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  • Nordstrom to close downtown Indianapolis store

    Seattle — Nordstrom announced plans to close its Circle Centre store in downtown Indianapolis, Ind.   Opened September 8, 1995, the 216,000-sq.-ft.  location will close to the public at the end of business on July 31, 2011. 

    The retailer will continue to operate a nearby location at The Fashion Mall at Keystone, Ind..  It will open  a Nordstrom Rack store at the Shops at Rivers Edge in September.

  • American Express CFO Survey: Economic outlook high, M&A activity to ramp up

    Optimism about economic expansion is on the rise among senior finance executives in the United States and around the rest of the globe, according to the annual American Express/CFO Research Global Business & Spending Monitor.  In fact, the level of optimism was the highest in the four years that the survey has been conducted, with three in four (75%) executives expecting modest to strong economic expansion over the next twelve months -- up from 71% in 2010. The U.S. figure was even higher at 79%, although most predict modest growth.

  • Growth potential intact at Walmart China despite exec departures

    Shenzhen, China — Walmart will be looking to capitalize on compelling growth prospects in China under the leadership of new senior executives following the simultaneous departure of CFO Roland Lawrence and COO Rob Cissell.

    Both men left the company to pursue other development opportunities, according to Walmart, leaving leadership of Chinese business in the hands of Walmart China president and CEO Ed Chan and Wal-Mart Stores Asia president and CEO Scott Price.

  • Target remains confident in the face of sales and expense pressures

    Target CFO Doug Scovanner moderated analysts’ second-quarter and full-year earnings expectations slightly, although it can at times be difficult to tell given the language used to communicate in the Wall Street guidance game.

  • Gas prices put pressure on consumers

    WASHINGTON — An Associated Press/GfK poll released Friday determined that rising gas prices will cause “serious” hardship for as much as 41% of Americans.

    Almost 3-in-4 adults acknowledged that $4 per gallon or more at the pump will at least cause some hardship.

  • Clarification: Target promotional efforts increased in April

    Last week’s issue of Target News Now contained some inaccurate information relating to the level of promotional activity during April at some of the nation’s leading retailers. The correct information along with a link to a revised chart provided by research company Market Track is below.

  • Kirkland’s income falls on higher expenses

    Nashville, Tenn. -- Kirkland's said Friday that its first-quarter net income fell 51% stung by higher expenses, increasing freight costs and competition over price. Its results, however, exceeded Wall Street's expectations.

    The company earned $3.2 million for the period ended April 30, down from $6.5 million, a year earlier.

    Total operating expenses rose to $29.7 million from $26.7 million.

  • Target VP promotes retailer as beauty destination during FIT presentation

    NEW YORK — Each year, the graduating class of the Master of Professional Studies degree program in cosmetics and fragrance marketing and management at FIT researches and forecasts trends or growth concepts within a specific area of the beauty industry, which they then present to an audience of industry executives.

    Target sponsored this year's presentation titled "Beauty For All: Innovations in Mass Retail." On hand to deliver keynote remarks during the event was Will Setliff, VP marketing for Target.

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