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  • Cabela’s expands in Canada

    Sidney, Neb. -- Cabela’s will open a store Saskatoon, Saskatchewan, Canada, in spring 2012. The 50,000-sq.-ft. store will be Cabela’s third store in Canada, joining locations in Winnipeg, Manitoba, a former S.I.R. Warehouse Sports Store acquired and converted in 2008, and Edmonton, Alberta, to open late this summer.

  • Dish Network wins auction, acquiring Blockbuster for $228 million

    New York City -- Satellite TV company Dish Network Corp. said Wednesday that it won the auction for Blockbuster with a bid valued at $228 million in cash. The transaction, expected to close the deal during the second quarter, needs bankruptcy court approval.

    As of Tuesday, Dish, investor Carl Icahn and a group of debt holders were the three remaining bidders for the Dallas movie-rental chain, which filed for Chapter 11 in September.

  • DSW names new leadership at online division

    COLUMBUS, Ohio -- DSW Inc. has announced the appointment of Roger Rawlins to SVP and GM DSW.com, and Jennie Wilson as SVP finance and controller.

  • American Apparel gets into jeans

    LOS ANGELES -- American Apparel announced that it has launched its first line of jeans called, "Made in USA."

    "Jeans are an iconic, essential part of the modern wardrobe, just like the t-shirt. No one does basics like American Apparel. We've mastered the basic t-shirt, now we're getting excited about jeans," said Dov Charney, CEO and founder of American Apparel.

    According to the company, the first styles in the American Apparel Jeans line will be constructed of a 14 ounce denim made of 100% cotton.

  • Kohl's completes deal with Capital One

    MENOMONEE FALLS, Wis. -- Kohl’s Department Stores announced the completion of its private-label credit card portfolio transfer to Capital One Financial Corporation, effective as of April 1, 2011. Capital One has acquired the more than 20 million existing Kohl’s Charge accounts and through the seven-year agreement will offer private-label credit cards to new and existing Kohl’s customers.

  • Walgreens' March sales jump

    DEERFIELD, Ill. — Walgreens on Tuesday reported March sales of $6.3 billion, an increase of 7.6%. Duane Reade stores, acquired in April 2010, contributed 280 basis points to the total sales increase for the month.

  • See who's on top of this year's most reputable companies list

    NEW YORK -- A good reputation -- whether warranted or not -- can do a lot for a company's bottom line. So those companies that found themselves at the top of Forbes' most reputable companies list have much to celebrate.

  • DSW names exec appointments to support strategic growth

    Columbus, Ohio -- DSW announced Tuesday that it has named Roger Rawlins senior VP and general manager of DSW.com, and has named Jennie Wilson to the position of senior VP of finance and controller of the company.

    According to the shoe retailer, both appointments are designed to support long-term strategic growth initiatives for the company.

  • Walgreens sales rise 7.6% in March

    Deerfield, Ill. -- Walgreens said Tuesday that sales for the month of March rose 7.6% to $6.28 billion, compared with $5.83 billion in the year-ago period.

    Duane Reade stores, acquired in April 2010, contributed 2.8% to the total sales increase for the month.

    Same-store sales rose 3% in March, not including Duane Reade stores. Results topped Wall Street expectations.

    Walgreens opened 12 stores during March, including three relocations, acquired one store and closed two.

  • Blockbuster auction to continue into second day

    New York City -- Blockbuster's bankruptcy auction is set to stretch into a second day on Tuesday after preliminary talks between bidders and the chain's representatives dragged on late into Monday, a company spokesman said.

    Blockbuster did not say how many bidders it attracted, but halls outside the auction room in Manhattan bankruptcy court were packed with attorneys and investment bankers refining their bids throughout Monday, Reuters reported.

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