Department Store

Johannesburg, South Africa -- A Tuesday report by Bloomberg said that South Africa’s Economic Development Ministry made an “aggressive intervention” in Wal-Mart Stores’ bid to buy a stake in Massmart Holdings Ltd.

South Africa’s Trade, Economic Development and Agriculture Ministries made a joint bid to the Competition Tribunal to force Wal-Mart to restrict imports if it buys a controlling stake in Johannesburg-based Massmart, concerned about job losses.

Stevens, Pa. -- A survey released Tuesday by Unity Marketing revealed the list of retailers frequented by the most wealthy American shoppers – those earning $250,000 and up.

Barneys New York, Nordstrom and Bergdorf Goodman ranked as the top luxury department stores among the ultra-affluent in the Luxury Report 2011. However, the survey also uncovered signs that the wealthiest consumers are slowing their pace of shopping in these stores.

PLANO, Texas — Things just got a whole lot more interesting in the mid-tier department store space now that JCPenney has hired former Apple executive Ron Johnson to be its CEO. Johnson is a former Target merchandising executive who for the past 11 years oversaw the growth of Apple’s wildly successful and widely heralded retail operation.

China ranks as the most attractive emerging market for apparel retailers, according to global management consulting firm A.T. Kearney’s 2011 Global Retail Development Index for Apparel. The report advises that as U.S. consumer confidence and the overall economy continues an uneven recovery, the nation’s apparel retailers must look to high-growth emerging markets to expand their businesses and increase revenues.

Washington, D.C. -- The Retail Industry Leaders Association, the International Council of Shopping Centers and Paladino and Co., announced Tuesday a collaborative discussion among retailers and commercial shopping center developers to bridge the current landlord and tenant divide that exists around creating sustainable, energy-efficient retail stores in the United States.

Participants in the June 9 roundtable included Wal-Mart, Petco, Ann Taylor, Target, VF Corp., Best Buy, Westfield, Vornado and Kimco, among others.

DALLAS — Karen Katz, president and CEO of Neiman Marcus announced that John E. Koryl will be joining the company, June 20, as president of Neiman Marcus Direct. Koryl succeeds Gerald Barnes, who will become EVP, chief merchant Neiman Marcus Direct.

Koryl, 40, joins Neiman Marcus from Williams-Sonoma where he was the SVP e-commerce marketing and analytics. Prior to Williams-Sonoma, Koryl was senior director marketing solutions at eBay and has worked at UmbrellaBank, Creditland.com, and Accenture.

New York City -- Local 1-S of the Retail, Wholesale and Department Store Union announced that more than 4,000 union workers at Macy's Manhattan flagship and three other New York locations have voted to strike if a new contract is not reached by midnight on Wednesday.

The other stores are in the Bronx, Queens and Westchester County.

Some companies were more aggressive with promotions last months and others were less so, but Target held steady producing the same number of circular ad pages (109) in May 2011, and it did the same month the prior year, according to data collected by the Chicago based firm Market Track.