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Lumber Liquidators names chief merchant
TOANO, Va. -- Lumber Liquidators announced that William Schlegel has joined the company as its chief merchandising officer, effective March 14, 2011. In this position, Schlegel will oversee the company's merchandising, replenishment and allocation and global sourcing activities, and will report directly to Robert Lynch, president and COO.
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Target looks to top $100 billion sales mark boosted by Canada stores revenue
New York City -- Target Corp. said its annual sales may top $100 billion within the next seven years, with revenue boosted by its first expansion outside the United States, Bloomberg reported.
The chain also may double earnings per share over that period, CFO Douglas Scovanner said Thursday on a conference call after fourth-quarter results. Net income in the period ended Jan. 29 rose 11% to $1.04 billion.