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Corporate Governance

  • Report: Target to test grocery-delivery service

    New York -- Target Corp. is joining other retailers in the grocery delivery service.

    The chain plans to begin testing a grocery-delivery service, reports the Minneapolis-St. Paul Business Journal.

    To read the story, click here.

  • Embattled American Apparel issues blunt warning to shareholders

    New York -- Things are not getting any better at the struggling and cash-poor American Apparel. In fact, it looks like they are getting worse.

    In a short form quarterly filing, the retailer said its net loss increased to $19.4 million in the second quarter from $16.2 million in the year-ago period while net sales fell 17% to $134 million. It estimated that, as of June 30, it had only $7 million in cash and $6 million left in its Capital One credit line. (American Apparel’s full quarterly filing will be delayed.)

  • Back-to-school not all about students at Lane Bryant

    Lane Bryant is taking a non-student approach to back-to-school marketing with its third annual Chalk it up to Style promotion.

    Now through Aug. 31, teachers and supporting school staff who shop at Lane Bryant during Chalk it up to Style will enjoy saving 15% off their purchase when shopping in store with a valid school ID or paystub. 

  • Will Macy's get caught up in a currency war?

    At a time when the Chinese currency is being devalued and Macy’s financial results are disappointing investors, the company is forming an exclusive partnership with Alibaba.

  • Macy’s Q2 falls short; announces new omnichannel, global initiatives

    Cincinnati -- Macy’s on Wednesday announced several key initiatives to drive its growth going forward, ranging from new store ventures to digital efforts to an international foray.

  • Why Macy's is looking forward to the holidays

    Macy’s may be counting on key growth initiatives to generate sales during the holidays after reporting another disappointing quarter of financial results.

    The company says same store sales declined 2.1% in the second quarter ended Aug. 1. Profit fell to $217 million, or 64 cents a share, from $292 million, or 80 cents a share, a year earlier. Total sales fell 2.6% to $6.1 billion, missing analysts’ estimates for $6.23 billion. Gross margin narrowed to 40.9% from 41.4% a year earlier.

  • Why Macy’s got rid of Trump’s menswear line

    New York -- Macy’s CEO and chairman Terry Lundgren is talking about why the department store giant decided to stop carrying Donald Trump’s menswear collection.

    In a report on CNBC, Lundgren said the decision was a business one.

  • Rite Aid makes a move on payments

    Rite Aid is finally moving to embrace a mobile-first strategy by making a major announcement about paymants.
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