Skip to main content

Strategy

  • 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.    

  • Three dream tenants for American Dream

    New York -- The long-delayed, controversial American Dream retail-entertainment destination in the Meadowlands in East Rutherford, New Jersey, has snared three high-profile tenants.  

    Hudson's Bay Company announced that three of its store brands — a 131,906 sq. ft. Saks Fifth Avenue, a 119,605 sq. ft. Lord & Taylor, and a 30,000-sq.-ft. Saks Off 5th — will be among the three million-sq.-ft. mega-center’s tenants. It is the first time Hudson’s Bay has housed all three of its U.S. banners in one location.

  • 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.

  • GameStop not playing around when it comes to payments

    GameStop, which has long been known as an innovative company, has become one of the first major retailers to accept Google's new mobile payment system.

    GameStop has announced that customers can start using Android Pay, which was rolled out by Google only on Thursday, immediately to pay for purchases in its more than 4,200 U.S. video game stores. GameStop has already completed a nationwide rollout of Android Pay, which uses the NFC feature on mobile devices to allow users to transform mobile payments with an easy and secure way to pay. 

  • Rite Aid gives $1.3M toward educating children of vets

    Rite Aid associates plan to honor 274 students who have been named recipients of Folds of Honor educational scholarships provided by the Rite Aid Foundation’s KidCents program.
X
This ad will auto-close in 10 seconds