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Retail

  • Macy’s, Martha Stewart and J.C. Penney back in court

    New York -- The fight over Martha Stewart resumed with both Macy's and J.C. Penney Co. back in a New York court on Monday. The trial, over whether Macy's has an exclusive right to sell select Martha Stewart home goods items, resumed after a month-long mediation effort failed to yield a settlement.

    On Monday, Macy’s alleged Penney has begun selling some items on its website that infringe on Macy’s exclusive deal with Martha Stewart.

     

  • Cache names two new directors

    NEW YORK — Cache Inc., a specialty chain of women’s apparel stores, announced that Michael Price, managing partner of MFP Partners, L.P., Cache’s largest shareholder, has joined the board of directors. In addition, Charles Hinkaty, formerpresident and CEO of Del Laboratories Inc., has been appointed to the board. In connection with their appointments, Michael Price and Charles Hinkaty have been appointed to the nominating and governance committee and the compensation and plan administration committee of the oard.

  • Johnson out as CEO of J.C. Penney; Ullman back

    New York -- Ron Johnson is out as CEO of J.C. Penney. In making the announcement, the company also said that that Myron E. (Mike) Ullman has rejoined Penney as CEO, effective immediately. Ullman, who served as CEO of Penney until late 2011, has also been elected to the board of directors.

    Johnson’s departure was not all that unexpected given the chain’s mounting losses and sales declines. But it was still a stunning reversal of fortune for the former golden boy of Apple, who left the tech giant amid great fanfare for the top job at Penney.

  • Genesco to pull out of Chicago stock exchange

    Nashville -- Genesco Inc. said Friday it will withdraw its listing on the Chicago Stock Exchange, citing a need to streamline operations and eliminate overlapping administrative requirements and costs.

    The company, which owns the Journeys, Lids, and Johnston & Murphy banners among others, will continue to list its common stock on the New York Stock Exchange.  

     

  • Kroger, ECOtality spark an expanded EV charging station project

    SAN FRANCISCO — ECOtality and Kroger have announced an expanded partnership that includes the installation of more than 200 level 2 (quick charge) charging stations, and 25 DC Fast Chargers, to be installed across key markets through the EV Project. This multimillion dollar expansion will bring the total number of Blink chargers at the Kroger Family of Stores to almost 300.

  • Report: Retail employment slumps most in a year

    Washington, D.C. -- A report on Friday by the Labor Department showed that retail employment declined by 24,000 in March, the biggest slide since February 2012. The largest hiring slump occurred among clothing and accessories stores, which dropped 15,000, followed by a 10,000 decrease among building-material and garden suppliers.
     
    Retailers have been slow to hire largely because of the concern over the 2% increase in payroll taxes and how the bump is impacting consumer spending.

  • Cha Ching! Eight Ways to Ratchet Up Online Sales All Year Long

    By Brad LaRock, [email protected]

    If the 2012 holiday retail season proved anything, it’s this: the smart merchant gets the sale. Retailers have to plan strategically, segment their customer base, and think like today’s super connected shopper.

  • KitchenAid launches recycling program with Illinois electronics store

    BENTON HARBOR, Mich. — KitchenAid is partnering with Abt Electronics in Glenview, Ill. to kick off Earth Week and encourage the responsible disposal of unwanted small electric kitchen appliances. From April 18 through May 16, Abt customers will receive an instant rebate toward the purchase of a new KitchenAid small appliance when they bring in any brand of small electric kitchen appliances to the store.  

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