Skip to main content

Strategy

  • Study ranks McDonald’s and Wal-Mart among Top 10 companies for leadership

    Philadelphia -- McDonald’s and Wal-Mart Stores are among the Top 20 companies in the world for leadership, taking the No. 6 and No. 8 spots respectively, according to an annual study by global management firm Hay Group. The two chains were the only retailers to make the list.

  • Target kisses Kindle goodbye, but could gain sales in the process

    Retailers are in business to sell products customers want, except when they’re not, which appears to be the case with the retailer’s decision to stop selling Amazon.com’s hugely popular Kindle devices.

  • Cullinan Properties names new team members

    Peoria, Ill. -- Christopher M. West, COO and partner of Cullinan Properties, announced several additions to the Cullinan team.

    Shawn Luesse has been hired as project manager for the Streets of St. Charles mixed-use development in metro St. Louis. Luesse was previously director of development for the G & T Group, based in Champaign, Ill.

    Seth Marks has joined the team as leasing representative, assisting with the retail, restaurant and entertainment leasing for The Streets of St. Charles and the Quincy Mall in Quincy, Ill.

  • Ascena gains access to plus-size market with Charming Shoppes buy

    SUFFERN, N.Y. — The Ascena Retail Group will acquire Charming Shoppes Inc., parent company of Lane Bryant, for about $890 million.

    The move gives Ascena -- which owns the Dressbarn, Maurices and Justice chains -- entry to the steadily-growing large-size women's clothing market. In addition to Lane Bryant, Charming Shoppes also owns the Fashion Bug and Catherines Plus Sizes banners. It operates more than 1,800 stores nationwide. In 2011, nearly 85% of Charming Shoppes’ sales involved plus-sized apparel.

  • Former Dell exec named head of SAP North America

    NEWTOWN SQUARE, Pa. — Enterprise software application company, SAP, has named Geraldine McBride as president of its North America region. In this role, McBride is responsible for all of SAP's business operations in the United States and Canada. She will report to Robert Enslin, president of sales and part of the SAP Global Managing Board.

  • Gap names H&M global exec as president of Old Navy

    San Francisco -- Gap Inc. announced Monday that it has appointed former H&M global sales head Stefan Larsson as the new president of Old Navy, effective the end of October.

    Larsson replaces Tom Wyatt, who left the company in February.

    The move is expected to pay dividends for Gap as it preps to open its first overseas Old Navy store – in Japan – this July.

  • Ahead of annual meeting, Sears predicts Q1 income growth

    HOFFMAN ESTATES, Ill. — Ahead of its annual shareholders' meeting, Sears Holdings has provided first-quarter guidance calling for net income between $155 million and $195 million (between $1.46 and $1.84 per diluted share from continuing operations) versus a net loss from continuing operations of $165 million ($1.53 loss per diluted share from continuing operations), for the first quarter in 2011.  The above range includes approximately $235 million, after tax and minority interest, of gains from the sale of certain U.S. and Canadian stores.

  • Collective Brands to be acquired for $1.3 billion, broken up

    New York -- Shoe manufacturer Wolverine Worldwide Inc. announced Tuesday that it has partnered with equity firms Blum Capital Partners and Golden Gate Capital to acquire Payless ShoeSource parent Collective Brands Inc. for about $1.3 billion.

X
This ad will auto-close in 10 seconds