Retail

New York -- Brown Shoe Company’s Sam Edelman brand has opened a 3,500-sq.-ft. store in Beverly Hills, California.

The space has a sexy, stylish and whimsical vibe that’s meant to reflect the essence of the brand. The design, by Dagnell Folger of Architecture + Information, embraces the juxtaposition between raw and refined, mixing materials such as reclaimed wood and raw concrete with rose colored brass and black leather.

San Jose, Calif. – PayPal has released a version of its PayPal Here mobile payment card acceptance app and reader that is compliant with most major Android tablets. The PayPal Here service itself had previously been available for Android smartphones, but not tablets.

The release primarily allows users of tablet-sized Android devices to now use PayPal Here to accept card payments. There are no major new features.

New York – Chinese e-commerce giant Alibaba Group Holding Ltd. on Friday closed its first day of trading on the New York Stock Exchange with its shares up 38% from its I.P.O., closing at $93.89.

The stock opened for trade on Friday at $92.70 shortly, a 36% jump above its initial public offering price of $68 a share. More than 100 million shares changed hands in composite trading in the first 10 minutes of trading.

With the recent unveiling of a new corporate name and a network of retail pharmacies that are now officially tobacco-free, CVS Health continues to forge ahead on its mission to help shape the future of health care. To further communicate its purpose to both consumers and press and to discuss how the company’s unique, integrated model is making a difference in healthcare, Larry Merlo, president and CEO of CVS Health, spoke on Friday before the National Press Club in Washington, D.C.

Pittsburgh -- GNC Holdings named Jeffrey R. Hennion as executive VP, chief marketing and e-commerce officer. Hennion most recently served as president and CFO of mobile commerce provider Branding Build.

Prior to Branding Brand, Hennion led GNC's marketing and e-commerce efforts in 2011 and 2012.  He also spent 10 years with Dick's Sporting Goods in a number of senior leadership roles, including executive VP, chief marketing officer and head of e-commerce.

Investors don’t seem to care that Home Depot’s data breach is being characterized as the largest ever in the retail sector with shares of the company hitting a new high on Friday.

Home Depot shares touched a 52-week high of $93.75 on Friday a day after the company disclosed details about an extensive data breach which went undetected for months and compromised the information of 56 million customers.

St. Louis -- Brown Shoe Company has invested $9 million in Jack Erwin, an online men’s shoe brand that launched last year. It’s Brown’s first investment in a startup.

Founded by Ariel Nelson and Lane Gerson, Jack Erwin creates high-quality men’s shoes, selling them directly to consumers for under $200 a pair.