Apple, Inc.

The revelation this week that Target chief marketing officer Michael Francis had jumped ship to become president at JCPenney was a surprising development that sucked some of the oxygen out of the retailer’s Minneapolis headquarters. Target is all about marketing and Francis was instrumental in shaping some of the most interesting customer communications the marketing world saw during the past decade. He was so highly thought of that earlier this year he was tapped to lead Target’s entry into Canada, arguably the company’s most significant longer term growth driver.

New York -- In a surprise announcement, Target said that Michael Francis, executive VP and chief marketing officer of Target Corp., has elected to leave the company.  In January, 2011, Francis was charged with overseeing with Target’s Canadian entrance. 

The retailer was short on specifics regarding Francis’ departure. 

"We would like to thank Michael for his many contributions and wish him the best in his future endeavors" said Gregg Steinhafel, chairman, president and CEO, in a statement. 

The Falls, one of Florida’s largest open-air, retail and entertainment destinations featuring Bloomingdale's and Macy's, along with more than 95 stores and restaurants, is rolling out a new retail roster that will include several new stores and dining venues.

The retail surge at The Falls, opening in different phases as of fall 2011, will coincide with numerous exterior upgrades including new entrances and signage, along with interior enhancements featuring a contemporary and chic color palette and new soft seating areas.

The Melt, a new quick-serve restaurant in San Francisco, is built around a basic but classic menu option: the grilled cheese and soup combination. But it leverages the latest technology to provide ordering convenience and innovative food preparation, delivering made-to-order grilled cheese sandwiches and soups in less than 90 seconds.

New York City -- Grilled cheese and soup is the signature calling card at The Melt, a start-up restaurant concept debuting in San Francisco with big plans for the future. The Melt expects to have five eateries up and running in the Bay Area by yearend -- with plans to expand to over 500 locations nationally by 2015.

As Hurricane Irene raged up the East Coast over the weekend of Aug. 26-28, Apple -- like many retailers strategically positioned in the storm’s path -- turned out the lights on its New York-area stores, including all three Manhattan locations, New Jersey and Connecticut, to shield itself from Irene’s wrath.

But on the same day it temporarily shuttered its East Coast stores, Apple officially opened locations in North Carolina, Arkansas and, yes, France.

New York City -- J.C. Penney Co. CEO Myron "Mike" Ullman is on track to receive a hefty exit package when he retires from the company in early 2012. The package currently is valued at about $30.7 million, according to an analysis prepared for The Wall Street Journal.

Ullman will be succeeded by Apple retail guru Ron Johnson.

CUPERTINO, California — Apple announced that it has named Tim Cook, previously COO, as the company's new CEO, replacing Steve Jobs who has resigned from the position. Jobs has been elected chairman of the board and Cook will join the board, effective immediately.

Cupertino, Calif. -- Apple announced late Wednesday that its CEO Steve Jobs has resigned his post, effectively immediately, to be succeeded by current COO Tim Cook.

Jobs, the visionary whose contributions created the world’s most innovative technology company, is battling pancreatic cancer and has received a liver transplant. Concerns about his health led to his decision to resign.

By Liana Hill, [email protected]