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  • South Carolina approves Amazon deal

    New York City -- South Carolina legislators gave final approval Wednesday to a deal bringing Amazon.com and its promise of 2,000 jobs to the state, the Associated Press reported.

    The House voted 90-14 to approve a compromise brokered last week in the Senate, sending the measure to Gov. Nikki Haley's desk.

  • Survey: Retail industry capital spending to rise 16% in 2011

    New York City -- Capital spending for the retail industry is expected to increase 16% in 2011 to $42.5 billion, with all sub-segments projecting double-digit percentage increases (except for mass merchants, whose growth is projected to rise 9%), according to a survey by Equity Research.

  • Macy's May sales rise 7.4%

    Cincinnati -- The day before most retailers report monthly results, Macy’s said Wednesday that same-store sales climbed 7.4% in May and total revenue rose 8.5% to $1.94 billion.

    The department store operator also raised its expectations for the second quarter, saying it now expects second quarter same-store revenue to climb about 5%. Its prior forecast called for an approximately 4% increase.

  • Barneys.com introduces international shipping

    NEW YORK — Barneys New York has announced that its e-commerce website, Barneys.com (www.Barneys.com), has introduced international shipping to 90 countries including Canada, South Korea, the United Kingdom, Australia, and China.

    According to Barneys, international customers will be able to make payments on Barneys.com in their preferred currency with cost-effective international shipping and handling services.  

  • Footwear chain confirms female CEO

    Leader footwear retailer Brown Shoes Company officially has a new president and CEO following its annual shareholders’ meeting. Diane Sullivan was named to both roles back in January, but the company implemented the change gradually as Sullivan assumed responsibilities from Ronald Fromm, who will continue to serve as chairman of the company best known for its Famous Footwear and Naturalizer store banner.

  • Footlocker makes mid-year executive moves

    Richard Johnson and Robert McHugh have seen their responsibilities expanded at Foot Locker, as the footwear retailer looks to enhance its focus on its retail and direct-to-customer business segments.

  • Dad gets his due this Father’s Day

    WASHINGTON — Ongoing economic challenges and high gas prices won’t put a dent in shoppers spending intentions this Father’s Day, according to new research from the National Retail Federation.

  • Social commerce solutions provider names CFO

    SAN FRANCISCO  — PowerReviews, a provider of social commerce solutions, announced that it has appointed former Google executive Keith Adams as CFO. 

  • Private-equity firm to acquire Academy Sports

    Houston -- New York private-equity firm Kohlberg Kravis Roberts & Co. LP said Tuesday that it plans to acquire a majority stake in Academy Sports + Outdoors, the Katy (Houston), Texas-based privately held sporting goods retailer with 131 locations throughout the Southeast.

    Terms of the deal were not disclosed.

    According to KKR, Academy Sports' president Rodney Faldyn will stay on as president and will assume the CEO job from David Gochman, who is the grandson of the chain’s founder.

  • Wal-Mart names top China execs following resignations

    Bentonville, Ark. -- Wal-Mart Stores said Friday it has replaced two of its top executives in China who resigned earlier this month.

    Mario-José Medina will serve as the head of Wal-Mart financial operations in China. He previously worked as the CFO of Wal-Mart Chile, and was hired in 2007 to be the CFO of Wal-Mart Puerto Rico.

    The company also said that Del Sloneker, a former senior VP, will become COO in China.

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