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Retail

  • Walmart social commerce gets "Kosmix" intervention

    BRISBANE, Calif. -- Walmart announced that it has acquired the services of Kosmix, a Mountain View, Calif.-based company to grow its multi-channel strategy.

  • Men’s Wearhouse founder and chairman guarantees leadership transition

    HOUSTON -- Douglas Ewert will become CEO of Men’s Wearhouse effective at the company’s annual shareholders’ meeting on June 15, when founder and current chairman and CEO George Zimmer steps down.

  • American Eagle to sponsor events for Child Abuse Prevention Month

    PITTSBURGH -- KidsVoice, an organization which advocates for abused, neglected and at-risk children, announced that American Eagle Outfitters will be the presenting sponsor for its events during Child Abuse Prevention Month, which include Kitetails & Cocktails on April 28 and Kites for Kids on April 30. Both events will take place at the Pittsburgh Zoo & PPG Aquarium.

    One creative child will win a $5,000 scholarship!

  • Major moves at Big Lots

    COLUMBUS, Ohio -- After opening 80 stores last year and with plans for another 90 units this year, Big Lot’s made several merchandising moves to facilitate its planned growth.

    The nation’s leading closeout retailer announced it has hired former Sears merchandising executive Doug Wurl to serve as its EVP merchandising. He assumes responsibilities previously held by John Martin who was named EVP administration with responsibility for store operations and human resources.

  • Shoppers embrace recycling program

    Target began its in-store recycling program just nine months ago, and some of the early numbers from the program are staggering. Between April 2010, when the program was launched, and December 2010, the company collected and recycled more than 170 million shopping bags and more than 1.4 million pounds of cans and bottles. In addition, the company said it collected roughly two million units of small electronic items such as MP3 players and cell phones.

  • Greenpeace ranks Target 2nd as seafood savior

    Greenpeace has published its fifth annual “Carting Away the Oceans” report examining the retail industry’s seafood practices, and none of the 20 companies featured are where the environmental group thinks they should be in terms of sustainability and responsible harvesting practices.

  • Rite Aid names EVP merchandising

    CAMP HILL, Pa. -- Rite Aid announced that Tony Montini has been promoted to EVP merchandising. In his new position, Montini will oversee field merchandising and the company’s new store format development in addition to his current responsibilities for category management. 

    Montini most recently served as SVP category management. He will continue to report to Ken Martindale, Rite Aid COO.

  • Strong 4Q sales keep 99 Cents a hot commodity

    COMMERCE, Calif.  -- Even with an extra week in this year's reporting period, 99 Cents Only Stores reported a total sales increase for it fiscal fourth quarter. The company reported total sales of $378.5 million for the 14-week fourth quarter of fiscal 2011 ended April 2, 2011, compared with $339.3 million for the 13-week fourth quarter in the prior fiscal year. 

    The company reported a same-store sales increase of 0.5% for the quarter. Excluding Texas operations, comps were up 0.7%.

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