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  • Macy's sues Martha Stewart Living for breach of contract

    New York City -- A New York state Supreme Court filing on Monday disclosed that Macy’s Inc. is suing Martha Stewart Living Omnimedia Inc. for breach of contract after Martha Stewart set up a new deal last December with J.C. Penney to sell products at its stores.

    According to Macy's, Martha Stewart Living granted it product exclusivity under a 2006 agreement. J.C. Penney, which acquired a 16.6% stake in the company in December, plans to open Martha Stewart Living in-store shops, beginning in 2013, which violates that exclusivity, said Macy’s.

  • New finance leader named at Target

    MINNEAPOLIS — Target has promoted John Mulligan to the position of EVP and CFO, effective April 1. Mulligan currently serves as SVP finance. He replaces Doug Scovanner, Target’s EVP and CFO for the past 18 years, who announced his retirement in November 2011, effective March 31. 

  • Target names John Mulligan CFO

    Minneapolis -- Target Corp. announced Tuesday it has promoted current senior VP-finance John Mulligan to executive VP and CFO, effective April 1.

    The announcement concludes a comprehensive search which included both internal and external candidates, said Target.

    Mulligan succeeds Doug Scovanner, who announced his retirement last November.

    A 16-year Target veteran, Mulligan has held leadership positions in finance, target.com and human resources.

  • Free People, Allen Edmonds to open Cleveland locations

    Woodmere, Ohio -- Urban Outfitters’ concept Free People, as well as men’s shoe retailer Allen Edmonds, will make their debut to the Northeast Ohio market when they open their doors at Eton Chagrin Boulevard.

    The Eton location is Free People’s first Ohio boutique while the only other Allen Edmonds stand-alone store in the state is an outlet store in Jefferson, Ohio.

  • Coach profit rises 15% in Q2

    New York City -- Coach Inc. reported Tuesday that net earnings for the quarter ended Dec. 31 rose 15% to $347.5 million, compared with $303.4 million in the year-ago period.

    Sales increased 15% to $1.45 billion, beating Wall Street’s expected $1.43 billion in revenue.


  • Macy's: Martha Stewart, JCP deal not 'a good thing'

    NEW YORK — A New York state Supreme Court filing on Monday disclosed that Macy’s Inc. is suing Martha Stewart Living Omnimedia Inc. for breach of contract after Martha Stewart set up a new deal last December with JCPenney to sell products at its stores.

  • Kohl’s to open Dallas DC to support e-commerce growth

    Menomonee Falls, Wis. -- Kohl’s Department Stores said Tuesday it will build a new e-commerce distribution center in DeSoto, Texas, outside Dallas.

    The 951,000-sq.-ft. DC, which is slated to open in summer 2012, will fulfill Kohls.com purchases. Kohl’s said it will close on the agreement once the building process is complete.

  • Kohl's opens new DC to handle website fulfillment

    MENOMONEE FALLS, Wis. — Kohl’s Department Stores announced that it has entered into a purchase agreement to build a new e-commerce distribution center located at I-35 and Centre Park Blvd. in DeSoto, Texas. Expected to open in summer 2012, upon completion the approximately 951,000 sq.-ft. building will fulfill Kohls.com purchases. Kohl’s will close on the agreement once the building process is complete.

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