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Retail

  • AEO names new finance chief

    PITTSBURGH — American Eagle Outfitters has named Mary Boland as EVP, chief financial and administrative officer, effective July 9. Boland’s responsibilities will include finance, investor relations, merchandise planning and allocation, strategy planning, and other administrative functions.

  • Keeping the faith at 50, Walmart looks forward

    BENTONVILLE, Ark. — Walmart held its annual shareholders’ meeting Friday morning against the backdrop of the company’s 50th anniversary and allegations of corruption in Mexico.

    The seemingly diametrically opposed situations presented senior executives with the opportunity to underscore how the company’s unique culture and such enduring values as integrity would power future growth.

  • GameStop expands digital content access to international customers

    GRAPEVINE, Texas — GameStop customers outside of the United States will soon have access to the PlayStation Network's downloadable content from Sony Computer Entertainment Europe. This digital option will be available at more than 1,600 store locations in Australia, New Zealand, France, Italy, Spain, Germany, Austria and Switzerland. Customers in those countries will have the ability to purchase DLC with any form of payment including trade credits, gift cards and cash.

  • Comps momentum continues at TGT

    MINNEAPOLIS — Target reported a 4.4% increase in May same-store sales that was toward the upper end of a guidance range that called for a low-to-mid single-digit increase.

  • Dick’s takes a run at new format

    PITTSBURGH — Dick’s Sporting Goods plans to open a new format focused on runners later this summer.

    The new concept called True Runner will be located on Walnut Street in an affluent area of Pittsburgh known as Shadyside, the company said. Dick’s offered no additional details on the opening date, store size or product assortment, but it is clear from the limited comments made by a company executive that the store will focus on running enthusiasts.

  • Ackman on JCPenney: Wait until August

    NEW YORK — William Ackman, founder and CEO of Pershing Square Capital Management, said that J.C. Penney Co. should start to see “real progress” in early 2013. Ackman made his comments in an interview Tuesday on CNBC’s “Squawk Box.” Pershing Square owns about 18% of JCPenney.

  • Costco’s May comps increase 5%

    Same-store sales at Costco’s U.S. stores increased 5% during the four week period ended May 27.

  • Sam's Club to host men's health screenings

    BENTONVILLE, Ark. — Sam's Club is marking Men's Health Month in June by offering free men's health screenings at its pharmacies.

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