Sales & Marketing

Dollar Tree and Dollar General shareholders may be wondering why the boards of their respective companies are so intent on acquiring Family Dollar after seeing the takeover target’s first quarter results.

Pacific Sunwear said it will lose less money in the fourth quarter than originally expected after its California lifestyle product assortment resonated with holiday shoppers and drove a 9% same store sales increase.

Plano, Texas – It will not be a happy New Year for employees of some 40 J.C. Penney stores. The company on Thursday said that it plans to close approximately 40 stores, which represent less than 4% of its total store base, on or about April 4, 2015. The closures will affect about 2,250 employees.

Bartell Drugs has selected former REI executive Brian Unmacht as its new president.

Prior to joining the 63-store pharmacy retailer, Unmacht served as REI’s EVP and CEO. He has served as a member of Bartell Drugs’ board of directors since 2011.

Bartell Drugs’ chairman and CEO George D. Bartell said that filling the position at the family-owned company supports future succession plans as it celebrates its 125th anniversary in 2015. Bartell Drugs is the oldest and largest family-owned drug store chain in the United States.

Minneapolis – Target Corp. enjoyed many digital returns during the 2014 holiday season, as the retailer broke seasonal digital sales records. Target.com sales on the all-important Black Friday and Cyber Monday shopping days were up 40% from 2013.

Target is stepping up its efforts to attract new parents to its stores with a new partnership, educational classes and a social media campaign.

Bump Club and Beyond, the nation's largest social event network for new moms, is partnering with Target to present a national series of events designed to help expectant and new parents learn the "basics" of bringing up baby.

Long Beach, Calif. -- Nordstrom, Inc. announced plans to open a Nordstrom Rack at Marina Pacifica Mall in Long Beach, California. The 24,000-sq.-ft. store is scheduled to open in fall 2015. The property is managed by NewMark Merrill Companies.

The new Nordstrom Rack will occupy a former Loehmann's space and join a mix of tenants including Best Buy, ULTA Beauty, Pier 1 Imports, AMC Theaters, Barnes & Noble, Sports Authority and Ralphs.

Mooresville, N.C. – Lowe’s is taking its Iris smart home program and trying to make it even smarter, with help from connected home platform provider Icontrol Networks. Starting in early 2015, many Lowe's Iris smart home devices will be certified through Icontrol's OpenHome Developer Program, allowing these devices to work seamlessly with Icontrol-powered solutions.