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Department Store

  • Target’s chief style officer steps down

    The woman who put the “T” in Tarjay is stepping down from her role as chief merchandising officer and adding some uncertainty about the retailer’s direction under the leadership of chairman and CEO Brian Cornell.

  • C-suite shakeup at Target: Chief merchant steps down

    Minneapolis -- The transformation of Target Corp. under the leadership of new CEO Brian Cornell continues with the departure of one of its top-ranking executives.

    The company announced that Kathryn A. Tesija, executive VP, chief merchandising and supply chain officer will move into an “advisory role” effective July 6.

  • Another online player to open physical stores

    New York – Online jewelry retailer BaubleBar is making the leap to brick-and-mortar.

    Launched in 2011 by two former investment bankers with Harvard MBAs, the retailer will open its first-ever, permanent brick-and-mortar location, a 1,200-sq.-ft. shop at Roosevelt Field Mall, in Garden City, New York. The mall is one of the nation’s largest shopping centers.

  • Three Tech Solutions to Help Quickly Resolve Confederate Flag —and Other Product — Controversies

    While the Confederate flag has been an increasing source of controversy in recent years, retailers have long sold items featuring its image with no major outcry. But following the tragic shooting in Charleston, consumer sentiment against the “Stars and Bars” intensified to a degree that made selling Confederate flag-themed merchandise unacceptable to a large portion of the public within a few days.

  • Bed Bath & Beyond misses Q1 profit, same-store sales

    Union, N.J. – Bed, Bath & Beyond Inc. missed Wall Street expectations for profit and same-store sales during a not-so-comfy first quarter of 2015. Net earnings dropped 18% to $158.5 million from $187.1 million, with increased selling, general and administrative (SG&A) and interest expenses offsetting higher gross profit.

    Net sales totaled $2.74 billion, an increase of 3% from $2.66 billion. Same-store sales increased by 2.2%, including the negative impact of Canadian currency fluctuation.

  • More exec changes at 99 Cents Only

    New York -- Discounter 99 Cents Only has appointed a former Walmart executive as interim CFO — for the second time.

    Less than a month after former Kmart executive Andy Giancamilli was named interim president and CEO, 99 Cents named Michael Fung to the role of CFO.

  • One to watch: more exec changes at 99 Cents Only

    An ongoing senior leadership transformation at 99 Cents Only stores has put a former Kmart executive in the role of interim CEO and now the company has named a former Walmart executive as interim CFO for the second time.

    Less than a month after Andy Giancamilli was named interim president and CEO, 99 Cents only named Michael Fung to the role of CFO. Both men served on the company’s board of directors with Giancamilli in the role as chairman.

  • Champs Sports debuts The Armoury

    Bradenton, Fla. - Champs Sports is collaborating with Under Armour on an in-store concept.

    Champs will debut The Armoury at its store in The Mall in Columbia in Columbia, Maryland.

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