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  • Mattress Firm in corporate restructuring

    Houston -- The integration of the Sleep Train organization into Mattress Firm continues as the firm works to drive future growth.

    Mattress Firm Holding Corp. announced that Ken Murphy has been promoted to president and Rob Killgore to COO.

  • Former Sears exec back on familiar ground

    Hoffman Estates, Ill. --  Michael McCarthy spent 28 years at Sears Holdings before leaving the company in 2011, but now he is back in new senior level role at the Sears Hometown and Outlet Stores.

    In 2012, Sears Holding spun off the Hometown and Outlet division, which is now the operator of 1,215 hardware, appliance and outlet stores and a separate publicly held company.

  • 99 Cents adds another top exec to its ranks

    New York -- In another indication of its growth aspirations, 99 Cents Only named a former high ranking Kroger executive president and CEO. The hiring comes just months after the retailer tapped former Walmart executives to fill the head merchant and CFO roles at the 389-store retailer.

    Former Kroger and Procter & Gamble executive Geoffrey Covert, 64, was named president and CEO at 99 Cents Only on Sept. 11, filling a position that had been held on an interim basis the past four months by board chairman Andrew Giancamilli.    

  • Top Kroger exec joins 99 Cents Only

    In another indication of its growth aspirations, 99 Cents Only named a former high ranking Kroger executive president and CEO just months after the retailer tapped former Walmart executives to fill the head merchant and CFO roles at the 389-store retailer.

  • Former Sears exec returns to familiar territory

    Michael McCarthy spent 28 years at Sears Holdings before leaving the company in 2011, but now he’s back in new senior level role at the Sears Hometown and Outlet Stores.

  • A supplier with too many eggs in Target’s basket

    Dependent on Target for 43% of its revenue, licensed apparel company Cherokee Global Brand saw its market value obliterated after disclosing Target would not renew a decades old relationship.

  • Kroger bags another impressive quarter of growth

    For nearly 12 years, Kroger has reported sames-store sales growth every quarter. And they did it again Friday when they reported a jump in sales, as well as an increase in profit for the second quarter.

  • Christopher and Banks misfires during summer

    A “merchandising misstep” took its toll on Christopher & Banks in its second quarter as sales decreased more than expected.

  • Teen retailer’s profit plunges in Q2

    Lynnwood, Wash. -- It was tough going for Zumiez Inc. in the second quarter as its profit fell 57% amid increased promotional activity.

    The skate and surf apparel retailer reported net income of $3.2 million in the quarter, compared to net income of $7.5 million in the year-ago period. The results included include costs of approximately $0.4 million, for charges associated with the acquisition of Blue Tomato.

    Total net sales for the quarter increased 1.8% to $179.8 million, from $176.7 million a year ago.

  • Off-price retailer remembers 9/11 and city with mural

    New York -- The storefront of Century 21 Department Stores’ flagship in lower Manhattan has been given a stunning makeover to honor the city and in remembrance of the 9/11 terrorist attack.

    The off-price retailer has partnered once again with internally famous street artist Thierry Guetta (commonly referred to as Mr. Brainwash), who has painted a vibrant mural on a 65-sq.-ft. by 225-sq.-ft. wall on the flagship’s façade. The store is in the financial district and close to where the World Trade Center once stood.   

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