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Consumer Affairs & Relations

  • David’s Bridal CEO steps down; replaced by former Gap head

    Photo: Paul Pressler   The CEO of David's Bridal is out after three years on the job.    The specialty retailer said Pam Wallack has left the company, but gave no reason for her departure, the Associated Press reported. Wallack will be replaced by David’s Bridal chairman and former Gap Inc. head Paul Pressler, who once worked with her at Gap.          

  • Loss widens for specialty apparel retailer

    Christopher & Banks Corp.’s loss widened in its second quarter amid soft sales its outlet channel and a temporary shutdown of its e-commerce site.   The company reported a net loss of $3.9 million, or a $0.11 loss per share, compared to a net loss for the prior year period of $0.7 million, or a $0.02 loss per share. Same-store sales decreased 5.8%, compared to a 12.4% decrease in the same period last year.  

  • Toys ‘R’ Us promotes chief merchant to president

    Toys "R" Us announced the appointment of Melanie Teed-Murch as president, Toys "R" Us, Canada, effective Sept. 1.       Teed-Murch joined the retailer in 1996 as a store manager for Toys "R" Us in Kitchener, Ontario. She went on to hold a variety of senior leadership, merchandising and operational roles with increasing responsibility, including her most recent position as Canada's chief merchant.  

  • Unlikely allies: Obama and Walmart

    In a scenario that few could have predicted, Walmart has emerged as one of President Obama’s most reliable corporate allies, a partner that has backed the White House on more than a dozen initiatives, including Obamacare and climate change, bloomberg.com reported.  

  • Tanger hits the NASCAR track with car sponsorship

    Tanger Outlets is putting its pedal to the metal marketing-wise, signing on as lead sponsor of Martin Truex Jr.’s No. 78 NASCAR racer and his Furniture Row Racing Team.   The striking red-and-black Tanger Toyota will debut at the Federated Auto Parts 400 on September 10 at Richmond International Raceway in Virginia before motoring on through the 10-race Chase  playoff series.  

  • Unexpected drop for Signet Jewelers

    Signet Jewelers Ltd. reported its first drop in same-store sales in six years in its second quarter as the company continues to deal with rumors that it swapped expensive diamonds for cheaper stones.   Signet, whose banners include Zale, Kay Jewelers and Jared, posted a 2.3% drop in same-store sales in the quarter ended July 30. Wall Street analysts had expected a slight increase.   Net sales fell 2.6% to $1.37 billion.  

  • Dollar General Q2 sales fall short

    Dollar General Corp. reported lower-than-expected revenue for the second quarter amid increasing competition and reduced food stamp coverage.   The company’s net income was $306.52 million, or $1.08 per share, in the quarter, compared to net income of $282.35 million, or $0.95 per share, in the year-ago period.   Net sales increased 5.8% to $5.39 billion, compared to $5.10 billion last year.   

  • What’s happening in Vegas is staying downtown

    Detroit is not the only town that spent the past few decades building outward before looking inward. In June, the Las Vegas City Council approved a master plan for its Downtown district, focusing on both historic attractions and new development to drive more traffic there.

    To make it happen, it hired RTKL, an architecture and urban design firm whose completed projects include Mirdif City Centre in Dubai and L.A. Live. Its plan calls for the establishment of a tech business center, expansion of its health care services and at least 5,000 new residents.

  • PetSmart in pet relief effort

    PetSmart is reaching out to help pets stranded by the Louisiana floods   The chain and its charitable nonprofit arm, PetSmart Charities, are coming to the aid of hundreds of animals left homeless by the Louisiana floods, which is being called the worst natural disaster to hit the United States since Hurricane Sandy.  

  • Office Depot on the hunt for a CEO

    Office Depot has joined Staples in the search for a new chief executive.   Office Depot announced Monday that Roland Smith plans to retire as CEO of the company.  In June, Staples CEO Ron Sargent stepped down and the chain is still looking for a successor. The resignations come several months after the merger between the two retailers was dropped over antitrust concerns.  
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