Department Store

Two retail and consumer product goods veterans are the newest members of Target's board of directors.

At a time when the Chinese currency is being devalued and Macy’s financial results are disappointing investors, the company is forming an exclusive partnership with Alibaba.

The turnaround at Gap Inc. is still struggling to get off the ground, if the retailers' latest round of financial results are any indication.

Gap reported that net sales for the four-week period ended Aug. 1 were $1.12 billion compared with net sales of $1.17 billion for the four-week period ended Aug. 2, 2014. For the second quarter of fiscal 2015, Gap Inc.’s net sales decreased 2% to $3.90 billion compared with $3.98 billion for the second quarter last year.

Miami -- Terranova, Lincoln Road shopping district’s largest property owner, released redevelopment plans to activate Lincoln Lane North by developing 723 North Lincoln Lane and 801 Lincoln road buildings. These buildings are part of Miami, Florida’s eight-block retail, dining and entertainment district located blocks from Miami Beaches.   

New York -- Female millennial shoppers still like the mall when it comes to shopping for back-to- school goods, and they are also using social media platforms to talk about it.

Target is teaming up with Canadian footwear chain Aldo on a new range of shoes and accessories, according to a report from Footwear News.

The publication says the new collection will be called A+, is inspired by the Aldo brand, and will launch at all Target stores this month. 

In addition to partnerships with Stride Rite and Steve Madden, the publication says Target will continue to explore other shoe partnerships.

Aldo Group operates 1,900 stores in 94 countries. 

San Francisco -- Gap Inc. is still searching for its turnaround.

Gap Inc. issued a second-quarter earnings forecast that was below Wall Street analysts' estimates, with its results impacted by foreign currency fluctuations, West Coast port delays and previously announced store closings in its namesake brand.

Gap reported less-than-expected total sales of $3.9 billion for the second quarter, down 2% from the $3.98 billion the year-ago period.

New York -- Barnes & Noble claims the top position in a list of the most powerful “Back-to-School” retail brands, according to Tenet Partners’ Top 20 ranking.  

Rounding out the top five: Walmart, Bed, Bath & Beyond, Amazon and Old Navy.