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Strategy

  • BJ’s club Mastercard raises the bar on rewards

    BJ's Wholesale Club has introduced a Mastercard program that ups the ante in the wholesale club credit card category. The My BJ's Perks MasterCard will offer members 10 cents off per gallon of BJ's gas every day, up to 5% back on purchases in-club and at BJs.com, 2% back on eating out and non-BJ's gas purchases, and 1% back on purchases made everywhere else MasterCard is accepted.  

  • Hudson’s Bay Company names former Kohl’s exec as CIO

    Toronto — Hudson’s Bay Company announced the appointment of Jon K. Nordeen to the position of CIO, effective November 2014.
      Nordeen joins HBC with more than 25 years of information systems and management experience. Most recently, he served at Kohl’s Department Stores in several roles including executive VP merchandise planning, executive VP administration, and executive VP CIO.
     
  • Staples Q3 profit in line, sales top estimates; ups store closings

    Framingham, Mass. - Staples Inc. on Wednesday reported that its third quarter net income rose 60% to $216.8, in line with Wall Street expectations, amid signs that its reinvention strategy is starting to take hold.  
  • Kohl’s honored with green power award from EPA

    MENOMONEE FALLS, Wisconsin - Kohl’s Department Stores has once again been recognized with a 2014 Sustained Excellence in Green Power Award from the U.S. Environmental Protection Agency. 
  • Cabela’s expanding retail footprint with two new stores

    SIDNEY, Nebraska — Cabela’s Inc. is expanding into new markets, with plans to open a store in Gainesville, Virginia, and Ottawa, Ontario, Canada.
     
  • Staples gives new meaning to momentum

    Same stores sales declined again at Staples North American retail stores in the third quarter, but chairman and CEO Ron Sargent contends the company is gaining momentum on a reinvention strategy.

    Sargent is being generous with his usage of the word momentum to describe the performance of the nation’s leading office supplies retailer. The third quarter revealed persistent weakness in retail operations and the international business offset by modest growth in the commercial business.

  • Family Dollar delays vote on Dollar Tree deal; Dollar General still in the game

    Goodlettsville, Tenn. - Dollar General Corporation isn’t giving up. The deep discounter on Wednesday  affirmed its commitment to the acquisition of rival Family Dollar Stores. Dollar General’s comments followed the news that Family Dollar has delayed its shareholder vote on its $8.5 billion deal to be bought by Dollar Tree Inc. from Dec. 11 to Dec. 23.
  • Study: Shoppers split on stores opening on Thanksgiving; 50% oppose it

    CINCINNATI - Americans are divided on the merits of shopping on Thanksgiving Day.  The latest LoyaltyOne research shows there are three kinds of American Thanksgiving Day shoppers:  50% who say all-day shopping hours on Thanksgiving Day are a bad idea; 33% who say stores being open all day Thanksgiving is a great idea that provides more time for holiday gift shopping and 17% who can’t make up their mind.
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