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  • Nordstrom Rack to open in Temecula, Calif.

    Seattle -- Nordstrom announced plans to open a new Nordstrom Rack in Temecula, Calif.

    The 35,700-sq-ft, store is scheduled to open during spring 2012 at Commons at Temecula, a regional shopping center. It will occupy the former Linens 'n Things space.
     

  • Books-A-Million names general counsel

    Birmingham, Ala. -- Books-A-Million said Thursday it has appointed Tyler Novak as general counsel.

    Novak will be responsible for overseeing all the company's legal affairs, including general corporate legal matters, intellectual property and corporate compliance, and will report to Clyde B. Anderson, chairman and CEO.
     

  • Neiman Marcus debuts first Foursquare challenge

    Dallas -- Neiman Marcus said Thursday it has launched its first-ever foursquare challenge to take place on Oct. 1 in conjunction with the department store retailer’s Shoe & Handbag Event.

  • Departure of former international finance chief a loss for Walmart

    Wan Ling Martello may not have been a household name outside of Walmart, but that doesn’t diminish the significance of her departure from a company eager to achieve a higher degree of diversity among the ranks of its senior executives.

  • DSW ups Western U.S. presence

    Columbus, Ohio -- DSW said Thursday that it opened two new stores on Sept. 28.

    A new store opened at Vintage Oaks Shopping Center in Novato, Calif., and a new store opened the same day in Boise, Idaho, at Franklin Towne Plaza.

     

  • Report: U.S. consumer confidence hits near-record low

    New York City -- A report released Thursday by Bloomberg said that consumer confidence in the United States slumped last week to the second-lowest level on record.

    The Bloomberg Consumer Comfort Index dropped to minus 53 in the period ended Sept. 25 from minus 52.1 the prior week. Similar readings were reached three times in the first half of 2009 and surpassed only by all-time lows of minus 54 plumbed in November 2008 and again in January 2009.

  • Castro-Wright resignation noteworthy, but not a surprise

    Normally, it is a big deal when the vice chairman of a major company announces their retirement. Especially when said executive is only 56 and in the prime of their senior leadership years. That wasn’t the case earlier this week when Walmart announced that Eduardo Castro-Wright would be stepping down as vice chairman and CEO of the company’s global e-commerce and global sourcing businesses.

  • Sears financial exec hired by JPMorgan to develop payment services

    New York City -- JPMorgan said Thursday it has hired Sears Holdings Corp. president of financial services Susan Ehrlich as a senior VP.

    Ehrlich will be charged to help create new payments services for customers, retailers and small businesses.

    Ehrlich managed Sears’s expansion of payment and credit products over a five-year period for the retailer.
     

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