Content about retail

July 24, 2014

Rite Aid has appointed former Roundy’s executive Darren Karst as EVP and CFO, effective Aug. 20, to succeed Frank Vitrano, who has announced he will retire in Sept. 2015. Karst will report to Rite Aid’s chairman and CEO John Standley.

Rite Aid has appointed former Roundy’s executive Darren Karst as EVP and CFO, effective Aug. 20, to succeed Frank Vitrano, who has announced he will retire in Sept. 2015. Karst will report to Rite Aid’s chairman and CEO John Standley.

Karst will be responsible for all aspects of the company’s finance, accounting, treasury, tax, investor relations, legal, risk management, internal assurance and asset protection functions.

July 23, 2014

The National Retail Federation has joined the growing chorus of voices expecting a surge in consumer spending during the next five months to compensate for a weak start to the year.

The National Retail Federation has joined the growing chorus of voices expecting a surge in consumer spending during the next five months to compensate for a weak start to the year.

July 22, 2014

The retail industry is awash with digital innovations, but traditional paid search programs continue to dominate retailers’ digital marketing tactics, according to the 2014 Shop.org/Forrester Research State of Retailing Online study.

The retail industry is awash with digital innovations, but traditional paid search programs continue to dominate retailers’ digital marketing tactics, according to the 2014 Shop.org/Forrester Research State of Retailing Online study.

July 22, 2014

Sears Outlet Stores, a subsidiary of Sears Hometown and Outlet Stores, has leased the former Sears location on E Front Street, expanding Outlet Store operations and services, while offering an economic boost with mass job creation.

Sears Outlet Stores, a subsidiary of Sears Hometown and Outlet Stores, has leased the former Sears location on E Front Street, expanding Outlet Store operations and services, while offering an economic boost with mass job creation.

July 21, 2014

Former CVS, Macys and Sears executive Mark Cosby has a new role at Office Depot where he will serve as president of the company’s North American business.

Former CVS, Macys and Sears executive Mark Cosby has a new role at Office Depot where he will serve as president of the company’s North American business.

July 21, 2014

Tantrum Street has added Roman Kikta, managing partner and founder of Mobility Ventures, to its board, where he will provide strategic guidance for the retail technology startup as it rolls out its Cartwheel Register mobile checkout app and Skip Wallet digital wallet app to the North American market.

Tantrum Street has added Roman Kikta, managing partner and founder of Mobility Ventures, to its board, where he will provide strategic guidance for the retail technology startup as it rolls out its Cartwheel Register mobile checkout app and Skip Wallet digital wallet app to the North American market.

July 21, 2014

Imagine a lifelong Procter & Gamble employee suddenly named CEO of Walmart and that is essentially what happened at leading global retail Tesco where the company has named long time Unilever executive Dave Lewis as its next CEO.

Imagine a lifelong Procter & Gamble employee suddenly named CEO of Walmart and that is essentially what happened at leading global retail Tesco where the company has named long time Unilever executive Dave Lewis as its next CEO.

July 18, 2014

VF Corp., the company behind popular brands such as The North Face, Timberland and Wrangler, relied on the strength of its 1,300 unit retail operation to drive sales during the second quarter.

VF Corp., the company behind popular brands such as The North Face, Timberland and Wrangler, relied on the strength of its 1,300 unit retail operation to drive sales during the second quarter.

July 17, 2014

Families this summer will spend slightly more on back-to-school items than they did in 2013. According to NRF’s 2014 Back-to-School Survey conducted by Prosper Insights & Analytics, the average family with children in grades K-12 will spend $669.28 on apparel, shoes, supplies and electronics, up 5% from $634.78 in 2013.

Families this summer will spend slightly more on back-to-school items than they did in 2013. According to NRF’s 2014 Back-to-School Survey conducted by Prosper Insights & Analytics, the average family with children in grades K-12 will spend $669.28 on apparel, shoes, supplies and electronics, up 5% from $634.78 in 2013.

