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Strategy

  • Special on Target to air Thursday

    Everything you ever wanted to know about Target -- or at least what the company was willing to share with CNBC camera crews -- will be available for viewing in a few days. The financial network is set to air the one hour show, “Target: Inside the Bullseye,” on Jan. 13 at 9 p.m. EST and again at 10 p.m., 12 a.m. and 1 a.m. The program will also re-air on Jan. 15 at 8 p.m. and 11 p.m.

    Can’t wait until Thursday to watch the show? Here’s a few clips:

  • Rain dampens discounter's holiday performance

    City of Commerce, Calif. -- Third-quarter sales growth was hard to come by at 99 Cents Only as the extreme value retailer’s heavy concentration of stores in Southern California were negatively affected by unseasonably strong rains that hit the region prior to Christmas.

  • Christopher & Banks names Barenbaum president and CEO

    Minneapolis -- Christopher & Banks Corp. announced Monday that it has named Larry Barenbaum as president and CEO, effective immediately.

    Barenbaum has served as Interim CEO since October 19, 2010.

  • Stage Stores names CFO

    Houston -- Stage Stores said Monday that Oded Shein has joined the company as executive VP and CFO.

    Shein succeeds Edward Record, who was appointed COO in February 2010, but retained the CFO responsibilities while the search for his replacement was underway.

    Shein will report to Record and will oversee the company’s accounting, internal and external financial reporting, tax, investor relations, financial planning and analysis, loss prevention, and treasury operations.

  • 100th annual NRF convention launches with buzz

    New York City -- The 100th annual “Big Show,” the National Retail Federation’s annual event in New York City, launched at the Jacob K. Javits Convention Center on Sunday, Jan. 9 with a lineup of sessions and plenty of buzz.

    One of the most talked-about topics? Facebook has a booth at NRF this year, representing the power that social media does, and will, play in the retail industry.

  • Best Buy Dec. comp doesn't damper CES mood

    LAS VEGAS - Reporting from the Consumer Electronics Show, Best Buy said that revenue for the fiscal month of December ended Jan. 1, decreased 1.6% to $8.4 billion. The revenue decline for the five-week period, as compared with $8.5 billion in revenue for the five-week period ended Jan. 2, 2010, was due primarily to a comparable-store sales decline of 4% partially offset by the addition of new stores in the past 12 months and the favorable impact of fluctuations in foreign currency exchange rates.

  • Haugarth takes on new role at Supervalu

    MINNEAPOLIS — Supervalu has named Janel Haugarth EVP merchandising and logistics. She will replace Steve Jungmann, formerly EVP merchandising, who is leaving the company effective immediately, the company reported.

    In her new role, Haugarth will be responsible for all merchandising activities across the company’s traditional retail and independent retail businesses. The move consolidates the leadership of all of the company’s merchandising activities, with the exception of Save-A-Lot, under the leadership of a single EVP, Supervalu noted.

  • Need an app? There's a Mac Store for that

    CUPERTINO, California - Apple Thursday introduced its Mac App Store, which it claims boasts more than 1,000 free and paid apps. According to the company, the Mac App Store brings the App Store experience to the Mac, enabling users to buy apps using their iTunes account, download and install them in just one step. 

    “With more than 1,000 apps, the Mac App Store is off to a great start,” said Steve Jobs, Apple’s CEO. “We think users are going to love this innovative new way to discover and buy their favorite apps.”

  • MSLO CFO leaving company

    NEW YORK - Martha Stewart Living Omnimedia announced that Kelli Turner will step down as the company's CFO and will be leaving to join a private company in the near future. A search for MSLO's new CFO is currently underway, the company reported. In the interim, MSLO controller Allison Jacques will serve as the company's principal financial and accounting officer.

  • Ascena Retail Group to roll out Oracle E-Business solution

    Redwood Shores, Calif. -- Ascena, parent company of Dress Barn, Maurices and Justice, said Friday that it has selected Oracle E-Business Suite Financials to streamline financial operations across the company’s growing retail operations.

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