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Strategy

  • Target axes kids’ shopping carts

    Target Corp. is putting the kibosh on what probably sounded like a good idea, but turned into what some shoppers called a nightmare.   In a pilot program that started in August, the discounter rolled out mini-shopping carts for kids in approximately 70 stores. But some kids apparently went wild with the little red carts, The Minneapolis Star-Tribune reported, crashing them into other shoppers, dumping merchandise into them and bruising their ankles and shins. Complaints about the kiddie carts went viral.  
  • Small-format Kohl's stores to open in the Midwest

    Kohl’s Corp. is expanding its smaller-store format.   The retailer is opening six, smaller-format stores on Sept. 30, all in the Midwest, the Milwaukee Business Journal reported.   The locations are all in the Midwest, with two in Wisconsin, and one each in South Dakota, Minnesota, Illinois and Indiana. The stores average approximately 35,000 sq. ft. each, according to the report.
  • Finish Line had a good run in Q2

    The Finish Line Inc. on Friday posted Q2 sales that topped analysts expectations and announced a quicker-than-planned transition for its executive chairman   The athletic goods retailer reported a profit of $22.1 million, or 53 cents a share, in line with expectations, down from $25.9 million, or 57 cents a share, a year earlier.     Consolidated net sales for the quarter, ended Aug. 31, rose a 5.4% to $509.4 million, better than expected. Same-store store sales increased 5.1%, also topping forecasts.
  • CVS Health delays curbside service launch

    CVS Health shoppers have to wait a few more days for curbside pickup.   On the eve of launching its new ‘CVS Curbside Pickup’ service, the chain postponed the launch date due to technical difficulties.    The drug chain was ready to kick-off its app-based curbside pickup service across is 4,000 locations nationwide on Thursday, Sept. 22. However, due to overuse during the company’s soft-launch, the app became sluggish and orders began piling up.   
  • Data breaches up 15%

    If Yahoo’s data breach announcement yesterday is any indication, cyber-attacks are more prevalent than ever — and gaining momentum.  
  • Shakeup at American Apparel: CEO to step down

    Photo: Paula Schneider    The saga continues at American Apparel.   Paula Schneider plans to step down as CEO of the apparel retailer on Oct. 3, according to yahoo.com, which cited a report by Women’s Wear Daily. Schneider will be replaced by the company’s general counsel and chief administrative officer, Chelsea Grayson.  
  • Dunkin’ Donuts nabs McDonald’s veteran for executive role

    A longtime McDonald’s veteran has joined the fast-growing Dunkin’ Donuts.    Dunkin' Brands Group, parent company of Dunkin' Donuts and Baskin-Robbins, announced that David Hoffmann has been appointed president of Dunkin' Donuts U.S. and Canada, effective Oc. 3.   
  • Off-price retailer launches credit card program

    Century 21 Department Store is getting into the private label credit card game.   The off-price retailer is collaborating with Alliance Data Systems to launch the brand’s first private label credit card. By connecting customized rewards and benefits to the payment card, the retailer expects to drive engagement and brand loyalty.   
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