Strategy

Wal-Mart women vow to continue bias fight
Washington, D.C. -- A Bloomberg report on Tuesday said that the women who sought to sue Wal-Mart Stores for gender bias on behalf of 1.5 million co-workers said they will continue the fight in smaller lawsuits in lower courts and claims with the U.S. Equal Employment Opportunity Commission.

The U.S. Supreme Court on Monday said the women failed to prove that Wal-Mart had a nationwide policy that led to gender discrimination, precluding a class action and forcing the plaintiffs to pursue claims on their own.
CSA Poll: Make your opinion count
New York City -- Do you think Apple retail guru Ron Johnson will transform J.C. Penney Co.?

Click here to register your opinion with the Chain Store Age poll.

Asda COO quits company

London -- A Tuesday report by Bloomberg said that the COO of Wal-Mart’s Asda supermarket unit has quit after just six months in the position.

Bloomberg, which sourced a report in the Daily Telegraph, said that Simon King, a former head of Tesco PLC’s Turkish operations, left immediately. No successor has yet been named.
Guess co-founder and chairman to retire

Los Angeles -- Guess announced Monday that its co-founder and chairman Maurice Marciano will retire as chairman in January 2012, at the end of the company’s fiscal year.

Marciano will continue as non-executive chairman of Guess' board of directors, and the company will retain him for two years as a consultant.

Marciano, who hails from southern France and with his brothers founded Guess in 1981, was CEO and co-CEO from 1993 to 2007.
RKF names exec in Miami office

Miami -- New York City-based Robert K. Futterman & Associates announced that Marty Arrivo has joined the firm’s newly established Miami office as senior managing director.

With eight years of commercial real estate experience working with property owners and regional and national retailers, Arrivo, who started with RKF last month, is responsible for tenant and landlord representation throughout Florida and nationwide.
Turning to the Cloud
Macy’s signs bank credit agreement

Cincinnati -- Macy’s has entered into a $1.5 billion bank credit agreement that will mature on June 20, 2015. It replaces a previous $2 billion facility, which was set to mature on August 30, 2012. Joint lead arrangers for the new agreement are J. P. Morgan, Bank of America Merrill Lynch, Credit Suisse, U.S. Bank and Wells Fargo.
Hot Retailers
Formidable foe awaits on the Northern front

Target’s first stores in Canada are not scheduled to open until 2013, but this week the company can get a glimpse of what it’s up against when Walmart Canada president and CEO David Cheesewright is scheduled to speak at the Jefferies 2011 Global Consumer Conference.
Guess chairman, co-founder to retire

Los Angeles -- Guess said Monday that chairman and co-founder Maurice Marciano will retire as an executive officer in January 2012. However, he will continue to serve as a non-executive chairman and as a consultant for two more years after his retirement becomes effective.

Wal-Mart women vow to continue bias fight

CSA Poll: Make your opinion count

Asda COO quits company

Guess co-founder and chairman to retire

RKF names exec in Miami office

Turning to the Cloud

Macy’s signs bank credit agreement

Hot Retailers

Formidable foe awaits on the Northern front

Guess chairman, co-founder to retire