Marketing

The likes of Lowe’s, Home Depot, and Best Buy have a new competitor to deal with—J.C. Penny. "The department store retailer on Monday announced a major expansion into home appliances, as well as two new tests in the home area, one involving Ashley Furniture, and the other national carpet and flooring company Empire Today.

Kip Tindell, chairman and CEO of The Container Store, is giving up his CEO title. He will continue as chairman of the company, which he co-founded in 1978..

A company that achieved global fame for its simple glazed doughnuts has been acquired by the owners of a growing coffee empire. Krispy Kreme Doughnuts has agreed to be acquired by JAB Beech Inc., a unit of German investment firm JAB Holding Company, for about $1.35 billion. The deal, which would take Krispy Kreme private, is the most recent in a string of purchases by JAB Holdings, including its acquisition in late 2015 of single-serve coffee maker Keurig Green Mountain.

New York City-based lifestyle apparel retailer, Nautica, a division of VF Corp., has opened a flagship in Manhattan, in the SoHo neighborhood. The 2,000-sq.-ft. store opening embodies the brand's refreshed marketing and design strategy which celebrates the company’s roots as well as its established nautical heritage.

Michaels Companies will unveil a 26,500-sq.-ft. Pat Catan’s Crafts and Floral store on May 13 – the first opening since Michaels acquired Pat Catan’s parent company earlier this year.

Women now make up the majority of the leadership team at Best Buy, theStar Tribunereported, with the retailer reaching the tipping point in April when it hired Trish Walker from Accenture as president of services. Having more gender diversity has been a commitment of Best Buy CEO Hubert Joly, who took over in September 2012, the report said.

BJ's Wholesale Club has appointed Lee Delaney as executive VP, chief growth officer, effective May 9.

Delaney will be responsible for the company's merchandising and supply chain organization.

Prior to joining BJ's, Delaney was a partner in the Boston office of Bain & Company, and a leader in the firm's consumer products practice.

Prior to joining Bain in 1996, he worked for Electronic Data Systems and Deloitte Consulting advising clients on a variety of engagements.

Five retail chains rank among the top 10 brands doing a poor job when it comes to emotional engagement, a measure of how well brands meet consumer expectations, according to an annual survey.

Whole Foods Market reported better-than-expected earnings for the second quarter amid cost controls that helped lessen the impact of slowing sales.

Net income was a better-than-expected $142 million for the quarter ended April 10.

Sales inched up 1.3% to $3.7 billion, slightly below estimates.

L Brands turned in a disappointing sales performance in April, a rarity for a chain that has turned in consistently strong monthly results.

The parent company of Victoria’s Secret reported a 1% increase in same-store sales, below Wall Street expectations of a 4.8% gain.

Sales for the month increased to $737.5 million, up from $724.6 million in the same month last year.

The company’s Bath & Body Works division saw a 5% increase in same-store sales while Victoria's Secret posted a 1% decrease.