Strategy

BENTONVILLE, Ark. — Wal-Mart Stores on Wednesday launched initiatives intended, it says, to help women around the globe in the next five years.

The retailer has spent the last year developing a plan -- with help from both governmental and non-governmental organizations and philanthropic groups -- which will direct $20 billion over a five- year period on goods and services from U.S. businesses owned by women, as well as double the amount it pays women-run suppliers overseas.

WASHINGTON — Retail sales for the month of August were flat, the U.S. Census Bureau disclosed on Wednesday.

Adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, sales totaled $389.5 billion. Compared with the year-ago period, however, sales rose 7.2%. Trade sales edged up slightly by 0.1% from July, as well as 7.5% above August 2010.

OMAHA, Neb. — Long-time retail executive Andy Lundquist has joined apparel and home fashions discounter Gordman's as VP stores.

Lundquist has more than 20 years of retail management experience, most recently as SVP stores for Kohl's where he oversaw 270 stores in 21 states. In contrast, Gordman's operates 73 stores mostly concentrated in the Midwest.  

Lundquist was instrumental in growing Kohl's into one of the largest department store chains in the country.

SEATTLE and NEW YORK — While the threat of having to collect state sales tax still looms, Amazon.com continues to find new revenue sources. The company announced Tuesday that it will become the largest third-party seller of Hearst magazine subscriptions through an expanded agreement with Hearst Corp. Inc. (NASDAQ: AMZN - News) and Hearst Corporation today announced that the two companies have entered into an expanded, multi-faceted consumer marketing, e-commerce and content relationship.

VENTURA, Calif. — Patagonia., a designer and distributor of technical outdoor clothing, has announced the appointment of Dmitri Siegel as the company's new VP global e-commerce, effective Sept. 12.

As VP e-commerce, Siegel will provide strategic vision, leadership, and operational expertise in directing Patagonia's e-commerce strategies both domestically and abroad, the company reported. 

BURLINGTON, N.J. — Burlington Coat Factory reported that total sales for its second quarter increased 8.9% to $793 million and comparable-store sales were up 4%.

For the year-to-date, total sales rose 6.1% to $1.8 billion and same-store sales climbed 2.1%.

NEW YORK – Holiday music playing throughout Toys “R” Us’ flagship store in New York City’s Times Square helped set the stage for chairman and CEO Jerry Storch’s take on what’s to come this season.

AMSTERDAM, The Netherlands — Ahold has announced the appointment of Jeff Carr as EVP and CFO, starting Nov. 12. Carr will be a member of Ahold’s corporate executive board, pending shareholder approval. He will succeed Kimberly Ross who is leaving Ahold in November to become CFO of Avon.

Carr will be responsible for Ahold’s finance, real estate and IT functions. He will also manage the company’s existing €350 million cost reduction program and explore further ways to reduce costs and simplify the business.

Omaha, Neb. -- Apparel and home fashions retailer Gordman’s has named Andy Lundquist  as VP stores.

Lundquist most recently served as senior VP stores for Kohl’s Department Stores, where oversaw 270 stores generating $4 billion in revenues in 21 states.

New York City -- Toys “R” Us is cutting back on the number of temporary holiday stores it opens this year compared with last, but it is significantly expanding the number of exclusive products it offers, chairman and CEO Jerry Storch said at a press conference Wednesday. The retail chief’s bet on the hottest toy of the season: Animal Planet’s Air Swimmers line (helium-filled, radio-controlled flying fish), which will be available only at Toys “R” stores and via its website.