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Department Store

  • Christopher & Banks names Barenbaum president and CEO

    Minneapolis -- Christopher & Banks Corp. announced Monday that it has named Larry Barenbaum as president and CEO, effective immediately.

    Barenbaum has served as Interim CEO since October 19, 2010.

  • Special on Target to air Thursday

    Everything you ever wanted to know about Target -- or at least what the company was willing to share with CNBC camera crews -- will be available for viewing in a few days. The financial network is set to air the one hour show, “Target: Inside the Bullseye,” on Jan. 13 at 9 p.m. EST and again at 10 p.m., 12 a.m. and 1 a.m. The program will also re-air on Jan. 15 at 8 p.m. and 11 p.m.

    Can’t wait until Thursday to watch the show? Here’s a few clips:

  • Stage Stores names CFO

    Houston -- Stage Stores said Monday that Oded Shein has joined the company as executive VP and CFO.

    Shein succeeds Edward Record, who was appointed COO in February 2010, but retained the CFO responsibilities while the search for his replacement was underway.

    Shein will report to Record and will oversee the company’s accounting, internal and external financial reporting, tax, investor relations, financial planning and analysis, loss prevention, and treasury operations.

  • Best Buy same-store sales fall in December

    Minneapolis -- Best Buy Co.’s December same-store sales fell 4% as softness continued in its sales of televisions and entertainment software.

    The retailer, which also reaffirmed its 2011 profit outlook, said on Friday that same-store sales in its domestic segment fell 5% and 0.1% internationally.

    Overall sales in the month slipped 1.6% to $8.4 billion.

  • Kentucky Oaks Mall to undergo renovation

    Paducah, Ky. -- Youngstown, Ohio-based Cafaro Co. announced that its Kentucky Oaks Mall property, located in Paducah, Ky., will under a major renovation.

    According to Cafaro, the rehab is the most significant in the mall’s 28-year history, involving both interior and exterior transformations. When complete, the mall will feature newly designed entrances, concourse skylights, new ceiling treatments, energy-efficient lighting, as well as new flooring treatments and soft-seating areas.

  • Hawthorn Hills Square launches redevelopment

    Vernon Hills, Ill. -- Beachwood, Ohio-based Chase Properties announced that Hawthorn Hills Square in Vernon Hills, Ill., is being redeveloped to coincide with the opening of Dick's Sporting Goods (December 2010) and PetSmart and Five Below that are expected to open in the spring. Additionally, Noodles will be opening a new freestanding restaurant at the center in the fall.

  • Sales mixed in December; Limited and Abercrombie lead specialty field

    NEW YORK - After coming off a strong November, U.S. retailers found their momentum largely waned in December, with sales impacted by a still-cautious consumer, early discounting and a blizzard that crippled the Northeast in the days immediately after Christmas. But while many chains missed Wall Street’s heightened expectations for December, the retail industry still turned in its strongest holiday performance since 2006.

  • Discount results a mixed bag as Target, Costco fall short and TJX outperforms

    New York City -- Discounters reported mixed results for December sales, with many, including Target Corp. and Costco Wholesale Corp., posting gains that fell below analysts’ expectations.

    Target Corp. said its same-store sales edged up 0.9%, well short of analyst expectations for a  4% increase. The chain said weaknesses in electronics, toys and some home categories offset strength in grocery and apparel items.

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