Home Depot

Some three years after he returned to save J.C. Penney, industry veteran Myron E. (Mike) Ullman will retire from the company on Aug. 1.    Ullman is passing the reins of chairman of Penney’s board of directors to current CEO Marvin R. Ellison. The succession is in accordance with a transition plan the company outlined in 2014.  

A veteran of Apple has been named as the new senior VP in charge of global logistics, inventory allocation and replenishment at Target.   Ben Cook will lead the optimization of Target’s inbound and outbound supply chain processes, including carrier transportation and last-mile delivery. He’ll also oversee inventory allocation and replenishment, merchandise planning operations and global logistics. He will report to Target’s executive vice president and chief supply chain and logistics officer, Arthur Valdez.

A familiar chain has been named the most powerful retail brand of 2016.   According to the 2016 Top 100 Most Powerful Brands report from brand marketing firm Tenet Partners, Barnes & Nobile is the most powerful retail brand, and 32nd most powerful brand overall, of the year. This is the second straight year Barnes & Noble ranked highest among retailers.  

Results of the 2016 Harris Poll EquiTrend Retail Brands of the Year study show that some retail chains truly “get it” when it comes to engaging consumers.   Two retailers were named top brand in their respective categories for the fourth straight year. These are the Home Depot, which has been named hardware and home brand of the year. And Kohls.com, which has been named online department store brand of the year.  

The National Retail Federation (NRF) has been actively campaigning to keep federal caps on debit card swipe fees, and now its constituents are speaking out.  

Consumers have spoken, and they have a favorite chain when it comes to buying appliance products.  

The Wendy's Co. is offering an update on a cyberattack it first reported in February 2016, and it contains some decidedly unsurprising details.   Wendy’s believes the breach resulted from third-party service providers' remote access credentials being compromised. This allowed access, and the ability to deploy malware, to some franchisees' point-of-sale systems. To date, Wendy’s said there has been no indication that any Company-operated restaurants were impacted.  

PGA Tour Superstore is growing its retail presence even as many other big-box stores downsize.     The chain will open a 45,500-sq.ft. store at Woodlands Shopping Center, Houston, in a former Sports Authority location, this fall. It’s the first Houston location for the company, whose controlling owner is Arthur Blank, co-founder of Home Depot.