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Department Store

  • Study: Majority of Americans negatively impacted by dirty stores

    Cincinnati -- A survey released Thursday by Cintas Corp. found that 99% of U.S. adults say poor cleanliness negatively impacts their perception of a retail store.

    In the telephone survey conducted by Harris Interactive among more than 1,000 U.S. adults ages 18 and older, respondents said that dirty restrooms and unpleasant odors are more annoying than poor customer service.

  • TJX HomeGoods to open on Michigan Avenue

    Chicago -- Oakbrook Terrace, Ill.-based Mid-America Real Estate Group said Thursday that TJX's HomeGoods has signed a lease for 25,503 sq. ft. of space at 600 N. Michigan Avenue.

    The site is the largest single-footprint space available in the district.

  • Dillard's plans to form REIT

    Little Rock, Ark. -- In a regulatory filing on Wednesday Dillard's said it plans to form a real estate investment trust, with the objective of improving liquidity.

    According to the department store retailer, various company entities will transfer interests in properties to the REIT, which will then lease the properties back to them.

    "Dillard's believes the formation of a REIT may enhance its ability to access debt or preferred stock and thereby enhance its liquidity," the filing said.

  • Kohl’s and First Data team on private brand credit-card processing

    Atlanta -- First Data Corp. said Thursday that it has entered into an agreement with Kohl’s Department Stores to provide payment processing services for the company’s private brand credit-card accounts.

    The multi-year agreement calls for First Data to provide Kohl’s with credit-card processing, customer analytics, risk-management services and automated customer service workflow tools.

    Financial terms of the agreement were not disclosed.

  • New York & Co. hires former Coach exec

    New York City -- New York & Co. announced on Wednesday the appointment of David Witkewicz to executive VP design, effective this month.

    Witkewicz will report to Greg Scott, president, and will serve on the company’s executive committee.

    Witkewicz was previously VP design for Coach.

  • Two new members join RILA board

    SARASOTA, Fla. -- The Retail Industry Leaders Association (RILA) announced that Bill Simon, president and CEO of Walmart stores, and Steven Preston, president and CEO of OakLeaf Waste Management were named to the RILA board of directors, following the board’s semi-annual board of directors meeting held Sunday in Sarasota, Fla.

    Simon replaces Walmart vice chairman and president and CEO of global e-commerce and global sourcing Eduardo Castro-Wright.

  • Saks Off 5th to open in Mississippi

    New York City -- Saks Fifth Avenue Off 5th announced that it plans to open a store at the Tuscany Place Designer Outlets, a new, upscale pedestrian-friendly lifestyle outlet development in Madison, Miss.

    The center and the Saks Fifth Avenue Off 5th store are expected to open in the spring of 2012.

    "We look forward to opening our first Saks Fifth Avenue Off 5th store in Mississippi where the temperate climate allows for year round shopping," noted Robert Wallstrom, president of Saks Fifth Avenue Off 5th.

  • Target names head of Canadian operations

    Minneapolis -- Target Corp. said that it has promoted Tony Fisher to president of Target Canada as the retailer prepares to open its first stores in the country. He will be responsible for building the team, establishing the headquarters and leading the day-to-day operations of the corporation's recently announced expansion into Canada.

    The chain tapped an 11-year employee to lead its Canadian business. Last week, Target announced it bought 220 Zeller's leaseholds and it plans to open between 100 and 150 Target stores in Canada beginning in 2013.

  • A busy week for Target

    Between announcing its first international acquisition and disclosing details of its U.S. expansion program, the Target board found time to squeeze in authorization of a quarterly dividend payment. The company’s dividend is currently 25 cents a share and is payable on March 10 to shareholders of record on Feb. 16. The first quarter dividend will be the company’s 174th consecutive dividend paid since October 1967 when the company became publicly held.

  • Who should we make the check out to?

    Talk about favorable media coverage. CNBC aired a one-hour special last week called “Target: Inside the Bullseye,” that served as more of a glowing endorsement of the company than the probing documentary implied by the title.

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