Department Store

With Mother’s Day right around the corner, General Growth Properties teamed up with Broyhill to give shoppers an opportunity to enter a contest to win mom an entire Broyhill living set, valued at more than $4,000. To enter, customers can simply visit a participating mall’s Facebook page and in 150 words or less, tell why “mom” is the best! The grand prize is a seven-piece furniture set, featuring pieces from the Perspectives collection, including a sofa, two chairs, square coffee table and more.

Dallas -- Zale Corp. is extending the maturity of $120 million of its credit facility by more than two and a half years, the Associated Press reported.

The portion being extended includes a seasonal adjustment of $20 million. The debt was set to mature Aug. 11. Now, it matures on April 30, 2014.

Zale said Monday that commitments under the facility remain at $650 million, including a $108 million seasonal adjustment. All commitments mature on the new date in 2014.

Naperville, Ill. -- OfficeMax announced that Michael J. Lewis will assume the role of executive VP and president of retail, effective May 2. He will have full responsibility for the retail P&L and all aspects of the retail business, including merchandising, store operations and real estate.

Most recently, from 2010 to early 2011, Lewis served as global head of a merchandising center for Wal-Mart Stores,

New York City -- Retailers across the nation issued updates on their environmental initiatives in the days leading up to Earth Day, April 22. Starbucks Coffee Co. released its tenth annual "Global Responsibility Report," noting it has reduced water use, increased its renewable energy purchases and is testing a new energy management story (see story here).

Cleveland -- Forest City Enterprises said Wednesday it has promoted Duane F. Bishop Jr., to the position of executive VP and COO of the company’s Commercial Group.

Bishop was previously executive VP – Asset Management. 

Forest City’s Commercial Group, the largest of three major strategic business units, includes the company’s retail, office and hotel properties.

New York City -- A western Pennsylvania woman filed a federal lawsuit Wednesday against Target Corp. and its law firm over the chain's debt-collection practices, the Associated Press reported. The woman claims false affidavits were used to go after customers who allegedly owed money to a subsidiary bank that issues the store's credit cards.

Cincinnati -- Macy's announced that it is taking new steps to become a more sustainable company.

"Our company has embraced the principles of sustainability, and we continue to take actions that are tangible, measurable and meaningful in reducing our use of scarce resources and improving the efficiency of our business in serving customer needs," said Tom Cole, Macy's chief administrative officer. "We have made significant progress over the past several years, and we continue to move forward with new ideas in 2011 and beyond."

New York City -- The high price of cotton is one of the biggest challenges that J.C. Penney Co. faces this year, chairman and CEO Mike Ullman said during a panel discussion at Southern Methodist University, the Dallas Business Journal reported.

Cotton prices in March hit their highest levels in decades after floods in Australia and Pakistan and freezes in China wiped out farmers' crops. That means consumers will see rising clothing prices for the first time in more than 20 years, Ullman said, who predicted increases of 5% to 20%.