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Retail

  • First Lady has another reason to shop at Target

    The Associated Press reported last week that First Lady Michelle Obama was sighted shopping incognito at a D.C. area Target store wearing a baseball cap and sunglasses. Secret Service agents arrived about a half-hour before Mrs. Obama, who walked in through the main entrance with an assistant and spent 30 to 40 minutes shopping and pushing her own cart, according to AP.

  • HanesBrands announces new CFO, other executive appointments

    WINSTON-SALEM, N.C. — HanesBrands announced that it has promoted Richard Moss to chief financial officer effective immediately.

    Moss, 53, who has served as the company’s treasurer since January 2006, was chosen to fill the open CFO position after an extensive review of internal and external candidates, HanesBrands reported. Moss will oversee the company’s global finance, investor relations and corporate development functions.

  • Pricing parity at hand in latest survey

    The pricing gap between Target and Walmart narrowed last month to a scant 1.7% as Walmart took prices up slightly during August while Target did the opposite, according to a monthly survey by the retail research team at Credit Suisse.

  • Former Target OTC exec takes talents to Hyland

    LOS ANGELES — Les Hamilton, who most recently managed the Target account for all over-the-counter products for The Emerson Group, has been named VP Sales at Hyland, another OTC manucturer.  In his new role, Hamilton will be responsible for guiding the company’s sales organization and developing and implementing sales strategy.

  • Two promotions announced at Land's End

    DODGEVILLE, Wis. — Lands' End has announced the promotion of Tim Martin to COO/CFO, and Chris Kolbe to brand president.  

    As the leader of operations and finance for Lands' End, Martin will oversee all aspects of financial planning and inventory management for the brand's global business. He most recently served as SVP, CFO.

  • Sam's Club offers membership deal ahead of holiday season

    BENTONVILLE, Ark. — Sam's Club announced that it is offering a 15-week membership for $15 to help consumers take advantage of the retailer's deals for the holiday season. The seasonal membership is available for purchase during regular club hours for a limited time between Oct. 4 and 10, and extends to new advantage and business members. Annual membership fees regularly start at $35 for business and $40 for advantage members.

  • Google helps speed up OfficeMax checkout

    NAPERVILLE, Ill. — OfficeMax announced that it is engaging the services of Google Wallet to make it easier for customers to pay, redeem coupons and reap the benefits of its loyalty program by using their mobile phones. The new service is available through new checkout terminals located at more than 100 OfficeMax stores.

  • Francis named president of JCPenney

    MINNEAPOLIS — Michael Francis, EVP and CMO of Target, and the person charged with leading the retailer's expansion into Canada, has left the company, Target announced Monday.

    “We would like to thank Michael for his many contributions and wish him the best in his future endeavors” said Gregg Steinhafel, chairman, president and CEO.

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