holiday season.

January 14, 2011
CMO to oversee Target's Canadian venture

Target announced that its chief marketing officer, Michael Francis, will serve as the executive committee sponsor of Target’s entrance into the Canadian market. In this role, Francis will oversee the extension of Target’s brand as part of the corporation’s first-ever expansion of its stores beyond the United States, the company reported.

MINNEAPOLIS  —Target announced that its chief marketing officer, Michael Francis, will serve as the executive committee sponsor of Target’s entrance into the Canadian market.  In this role, Francis will oversee the extension of Target’s brand as part of the corporation’s first-ever expansion of its stores beyond the United States, the company reported. 

January 13, 2011
Target sets sights on Canada

Just days after announcing 2011 U.S. expansion plans, Target announced an acquisition in Canada that will enable it to open between 100 and 150 stores during the next four years.

MINNEAPOLIS - Just days after announcing 2011 U.S. expansion plans, Target announced an acquisition in Canada that will enable it to open between 100 and 150 stores during the next four years. The company announced that it has agreed to pay C$1.825 billion to purchase from Zellers Inc., a subsidiary of the Hudson's Bay Company, the leasehold interests in up to 220 sites currently operated by Zellers Inc. This transaction will allow Target to open its first Target stores in Canada beginning in 2013. 

January 4, 2011
Macy's growing e-commerce, adding jobs

Macy's Inc. has announced a series of organizational expansions, totaling approximately 725 new positions over the next two years, to support the growth of macys.com and bloomingdales.com.

CINCINNATI - Macy's Inc. has announced a series of organizational expansions, totaling approximately 725 new positions over the next two years, to support the growth of macys.com and bloomingdales.com. 

December 9, 2010
Target outlines sustainability goals

MINNEAPOLIS - Target announced its commitment to sustainability and outlined goals it hopes to achieve over the next five years. Target's commitments to environmental sustainability, along with more on Target's sustainability efforts, are available at hereforgood.target.com/environment, the company reported.

December 7, 2010
Target outlines sustainability goals

Target announced its commitment to sustainability and outlined goals it hopes to achieve over the...

November 28, 2010
Exec promotions announced at Kohl's

Kohl’s has announced the promotions of the following four executives: Don Brennan to chief merchandising...

November 9, 2010
Macy's Inc. sees 3Q improvement, raises outlook

Macy’s Inc. reported that earnings were 2 cents per diluted share for the third quarter...

September 1, 2010
Target August sales up 3.4%

Target reported that its net retail sales for the four weeks ended Aug. 28 were...

June 2, 2010
Target May comps disappoint

Target reported that its net retail sales for the four weeks ended May 29 were...

June 2, 2010
Target to offer Redcard holders an additional 5% off at check-out

Target announced that beginning this fall guests will receive 5% off at check-out every day...