Strategy

MAHWAH, N.J. — Sharp achieved the top U.S. market share in the 60"+ LED TV segment in 2012, according to The NPD Group's Retail Tracking Service. According to the company, the increase in market share between 2010 and 2012 was due to its selection of large screen choices, picture quality performance and brand strength, Sharp more than doubled its market share between 2010 and 2012 (based on revenue share).

LOS ANGELES, Calif. — The Retail Industry Leaders Association (RILA) added five industry executives to its board of directors during its semi-annual meeting on Jan. 28 in Los Angeles, Calif. Also as a part of the meeting, Walmart president and CEO Bill Simon was re-elected to the board. Executives joining the board are elected to serve two-year terms. 

Joining the RILA board of directors are:

New York -- Target announced that it is expanding ongoing remodeling efforts to its stores in the Detroit area. Along with a much greater emphasis on grocery and fresh foods, the new layout include reinventions in several other departments such as beauty, home, shoes and baby.

Target’s  remodeled stores will include approximately 10,000 sq. ft. dedicated to fresh food, including a curated assortment of fresh produce, fresh packaged meat and pre-packaged baked goods, in addition to dry and frozen offerings.
 

New York -- J.C. Penney is changing course on its no-sales policy. It was just one year ago that the retailer, amid much fanfare, announced it was nearly eliminating sales events from its stores in favor of a three-tier pricing strategy and everyday low pricing. But on Monday the Associated Press reported that J.C. Penney is not only bringing back sales promotions to its stores, but will also add price tags or signs for approximately half of its merchandise that will show the "manufacturer's suggested retail price" next to J.C.

CINCINNATI — Macy's has assigned additional responsibilities to several of its executives following the retirement of Thomas Cole, chief administrative officer, who is leaving the company in May after 41 years of service.

Cole's responsibilities have been re-assigned as follows:

BOSTON — Private sale site, Rue La La, has appointed Darlene Daggett as a president overseeing merchandising, programming and member experience. Daggett will report to Ben Fischman, founder and CEO of Rue La La and be headquartered in the Boston and New York offices.

Daggett's background includes 18 years at QVC Inc., one of the world's largest e-commerce retailers. In her most recent role, as president of QVC U.S. Commerce, she was responsible for merchandising, planning, broadcasting and new business development.

New York -- Starbucks Corp. is expanding its drive-thru format, the chain said in its first-quarter earnings call. According to company officials, more than half of the approximate 1,500 new locations it plans to open in the United States during the next five years will be drive-thrus.

Starbucks plans to remodel about 1,400 U.S. locations in 2013. Roughly 500 of those locations will receive a major overhaul.

By Kevin Farkas, [email protected]