July 17, 2014

Loblaw’s board of directors has named executive chairman Galen G. Weston as president, effective immediately. Thomas O'Neill, lead independent director, confirmed the appointment as part of a series of management changes at the company.

Loblaw’s board of directors has named executive chairman Galen G. Weston as president, effective immediately. Thomas O'Neill, lead independent director, confirmed the appointment as part of a series of management changes at the company.

As executive chairman, Weston is responsible for setting the strategic direction of the company and leading the board. In assuming the role of president, Weston will also be responsible for the execution of the company's strategy, leadership of the management team and its overall business performance.

July 16, 2014

The concept of “programmatic shopper marketing” is transforming the ways brands engage with shoppers to drive sales, and creating a new set of skills for marketers to master.

The concept of “programmatic shopper marketing” is transforming the ways brands engage with shoppers to drive sales, and creating a new set of skills for marketers to master.

July 16, 2014

The revelation that IBM and Apple would be working together on a new range of mobile solutions is a huge development in its own right, but the landmark deal also promises to have a wide-ranging impact on the retail industry.

The revelation that IBM and Apple would be working together on a new range of mobile solutions is a huge development in its own right, but the landmark deal also promises to have a wide-ranging impact on the retail industry.

July 15, 2014

Leading footwear manufacturer and retailer Wolverine World Wide plans to close 140 stores in the next 18 months as part of a strategic realignment plan focused on strengthening omnichannel capabilities.

Leading footwear manufacturer and retailer Wolverine World Wide plans to close 140 stores in the next 18 months as part of a strategic realignment plan focused on strengthening omnichannel capabilities.

Most of the stores to be closed operate under the company’s Stride Rite banner. Sixty of the units will close by year end with the remainder to close next year, the company said. The disclosure was made in conjunction with the release of solid financial results for the company’s second quarter ended July 14.

July 15, 2014

Simon, a global leader in retail real estate, has appointed retail and real estate executive Stephen Yalof as CEO of premium outlets and senior EVP of Simon.

Simon, a global leader in retail real estate, has appointed retail and real estate executive Stephen Yalof as CEO of premium outlets and senior EVP of Simon.

Yalof has served as SVP of real estate for Ralph Lauren Corporation since 2002. His 15 years of experience within the retail industry also includes his role as senior director of real estate for Gap. Yalof began his career in real estate under the leadership of Arnold Labich at New Plan Realty Trust, and became VP of leasing for their factory outlet business.  

July 15, 2014

Sears is looking to position itself as the go-to retailer for teens, and to that end has launched an exclusive fashion collection by Seventeen Magazine.

Sears is looking to position itself as the go-to retailer for teens, and to that end has launched an exclusive fashion collection by Seventeen Magazine.

The full collection is available at 450 Sears stores nationwide as well as on Sears.com. Shop Your Way members and customers can shop the collection, enter sweepstakes and explore exclusive content from Seventeen Magazine at shopyourway.com.

July 15, 2014

Home furnishings retailer West Elm plans to open a new retail store in New Orleans, Louisiana, Thursday, July 24, at 10 a.m. — its first in the state.

Home furnishings retailer West Elm plans to open a new retail store in New Orleans, Louisiana, Thursday, July 24, at 10 a.m. — its first in the state.

July 14, 2014

Three women from Gap’s different brands highlight how they got started in retail, stayed engaged with the business and achieved personal growth in the most recent installment of “This Is Retail” from the National Retail Federation.

Three women from Gap’s different brands highlight how they got started in retail, stayed engaged with the business and achieved personal growth in the most recent installment of “This Is Retail” from the National Retail Federation.

Click here to hear from Attica Jacques, Andrea Shimer and Kendra Maleiro began their careers began and what they are doing now.
 

 

 

July 14, 2014

Three women from Gap’s different brands highlight how they got started in retail, stayed engaged with the business and achieved personal growth in the most recent installment of “This Is Retail” from the National Retail Federation.

Three women from Gap’s different brands highlight how they got started in retail, stayed engaged with the business and achieved personal growth in the most recent installment of “This Is Retail” from the National Retail Federation.

