Strategy

New York -- Eyewear online retailer Warby Parker continues its brick-and-mortar expansion. With 12 stores now open, the company plans to open seven more locations by year end, according to fashionista.com.

Warby Parker’s next location is Kansas City, opening later this summer, followed by Scottsdale and San Diego. To read more, click here.
 

German grocer Lidl has made its entry into the U.S. market official by selecting a regional headquarters and distribution hub in the South.

QVC has named a Procter & Gamble veteran as its next business planning and analysis chief, as the company looks tomaximize efficiencies and organizational synergy.

QVC has named a Procter & Gamble veteran as its next business planning and analysis chief, as the company looks to maximize efficiencies and organizational synergy.

Sears Hometown and Outlet Stores has promoted its chief operating officer to CEO.

The board of directors has elected William (Will) A. Powell as the company’s chief executive officer and resident, effective immediately. Powell succeeds W. Bruce Johnson, who as previously announced is stepping down.

Family Dollar had a dip in profit in the third quarter as the company reported higher costs ahead of its planned merger with Dollar Tree.

Family Dollar Stores Inc. reported a profit of $79.9 million, or 70 cents a share, for the third quarter ended May 30, down from $81.1 million, or 71 cents a share, a year earlier. Excluding restructuring- and merger-related charges, the company’s profit was 74 cents a share, compared with 85 cents a year earlier. Net sales rose 2.60% to $2.73 billion.

Barnes & Noble is hoping that hiring a CEO with experience launching electronics products will help revive its Nook e-reader division.

The retailer has named Ronald D. Boire, currently president and CEO of Sears Canada Inc., to become the CEO of its new retail division.

Sporting goods retailers are going to face increased competition in Cleveland and Philadelphia as one of the Pacific Northwest’s most beloved outdoorsy stores comes to town.

Sears Canada Inc. is looking for its fourth CEO in a little over two years as the company seeks to return to profitability.

Sears said Ronald D. Boire will be departing from his position as president and CEO of the company at the end of the summer to pursue an opportunity in the United States. On the same day, Barnes & Noble announced that opportunity is CEO of that company's retail business.

Sears Canada said that Brandon G. Stranzl, chairman of the board of the corporation, has been named executive chairman effective immediately.

New York – Macy’s Inc. has dumped The Donald.