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  • A ‘Penney’ for your thoughts…

    There has been a lot of chatter in our industry circles — really, everywhere — about the recent big announcement from J.C. Penney CEO Ron Johnson regarding the iconic brand’s plans for the future. Anyone who’s visited a J.C. Penney lately — present company included — can see the brand needs to make some changes. They’ve been losing traction to competitors like Target and Kohl’s in recent years, and, in my opinion, have had some trouble defining themselves in a fairly crowded and competitive segment. Similar to the issues facing Sears, J.C.

  • Online spending jumps 13% in 2011, hits $161.5 billion

    Reston, Va.  -- Online retail spending reached $49.7 billion for the fourth quarter, up 14% over a year ago, according to comScore.  It was the ninth consecutive quarter of positive year-over-year growth and fifth consecutive quarter of double-digit growth rates. For the entire 2011 year, U.S. retail e-commerce spending reached a record $161.5 billion, marking a 13%  increase from 2010.

  • Container Store to open six stores in 2012

    Dallas  -- The Container Store announced it will open six locations in 2012, making this the largest real estate growth year in the company's history and bringing the company's store count to 59 by year's end. 

    The new stores will be located in Arlington, Texas;  Las Vegas; El Segundo, Calif., Peabody, Mass., and Westbury, N.Y., with a sixth location still being finalized.

  • Toys 'R' Us names chief merchandising officer

    Wayne, N.J. -- Toys “R” Us has named Richard Barry as  senior VP, chief merchandising officer, Toys“R”Us, U.S.  In his new role, Barry is responsible for all aspects of merchandising initiatives for the company’s U.S. operations.

    Prior to the promotion, Barry served as VP, general merchandising manager for Toys“R”Us, U.S., overseeing the learning and electronics and entertainment product categories.

  • Payless ShoeSource in deals to open stores in Korea, Thailand and Vietnam

    Topeka, Kansas — Payless ShoeSource, a division of Collective Brands, announced that it has signed two new franchise agreements with partners Emart, a business unit of Shinsegae Group, Seoul, for stores in Korea, and Central Marketing Group, a business unit of Central Group, Bangkok, for stores in Thailand and Vietnam, bringing the total countries, which will have franchised Payless stores to 20 countries.

    Payless and its partners said that in 2012 they expect six store openings in Korea, as well as five stores each to open in Thailand and Vietnam.

  • Julian Geiger resigns from Aeropostale board

    New York City -- Aeropostale said Friday it has appointed seven-year board member Karin Hirtler-Garvey as chairman of the board, replacing Julian R. Geiger who has stepped down as chairman and resigned from the board.

    In November, Gieger left his chairman/CEO post with Aeropostale to join Crumbs Bake Shop as president and CEO.

    Hirtler-Garvey is a CPA, and most recently was the chief risk executive for Ally Financial Inc.  Prior to that, she held various senior level management positions at Bank of America.

  • Saks Fifth Avenue partners with 194 charities nationwide for Feb. donations

    New York City -- Saks Fifth Avenue said Friday that, during February, it will give 5% of all registered purchases made with a Saks Fifth Avenue credit card back to local charities.

    Saks Fifth Avenue has partnered with 194 charitable organizations nationwide.

    “We appreciate our customers’ charitable involvement and look forward to giving back locally with this exciting and newly implemented national program,” said Steve Sadove, chairman and CEO, Saks Inc.

  • Urban Outfitters names CEO for namesake brand

    Philadelphia -- Urban Outfitters Inc. has appointed a former executive as CEO of its namesake brand. The company named Tedford Marlow as head of the Urban Outfitters Group, effective Feb. 6. Marlow he retired from the chain in 2010, after spending nine years as president of the Urban Outfitters brand.

    The announcement came almost a month after Richard Hayne, the company's chairman and president, succeeded CEO Glen Senk, who resigned. Hayne co-founded the company in 1970.
     

  • Kohl’s, Walmart, Whole Foods, Starbucks and Staples among nation’s leading green power purchasers

    New York City -- Kohl’s Department Stores and Walmart rank among the nation’s top purchasers of power according to the EPA’s most recent Green Power Partnership report. Kohl’s placed second in the ranking, while Walmart came in at third, followed by Whole Foods Market. Intel Corp. maintained its long-held top spot. Other retailers in the top 10 included Starbucks (No. 7) and Staples (No.9).

  • Bottom Dollar to open seven more stores in Pittsburgh and Youngstown, Ohio, markets

    Salisbury, N.C. -- Bottom Dollar Food will open an additional seven stores in the greater Pittsburgh and Youngstown, Ohio, markets on Feb. 9

    The discount grocer opened its first seven stores in the greater Pittsburgh area on Jan. 26.
     

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