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  • Putting Twilight to the test

    Usually Walmart is the retailer promoting the midnight release of some hot Hollywood title, but early next month Target is taking a run at the new release strategy with the release of The Twilight Saga: Breaking Dawn – Part 1.

  • Tennant adds additional strategic accounts manager

    Minneapolis -- Due to continued growth in the retail market, Tennant Co. announced it has added an additional strategic accounts manager.  Brian Clifton has been hired to work closely with key retailers to design and implement floor care programs that add value to their organizations.

  • Design darling Wu a winner for Target

    Fashion phenom or design darling. Whatever you call Jason Wu, he’s got a new line coming to Target Feb. 5 that could be a big deal on several levels.

  • Hudson’s Bay completes acquisition of Lord & Taylor

    New York City -- Hudson’s Bay Co. has completed the acquisition of Lord & Taylor, according to a report by Women’s Wear Daily.

    The report said that HBC owner Richard Baker has dissolved the umbrella company that had until now held the two chains, and that HBC would now operate The Bay and Lord & Taylor. The new entity will be run by Bay CEO Bonnie Brooks, according to the report.

  • A retail leader named chairman of retail leaders association

    Target chairman, president and CEO Gregg Steinhafel was elected chairman of the board of the Retail Industry Leaders Association (RILA).

    Steinhafel previously served as the board’s vice chairman and in his new capacity succeeds former RILA board chairman Bill Rhodes, chairman, president and CEO of AutoZone. 

  • President of Old Navy resigns

    San Francisco -- Gap Inc. announced Thursday that Tom Wyatt, president of Old Navy, will leave the chain, effective Feb. 3, 2012. The company named two senior Old Navy executives — Nancy Green, executive VP and chief creative officer, and Tom Sands, executive VP of stores and operations — to assume his duties while a search is held for a permanent replacement.

    Wyatt, 56, was appointed president of Old Navy in 2008. He is leaving the chain to become the CEO of Portland, Ore.-based childhood education company Knowledge Universe.

  • Old Navy president resigns

    SAN FRANCISCO — Gap Inc. has announced that Tom Wyatt, president of its Old Navy brand, has resigned in order to take a position at another company outside of the apparel retail business, effective Feb. 3. The company has named two senior executives at Old Navy to lead the division, reporting to Gap Inc. chairman and CEO Glenn Murphy, while a formal search for a new brand president is under way.

  • Reports: Target mulls new pricing strategy

    New York City -- Target Corp. is mulling a  new pricing strategy amid increased competition from online and brick-and-mortar rivals, according to reports by the Associated Press and Dow Jones.

    The reports said that Target  has sent a letter to some of its key vendors as part of a potential new strategy to bolster its competiveness. The news comes just days before J.C. Penney is scheduled to announce a major overhaul in which pricing is likely to play a key role.

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