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Finance & Capital Management

  • Judge allows lawsuit vs. Target to continue

    A federal judge has ruled that customers suing Target for last year’s data breach may move forward with their claims.

    U.S. District Judge Paul Magnuson in St. Paul, Minn., dismissed claims by plaintiffs in certain states but largely denied Target's request to toss out the proposed class action lawsuit.

    Magnuson rejected Target's argument that the consumers lacked standing to sue because they could not establish any injury.

  • It's an omnichannel holiday for CVS customers

    CVS has developed an omnichannel strategy for this holiday season that focuses on targeting customers online, on mobile and in stores.

    Consumers can follow @CVS_Extra on Twitter to learn about upcoming promotions and ways to win a variety of gift items through special contests. Additional holiday savings and tips can be found on the CVS Facebook page.

  • Albertson’s and Safeway to sell 146 stores to Haggen

    Boise, Idaho – As part of divestures to receive FTC clearance of their proposed January 2015 merger, AB Acquisitions Inc. (Albertsons) and Safeway Inc. will sell 146 stores to Pacific Northwest grocery chain Haggen. With this acquisition, which remains subject to FTC approval, Haggen will expand from 18 stores with 16 pharmacies to 164 stores with 106 pharmacies.

  • U.K. retailer Poundworld launching IT overhaul with PCMS

    Normanton, U.K. – U.K.-based discount retailer Poundworld is embarking on an IT overhaul with global retail IT services provider PCMS to support its long-term growth plans. The 10-month project will see Poundworld implement a range of new IT systems to improve customer experience, efficiency and store management.   

  • Belk extends eBay partnership

    Belk Inc. has renewed its agreement with eBay Enterprise to manage multi-site customer support.

    Belk first partnered with eBay Enterprise in 2008 with the launch of Belk.com. Since then, Belk has increased its online business significantly and eBay Enterprise has continued to support that growth by providing customer sales and service solutions through various contact channels.

  • Gap appoints digital exec as new CEO

    Gap has appointed a new CEO. Art Peck, currently president of the company’s growth, innovation and digital division, will succeed Glenn Murphy as the company’s next executive chief, effective Feb. 1, 2015.

    The company said that after seven years in his role, Murphy made the personal decision to leave the company at the end of the fiscal year. Under Murphy’s stewardship, the company acquired new brands and globalized its business by expanding store locations from 10 to 50 countries, including China.

  • Mexx to close all Canadian stores,ops

    Amsterdam, Netherlands – Dutch specialty fashion retailer Mexx, which operates 800 stores across 55 countries, has retained Gordon Brothers Group and Hilco Merchant Resources to begin going-out-of-business sales at all Mexx retail locations throughout Canada. Mexx currently operates 95 retail locations across Canada.    

  • Appliance Recycling Centers names new CFO

    Minneapolis – Appliance Recycling Centers of America Inc. (ARCA) has named Jeffery Ostapeic as the company's CFO. Ostapeic is a certified public accountant and served most recently as an audit partner with Grant Thornton LLP, an international accounting firm.   
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