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  • Wal-Mart to spend $753 million to expand Canada presence

    Mississauga, Ontario -- Wal-Mart Stores isn’t about to let the grass grow under its feet in Canada. The discounter plans to spend about $753 million this fiscal year to expand its store presence in Canada, before rival Target Corp. begins its push in the country.

  • J.C. Penney stands behind Ellen DeGeneres despite protest from conservative group

    New York J.C. Penney Co. on Friday said it fully backs its partnership with the popular television star and comedian Ellen DeGeneres. Its support comes after One Million Moms, an extension of the conservative American Family Association group, asked the retailer to dump DeGeneres as a spokeswoman because she is a lesbian.

  • Saks Fifth Avenue partners with 194 charities nationwide for Feb. donations

    New York City -- Saks Fifth Avenue said Friday that, during February, it will give 5% of all registered purchases made with a Saks Fifth Avenue credit card back to local charities.

    Saks Fifth Avenue has partnered with 194 charitable organizations nationwide.

    “We appreciate our customers’ charitable involvement and look forward to giving back locally with this exciting and newly implemented national program,” said Steve Sadove, chairman and CEO, Saks Inc.

  • Urban Outfitters names CEO for namesake brand

    Philadelphia -- Urban Outfitters Inc. has appointed a former executive as CEO of its namesake brand. The company named Tedford Marlow as head of the Urban Outfitters Group, effective Feb. 6. Marlow he retired from the chain in 2010, after spending nine years as president of the Urban Outfitters brand.

    The announcement came almost a month after Richard Hayne, the company's chairman and president, succeeded CEO Glen Senk, who resigned. Hayne co-founded the company in 1970.
     

  • Kohl’s, Walmart, Whole Foods, Starbucks and Staples among nation’s leading green power purchasers

    New York City -- Kohl’s Department Stores and Walmart rank among the nation’s top purchasers of power according to the EPA’s most recent Green Power Partnership report. Kohl’s placed second in the ranking, while Walmart came in at third, followed by Whole Foods Market. Intel Corp. maintained its long-held top spot. Other retailers in the top 10 included Starbucks (No. 7) and Staples (No.9).

  • Julian Geiger resigns from Aeropostale board

    New York City -- Aeropostale said Friday it has appointed seven-year board member Karin Hirtler-Garvey as chairman of the board, replacing Julian R. Geiger who has stepped down as chairman and resigned from the board.

    In November, Gieger left his chairman/CEO post with Aeropostale to join Crumbs Bake Shop as president and CEO.

    Hirtler-Garvey is a CPA, and most recently was the chief risk executive for Ally Financial Inc.  Prior to that, she held various senior level management positions at Bank of America.

  • Discounters post solid results for January; Macy’s misses estimates

    New York City -- The nation’s discount chains reported solid results for January, with Target Corp., TJX Cos., and Costco Wholesale Corp. all reporting gains above expectations. Overall, discounters reported stronger results than department stores, which appeared to take a greater hit due to the unseasonably warm weather and heavy promotions.

    As the first month of the year, January accounts for only 20% Nov.-Jan. sales, and 7% of annual sales, according to RetailMetrics.

  • Macy’s appoints a new chief stores officer, and a new CMO

    Cincinnati -- Macy’s Inc. announced that Peter Sachse, the company's chief marketing officer and chairman of Macys.com, will succeed Ron Klein as chief stores officer, effective Feb. 13. Klein will retire from Macy's effective March 31, after 36 years with the company.

    Martine Reardon, executive VP marketing, will succeed Sachse as Macy’s chief marketing officer, effective Feb. 13.

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