Corporate Governance

Macy’s is looking for charity partners to participate in the retailer’s 10th annual national “Shop For A Cause.”

The retailer’s one-day-only shopping event, which is very popular with shoppers, is designed to support local charities’ fundraising efforts.

The National Retail Federation is calling on Congress to pass Trade Promotion Authority legislation, which Congress is expected to debate this week.

Surging sales at Old Navy helped Gap Inc. offset sales declines at its namesake division and its Banana Republic stores in the first quarter.

Gap Inc. reported that for the first quarter of fiscal 2015, Gap Inc.’s net sales decreased 3% to $3.66 billion compared with $3.77 billion for the first quarter last year.

Cincinnati -- Macy’s will debut its off-price business in fall 2014, opening four stores in metro New York City. The new business, one of the department store giant’s major growth initiatives, will be called Macy’s Backstage.

Former Walgreens CEO Greg Wasson is one of three top retail industry executives confirmed as inductees into the Grocery Manufacturers Association’s Hall of Achievement when the trade group holds a gala event in conjunction with its annual meeting this fall.

GMA will also honor former ConAgra Foods CEO Gary Rodkin and Chairman of the Board of Flowers Foods George Deese with the GMA Hall of Achievement Award in August.

For generations, hair and beauty services were exclusively operated as “commission salons,” where owners collected a percentage of fees paid to stylists. About 30 years ago, the booth rental model began to gain traction, where stylists paid a flat fee to occupy a chair in a salon. Not long after the first booth rental model came into being, the first salon suite concept debuted.  

Toronto -- Canada’s Loblaw Companies Ltd. said it will pull its Joe Fresh brand from J.C. Penney stores in the United States at the beginning of next year as it looks to concentrate on freestanding Joe Fresh stores and e-commerce.  

New York – Despite some reservations, a federal judge is reportedly refusing to block a proposed settlement between Target Corp. and MasterCard related to the retailer’s 2013 data breach. According to Reuters, U.S. District Judge Paul Magnuson in St. Paul, Minnesota declined a request from a group of banks and credit unions to rule against the $19 million settlement.

Washington, D.C. - Import cargo volume at the nation’s major retail container ports is returning to normal levels as officials prepare to count votes on ratification of a new West Coast labor agreement. According to the monthly Global Port Tracker report from the National Retail Federation and Hackett Associates, the ports covered by Global Port Tracker handled a record-high 1.73 million twenty-foot equivalent units (TEU) in March 2015.

Orlando, Fla. – Customer needs and expectations are rapidly changing, and woe to the retailer who does not keep up. This was the key message delivered by participants in a panel discussion, “Engage Customers Through Omnichannel Opportunities,” at SAP’s annual Sapphire conference.

Steve Fournier, executive VP and chief customer officer of Discount Tire Co., said his company realizes it cannot afford to lag behind customer demand.