Corporate Governance

New York -- Target Corp., The TJX Cos., and Ross Stores reported stronger-than-expected March sales as warm weather put consumers in a spending mood. Both retailers also revised their first-quarter outlooks upward on the results.

Target said its same-stores sales rose 7.3% in March, helped by warm weather. Analysts had predicted a 5.4% increase.

Issaquah, Wash. -- Costco Wholesale Club said it plans to open up to an additional eight warehouses prior to the end of its fiscal year on September 2, 2012.

Costco currently operates 601 warehouses, including 434 in the United States and Puerto Rico, 82 in Canada, 32 in Mexico, 22 in the United Kingdom, 13 in Japan, eight in Taiwan, seven in Korea and three in Australia.
 

First, who said technology coverage has little to do with retail real estate commentary?

And second, who said the Millennials aren’t wise beyond their years?

For the record, I never said either.

New York -- Many apparel retailers and department stores registered solid gains in March, as an early spring brought out shoppers looking for seasonal merchandise earlier than they typically would. Last month was the warmest March in North America in more than 50 years, according to weather data provider Planalytics.

Macy’s, Kohl’s Corp., Limited Brands and Gap Inc. were among the retailers who topped analyst estimates.

CHICAGO — Catherine Lindner, Walgreens VP retail marketing, has been named vice chair of the Network of Executive Women, the association announced Tuesday. Under the NEW's bylaws, Lindner will assume the post of board chair when the term of the current board chair — Walmart SVP home Michelle Gloeckler — expires in October 2012.

SAN FRANCISCO — Williams-Sonoma is reaching out to customers who want to be more hands on with their food with the launch of a Agrarian, a collection of products that focuses on the virtues of homegrown and homemade.

Consumer Reports readers who shop at Target gave the company middle-of-the-road marks on service and its perishable offerings, but the company scored better on pricing and received the highest marks possible on cleanliness.

Target’s ability to replenish stores across a large swath of the central United States is poised to improve in the next two years as the company gains much needed new distribution capacity in Texas and Ohio.

JACKSONVILLE, Fla. — Retired Kroger president and COO, Don McGeorge, has joined the board of directors of Acosta Sales & Marketing, a leading full-service sales and marketing agency in the consumer packaged goods (CPG) industry.

During his time at Kroger, McGeorge was responsible for all of the company’s supermarket divisions, advertising, customer relationship marketing, manufacturing, merchandising and procurement, pharmacy and retail operations until his retirement in 2009. 

Amazon wasn’t always a threat to Walmart, but as the only retailer grows and offers more of the same products as traditional mass retailers, it has become hard to ignore. This article from Businessweek examines how Amazon has influenced Walmart’s approach to online.