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Retail

  • Costco and IRI expand relationship

    Chicago -- Information Resources (IRI), the exclusive provider of Costco point-of-sale and inventory information to the manufacturer community, and Costco Wholesale announced several enhancements to their Costco Collaborative Retail Exchange (CRX) program, a single, global solution for category, POS and supply chain tracking at Costco, and the launch of Costco CRX Mexico.

  • Cabela’s puts succession plan in motion

    Sidney, Neb. -- Cabela's Inc. said Monday that its co-founder and chairman Richard N. Cabela has transitioned to the role of chairman emeritus, effective June 5, as part of the company’s succession plan.

    Dick’s brother, James W. Cabela, co-founder and currently vice chairman, will become chairman following the June 5 annual meeting of shareholders.

  • Simon and Mitsubishi Estate open Shisui Premium Outlets in Japan

    Indianapolis -- Simon Property Group announced today that, in partnership with Mitsubishi Estate Co., Ltd., it has opened Shisui Premium Outlets (Shisui Town, Inba District, Chiba Prefecture), the ninth Premium Outlet Center in Japan.

  • Six Most Common Mobile App Security Mistakes

    By Nish Bhalla, [email protected]

    It’s hard to think of a company, retail or otherwise, that isn’t developing a mobile app these days — but the vast majority of apps are riddled with security flaws that could jeopardize the end-user and expose the company to high costs and embarrassment.

  • Leslie's Swimming Pool opens 8 stores this week, 48 in spring

    Phoenix -- Leslie’s Poolmart said Monday it will grand-open eight Leslie’s Swimming Pool stores on April 26-28, part of the company’s pre-stated goal to open 48 new stores in spring 2013.

    New stores will open in Bristol, Conn.; South Elgin, Ill.; Kansas City, Mo.; Medford, N.J.; Depew, N.Y.; Huber Heights and Canton, Ohio; and Doylestown, Pa.

    With the 48 new stores and its recent acquisition of 24 Warehouse Pool Supply stores in the Houston area, Leslie's will bring its total store count to more than 800 stores nationwide.

  • Office Depot shareholder redoubles efforts to change board

    New York -- Investment firm Starboard Value, Office Depot’s largest stockholder with a 14.8% stake, revealed Monday it has delivered a letter to the office supply retailer’s board of directors, expressing “strong disappointment at the board's failure to work constructively with Starboard to reconstitute the board.”

    In March, Starboard nominated six candidates, including former Home Depot chief Robert Nardelli – to Office Depot’s board in an effort to strengthen the company’s direction.

  • Two more executives exit J.C. Penney

    New York -- J.C. Penney announced Thursday that its COO Michael Kramer has resigned, along with chief talent officer Daniel Walker – bringing Penney’s April executive casualty number to five. Both resignations had been previously reported.

    Kramer’s resignation was disclosed via a Securities and Exchange filing. He walked away with a $2+ million cash payment.

    The two latest resignations follow CEO Ron Johnson’s departure last week, along with product development lead Nick Wooster and marketing VP Sissie Twiggs.

  • Restoration Hardware swings to loss in Q4, but edges forecasts

    Corte Madera, Calif. -- Restoration Hardware Holdings Inc. reported Friday a loss of $28.4 million for the quarter ended Feb. 2, compared with a profit of $24 million in the year-ago period. Results, impacted by costs associated with the company’s November 2012 IPO, edged analysts’ expectations.

    Revenue surged 30% to $398.1 million from $305.2 million last year, beating Wall Street’s forecast of $390.5 million. Same-store sales advanced a hefty 26%.

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