News

Staples has chosen a company veteran as its new CEO.   The retailer on Monday named Shira Goodman as its president and CEO and as a member of its board of directors, effective immediately.  Goodman, who has been been with Staples 24 years, has been serving as interim CEO since May when she took over for Ron Sargent, who resigned in the wake of the company’s failed attempt to acquire rival Office Deport.    

The nation’s premier luxury department store retailer posted declines in profit and revenue for fiscal 2016.   For the full year, Neiman Marcus Group posted a $406.11 million loss, compared to an income of $14.95 million in 2015.   For the fourth quarter, the retailer posted a loss of  $407.25, compared to a loss of $32.88 million in the year-ago period.   

Chain Store Age will present a webinar on workplace violence — and how to create an emergency response plan to deal with violent incidents — on Thursday, Sept. 29, at 2 p.m. – 3 p.m. (EDT).   The webinar, sponsored by Center for Applied Learning at American Public University System, will present an overview of the different types of workplace violence, best practices for conducting “active shooter” response training for employees and recognizing signs of potential workplace violence and more.

Office Depot Inc. has agreed to sell its European business to an investment group.   The office-supplies retailer is selling its European operation to German investment firm Aurelius Group.   Office Depot Europe operates more than 100 stores in Europe, under such banners as Viking.  

It’s sad, but true: companies are still taking a “don’t ask, don’t tell” stance when it comes to owning up to data breaches.   

If Yahoo’s data breach announcement yesterday is any indication, cyber-attacks are more prevalent than ever — and gaining momentum.  

CVS Health shoppers have to wait a few more days for curbside pickup.   On the eve of launching its new ‘CVS Curbside Pickup’ service, the chain postponed the launch date due to technical difficulties.    The drug chain was ready to kick-off its app-based curbside pickup service across is 4,000 locations nationwide on Thursday, Sept. 22. However, due to overuse during the company’s soft-launch, the app became sluggish and orders began piling up.   

The Finish Line Inc. on Friday posted Q2 sales that topped analysts expectations and announced a quicker-than-planned transition for its executive chairman   The athletic goods retailer reported a profit of $22.1 million, or 53 cents a share, in line with expectations, down from $25.9 million, or 57 cents a share, a year earlier.     Consolidated net sales for the quarter, ended Aug. 31, rose a 5.4% to $509.4 million, better than expected. Same-store store sales increased 5.1%, also topping forecasts.

A food hall-cum-retail bazaar called Canal Street Market is set to open at the northern edge of Chinatown in downtown Manhattan, just south of SoHo and Tribeca.   Developer Philip Chong is claiming the site will be the first combined food and retail experience in this section of New York. A food hall will feature about a dozen options, including Yori Nori, a new concept from the owners of Korila and Mokbar, plus Davey’s Ice Cream and Boba Guy.