Click here to hear from Attica Jacques, Andrea Shimer and Kendra Maleiro began their careers began and what they are doing now.
 

 

 

July 10, 2014

Kevin Mead, the former SVP, director of stores for the Children's Place, has joined the senior team at Aerosoles as EVP, retail reporting directly to CEO Jules Schneider. Mead will lead the strategic direction, ongoing expansion and operations of Aerosoles retail and outlet locations.

Kevin Mead, the former SVP, director of stores for the Children's Place, has joined the senior team at Aerosoles as EVP, retail reporting directly to CEO Jules Schneider. Mead will lead the strategic direction, ongoing expansion and operations of Aerosoles retail and outlet locations.

Aerosoles has brought in Mead to spearhead for the retail division the company’s growth strategy, following its recent partnership with Palladin Consumer Retail Partners (PCRP). 

July 10, 2014

Leading beauty and grooming e-commerce company Birchbox is preparing to open its first brick-and-mortar store in Manhattan’s SoHo neighborhood.

Leading beauty and grooming e-commerce company Birchbox is preparing to open its first brick-and-mortar store in Manhattan’s SoHo neighborhood.

The store will feature a curated product assortment that includes 2,000 products from 250 brands including Smashbox, Caudalie, Jouer, Supergoop!, Cynthia Rowley, Baxter of California, Lab Series and Art of Shaving. Testers of every product in the store will be available.

July 10, 2014

Sales and marketing services leader Crossmark unveiled a first-of-its-kind collaboration center on July 10 just steps from Walmart’s Bentonville, Arkansas, headquarters. The new facility offers the retailer and its trading partners a wide range of joint business planning, shopper insights and store execution capabilities.

Sales and marketing services leader Crossmark unveiled a first-of-its-kind collaboration center on July 10 just steps from Walmart’s Bentonville, Arkansas, headquarters. The new facility offers the retailer and its trading partners a wide range of joint business planning, shopper insights and store execution capabilities.

July 10, 2014

Retail sales generally improved in June, helped by good weather and big discounts as retailers look to clear inventory for the back-to-school season.

Retail sales generally improved in June, helped by good weather and big discounts as retailers look to clear inventory for the back-to-school season.
 
Costco Wholesale Corp. reported a 6% increase in June same-store sales, helped by higher fuel prices. Its results topped Wall Street estimates.

Excluding the impact of foreign exchange rates and gasoline prices, Costco’s same-store sales increased 6% for the five-week period ended July 6. The metric rose 5% in the United States and 7% overseas.  

July 10, 2014

Steve Mahurin has left Orchard Supply Hardware, where the veteran home improvement merchant and retail industry executive held the title chief retail officer.

Steve Mahurin has left Orchard Supply Hardware, where the veteran home improvement merchant and retail industry executive held the title chief retail officer.

According to the San Jose, Calif.-based retailer, Mahurin’s position was eliminated as the company transitions to a focus on operations and expansion.

July 9, 2014

ECRM compared retail circular advertising in June 2013 versus June 2014 and noted trends occurring across top retail chains. Both Walmart and Toys “R” Us experienced some extreme shifts versus last year.

ECRM compared retail circular advertising in June 2013 versus June 2014 and noted trends occurring across top retail chains. Both Walmart and Toys “R” Us experienced some extreme shifts versus last year. Toys “R” Us did not run any circulars during the month of June, down from two last year. Instead, it ran only web and email promotions. The inverse occurred in January, when it ran no print ads in 2013 and only a single short circular in 2014.

July 9, 2014

Lands’ End plans to leverage San Francisco-based Secret Sauce Partners’ Fit Predictor service to improve the online shopping experience.

Lands’ End plans to leverage San Francisco-based Secret Sauce Partners’ Fit Predictor service to improve the online shopping experience.

Fit Predictor finds a customer's best fit in seconds using existing data, without the need for physical measurements. For new customers without a Landsend.com shopping history, the service can predict the best fit based on the customer's sizing with other brands. The service is currently being utilized with Lands' End dresses, skirts, pants and jeans, as well as knit and woven tops among select customers.