Events

New York -- J.C. Penney CEO-designee Marvin Ellison, who officially takes over on Aug. 1, outlined three key areas the company will focus on in the coming months in a presentation on Wednesday at the Piper Jaffray conference, The Street reported.  

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Corte Madera, Calif. - RH, Restoration Hardware, will announce plans for the launch of a new business on Thursday, June 11, after market close. RH chairman and CEO Gary Friedman will unveil the new concept during the company’s first quarter fiscal 2015 earnings video.

No other details have been made available at this time.

Washington, D.C. -- Father’s Day may not be the most lucrative consumer holiday of the year for retailers. However, according to the new National Retail Federation (NRF) 2015 Father’s Day Spending Survey, spending on Father’s Day is expected to reach $12.7 billion. The survey, conducted by Prosper Insights & Analytics, indicates the average person will spend $115.57 on gifts, nearly even with $113.80 in 2014.

PetSmart is enlisting the help of a cat-loving celebrity to launch a new kind of social media campaign.

The retailer has teamed up with actress Mayim Bialik to celebrate cat ownership and encourage cat adoption. Mayim, a longtime cat lover who is very passionate about adoption, has an adopted cat named Frances, a once feral cat that was deserving of a forever home. 

A new NRF survey reports that Father's Day spending this year is expected to reach $12.7 billion.

The retail industry is more competitive than ever, but Walmart CEO Doug McMillon told a gathering of more than 14,000 associates and shareholders that he is more worried about the enemy within the company than competitors.

“The truth is the real villains are lurking within the company,” said McMillon. “Our real villains are things like bureaucracy, complacency, a lack of speed, or a lack of passion.”

Bentonville, Ark. -- Speaking at Wal-Mart Stores’ annual shareholders meeting in Bentonville, Arkansas, president and CEO Doug McMillon told the more than 14,000 assembled associates and shareholders that he is more worried about the enemy within the company than competitors.

“The truth is the real villains are lurking within the company,” said McMillon. “Our real villains are things like bureaucracy, complacency, a lack of speed, or a lack of passion.”

New York -- Target Corp. will beat Amazon.com by following three core philosophies,  the retailer’s top digital executive (and former Amazon.com exec) Jason Goldberger said during a keynote address at the annual Internet Retailer Conference and Exposition, in Chicago.