Corporate Governance

Target Corp. has tentatively reached another milestone in its continuing efforts to remediate financial losses caused by its massive 2013 data breach.

The nation’s largest supermarket operator has been on a tear since 2014, increasing its portfolio through acquisitions, reports The Cincinnati Enquirer. “We could get more deals by Kroger – and we should get more deals, more stores and more growth,” Scott Mushkin, an analyst with Wolfe Research in New York, said in the report. [The Cincinnati Enquirer]

Retailers are paying more and offering more incentives to secure experienced in-store help to increase sales

At least that’s according to a new survey by Korn Ferry Hay Group, a leading global hiring and organizational advisory firm.

Hennes & Mauritz AB (H&M) is going green for its first store in Lower Manhattan.

The retailer will open a 25,000-sq.-ft. store at Westfield World Trade Center, set to open in spring 2016. It will be H&M’s 17th location in New York City, and its first U.S. store to apply for LEED (Leadership in Energy & Environmental Design) certification.

Save-A-Lot, the deep-discount division of grocery giant Supervalu, on Wednesday named a supermarket veteran with more than 30 years of experience as its new CEO. Eric Claus, 59, takes the reins of Save-A-Lot after spending the past two-plus years as chairman, president and CEO of Red Apple Stores Inc., a chain of value retail stores based in Canada.

The Home Depot Inc. has reached a contingent settlement with MasterCard International Inc. over the home improvement giant's massive 2014 data breach, according to a new report. The Atlanta Business Journal says that while a contingent deal with MasterCard International appears to have been reached, other financial institutions suing the retailer say they want more information. [Atlanta Business Journal]

Cabela's has confirmed that it is in the process of reviewing strategic alternatives weeks after speculation surfaced that Bass Pro Shops is looking to acquire the retailer.

Cabela's announced Wednesday that its board of directors is initiating a process to explore and evaluate a wide range of strategic alternatives to further enhance shareholder value.

Wisconsin-based, 21-store grocery retailer Festival Foods takes food safety so seriously that it no longer thinks about it.

That’s because Festival Foods has chosen the food safety platform from ReposiTrak to automatically manage regulatory and business documentation compliance within its supply chain.

Strong sales at Maurices and Lane Bryant weren’t enough to lift Ascena in the first quarter, as the company reported a decrease in comps.

For the period ended Oct. 24, the company reported a net loss of 10 cents per diluted share compared to net income of 32 cents per diluted share in the same period of fiscal 2015. The company blamed the decrease on transaction costs related to the acquisition of Ann Inc., which closed during the first quarter fof fiscal 2016. Comps dropped 3% in the first quarter.

Supervalu on Wednesday announced Eric Claus has been named the CEO of Save-A-Lot, the company’s hard-discount grocery segment. Claus, 59, joins the company after spending the past two-plus years as the chairman, president and CEO of Red Apple Stores, a chain of value retail stores in Canada.