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Consumer Affairs & Relations

  • Report: Home Depot data breach class action suit begins Jan. 16

    Atlanta – A class action lawsuit compiling more than 30 of the 44 lawsuits that have been filed against The Home Depot Inc. in relation to its 2014 data breach is scheduled to begin Friday, Jan. 16 in U.S. District Court for the Northern District of Georgia in Atlanta.

    According to the Atlanta Business Chronicle, Chief Judge Thomas W. Thrash Jr. is telling attorneys for both sides to pursue a “just, speedy and inexpensive” resolution.

  • Target Bullseye: Q&A With Brian Cornell on Target’s Exit From Canada

    Brian Cornell, CEO and chairman of Target Corp., used the company’s A Bullseye View blog to discuss Target’s decision to shutter its operations in Canada.

    Does this decision mean that Target is declaring bankruptcy?

  • Toys 'R' Us, Ikea raise nearly $20M for kids

    Holiday sales in 2014 were strong, and enthusiastic shoppers helped Toys “R” Us and Ikea raise nearly $20 million for children's charities.

    The Toys “R” Us annual fundraising campaign to benefit the Marine Toys for Tots Foundation was its most successful to date, raising $6.4 million and collecting more than 220,000 toys.

  • Walmart hooked on fishing sponsorship

    Walmart is supporting a trio of professional anglers on the competitive fishing circuit this year in an ongoing effort to align itself with sport that resonates with the retailer’s core customers.

    The roster of talent Walmart is supporting this year includes 16 year Walmart FLW Tour veteran Mark Rose, 18 year veteran David Dudley and newcomer Nicole Jacobs.

  • Dollar General threatens lawsuit in Family Dollar bid

    Dollar General issued a statement Thursday indicating the company is having trouble winning support from the Federal Trade Commission on a $9.1 billion bid for Family Dollar Stores.

    Dollar General said it would “defend litigation” if necessary.

    The statement could give new momentum to Dollar Tree's $8.5 billion cash and stock competing bid for Family Dollar. Meanwhile, two proxy investment firms have switched their recommendation for Family Dollar shareholders to accept the Dollar Tree offer, rather than the bid from Dollar General.

  • PetSmart considered buying rival chain

    Phoenix – PetSmart Inc. considered but ultimately rejected attempting to buy an unidentified, privately held pet retail chain before agreeing to an $8.7 billion sale in December 2014. In an SEC filing, PetSmart disclosed it decided against the purchase after determining there could be competitive and antitrust issues.

    PetSmart also said 27 potential buyers showed interest in purchasing the company between August and October 2014, before PetSmart formally launched a bidding process.

  • Jo-Ann gets crafty with teacher discounts

    Jo-Ann Fabric and Craft Stores is targeting customers in the education field with a special promotion and discount.

    The fabric and craft specialty retailer will be having a Teacher Appreciation Days savings event Jan. 17-19. All qualifying teachers will be able to take advantage of significant savings on a wide variety of craft supplies and classroom decor items. Teachers will receive 25% off all purchases throughout the event.

  • Staples CEO passes on pay increase as board evolves

    Staples didn’t have a great year, so Chairman and CEO Ron Sargent won’t accept a $31,000 base pay raise the board of directors had previously approved.

    The company announced that Sargent would not accept the 2.5% pay increase, along with several noteworthy governance moves, including the appointment of an independent chair when Sargent retires.

    In other board moves, current director and former Toys “R” Us CEO Robert Nakasone is relinquishing his seat to make room for a Google executive.

  • RadioShack offered $500 million loan from Salus Capital

    New York -- RadioShack could receive another dose of life support. According to a report by the Wall Street Journal, Salus Capital Partners has offered to provide $500 million to RadioShack Corp. in a kind of debtor-in-possession loan used by companies to fund operations in bankruptcy.

  • Fresh Market CEO out, company seeks new leadership

    The Fresh Market is heading into the new year with fresh leadership changes at the top.

    The specialty grocery retailer announced that Craig Carlk, president and CEO, and a member of the board of directors, has left the company and has resigned as a member of the board.

    The board has appointed Sean Crane, executive VP and COO, as interim CEO while the company evaluates candidates to replace Carlock.

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