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Retail

  • Brookstone CEO resigns after taking chain through bankruptcy

    New York -- Brookstone said its president and CEO, James M. Speltz, has resigned. The specialty retailer appointed Steve Schwartz, the company's chief merchandising officer, to serve as interim president and CEO.

    Speltz helped Brookstone emerge from Chapter 11 bankruptcy protection in June. Also in June,  a bankruptcy court judge approved its sale to to a consortium of Chinese investors, Sailing Innovation Inc., for $135.7 million.

  • Shopko stores to debut revamped open-sell jewelry departments and expanded women’s apparel

    Green Bay, Wis. -- Shopko will unveil the results of a partial store remodeling project in all of its 133 Shopko stores on Sept. 18.

    The remodel includes the removal of the stores' large glass jewelry cabinets to make shopping in the jewelry department more convenient and accessible to consumers. Customers will no longer have to wait for a store associate to unlock and remove jewelry items, but will be able to easily see, touch and try on jewelry pieces.

  • Sears expands In-Vehicle Pickup service to include returns, exchanges

    Hoffman Estates, Ill. -- Sears has added returns and exchanges to its In-Vehicle Pickup service. The new integrated retail service, powered by the chain’s Shop Your Way loyalty program mobile app, lets members pick up, return or exchange their purchases for free – guaranteed in five minutes or less – without ever leaving their vehicle.

  • Big brands and Walmart helping with hunger

    Six of the nation’s largest food companies and the Walmart Foundation are appealing to Americans with an innovative digital campaign to direct $3.7 million in donations to food banks.

  • Office Depot plans transfer to Nasdaq

    Boca Raton, Fla. – Office Depot Inc. will transfer the listing of its common stock from the New York Stock Exchange to the Nasdaq Global Select Market. The company expects its common stock to cease trading on the NYSE effective at the close of business on Sept. 25, and to commence trading on Nasdaq on Sept. 26, when the market opens.

    The company will retain its current ticker symbol “ODP” when trading begins on Nasdaq.

  • Bon-Ton closing Illinois store in January 2015

    York, Pa. - The Bon-Ton Stores, Inc. will close its Carson’s Fox Valley Furniture Gallery in the Heritage Square Shopping Center in Naperville, Illinois. The company will not renew its lease, which terminates Jan. 31, 2015.

  • T.J.Maxx enlists stars for style campaign

    This fall, T.J.Maxx is partnering with Erika Christensen and designer Jenn Rogien, who has made headlines for her wardrobe curations for hit TV series such as “Girls” and “Orange Is the New Black,” for a new ad campaign revolving around a woman’s style.

  • Ann Inc. responds to investors, says focus remains on value

    New York – Ann Inc. is publicly responding to an open letter sent by activist investors Engine Capital and Red Alder on Aug. 25, which urged the company to sell at a substantial premium above current stock price. In a press release, Ann Inc. said its board is “very active and consistently has been, and remains, focused on enhancing shareholder value.”

    Ann Inc. also said its board regularly reviews all options and uses a financial advisor to help evaluate them.

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