Strategy

New York -- Foot Locker has named a digital head from Target Corp. to head up its technology efforts.

The specialty athletic retailer named Pawan Verma as senior VP and CIO, effective Aug. 10. He joins Foot Locker from Target, where he has worked since 2013, most recently serving as VP, digital and marketing technologies and services platforms.

Verma succeeds Peter Brown, who retired in April after 38 years with the company.

New York -- American Express Co and Costco Wholesale Corp. are at it again.

A lawsuit has been filed accusing American Express of misleading investors about the loss of its contract with Costco after having failed to reveal how significant that business had become to the credit-card company, Reuters reported.

Pittsburgh – Who said women don’t like sports? Dick’s Sporting Goods certainly never said so.

Dick’s is launching Chelsea Collective, a specialty women's fitness and lifestyle boutique. The first two Chelsea Collective locations will open in August 2015 in Tysons Corner, Virginia at Tysons Corner Center and Pittsburgh at Ross Park Mall.

Seattle -- Starbucks Corp. is making good on its pledge to spur job growth among “opportunity youth,” or young people aged 16 to 24 who don’t have jobs and aren’t in school.

Retail intelligence provider ChannelIQ helps brands cope with e-commerce complexity and it just bolstered its ability to do so with a key hire from the consumer packaged goods world.

Saks Fifth Avenue is putting its best foot forward in a hot category.

The retailer plans to open its first-ever stand-alone 10022-SHOE store in Greenwich, Conn. Expected to open in fall 2016, the new 14,000 square-foot location at 20 East Elm Street will be dedicated to women’s footwear and will be just a short distance from the existing Saks Fifth Avenue location in downtown Greenwich.

Foot Locker Inc. has chosen a new IT chief to drive the company's next generation of technological advances.

The retailer has appointed Pawan Verma as Senior Vice President and Chief Information Officer, effective Aug. 10. Verma succeeds Peter Brown, who retired in April after 38 years with the company.
Verma will oversee the company's global information technology functions and infrastructure, and provide leadership and vision to align technology with strategic business initiatives. 

Fast-fashion giant H&M is adding another set of initials to its aggressive expansion plans. 

Facebook is preparing to make a change on Instagram that will have a big impact on social shopping and retailers.

Chicago -- J. Crew Group’s new value-priced store concept has announced a second location.

Mercantile, which recently made its national debut at The Shops at Park Lane in Dallas, will open at The Mayfair Collection, in Wauwatosa, Wisconsin.