Retail

After a weaker-than-expected showing in June, Target needs a solid performance in July to deliver on its second quarter sales and profit expectations.

June same-store sales increased a modest 2.1%, well below a 4.4% increase in May, but the deceleration didn’t cause the company to adjust its second quarter guidance. The company expects second quarter earnings adjusted to exclude expenses related to its entry in Canada to range from $1.04 to $1.14 and earnings that include the Canadian costs to range from 94 centers to $1.04.

DENVER — ShopAtHome.com, a coupon search engine, announced that Tim Mayer has joined the company as VP marketing.
 
In his new role, Mayer will be responsible for spearheading this objective, overseeing user experience and member engagement.

BOCA RATON, Fla. — Office Depot is supporting Lady Gaga's Born This Way Foundation by offering an exclusive line of products designed to empower youth and inspire bravery.

BOCA RATON, Fla. — Office Depot has been named to the Environmental Protection Agency’s (EPA) list of 2012 Energy Star Leaders for Leadership in Reducing Greenhouse Gas Emissions.

In the baseline year of 2004, Office Depot facilities emitted 381,689 metric tons of carbon dioxide. By 2011, the carbon footprint of Office Depot’s facilities was 239,319 metric tons -- a reduction of over 140,000 metric tons, or 37 percent over the seven year period.

SEATTLE — Recreational Equipment Inc. is making its Kansas debut with its first store set to open in Overland Park in the fall of 2013.

ROCKFORD, Mich. — Wolverine Worldwide reported slight revenue growth as it looks to build its portfolio with the acquisition of the Performance and Lifestyle Group from Collective Brands.

Wolverine Worldwide reported quarterly revenue of $312.7 million, an increase of 0.8% compared with the prior year's second quarter when revenue grew over 20%. 

Reported diluted earnings per share in the quarter were 42 cents, compared with prior year's earnings per share of 48 cents.

PLANO, Texas — JCPenney is cutting approximately 350 positions at its headquarters as part of its plan to restructure the company.

LOS ANGELES and ST. PETERSBURG, Fla. — Lisa Hoffman Beauty is celebrating HSN's 35 years of innovation by providing their customers with exclusive offers of their fragrance line when it returns to HSN this week. The collection will appear on HSN on July 11 at 6 a.m., 10 a.m., 2 p.m. and 11 p.m.