News

Wal-Mart annual report points to sustainability progress
Bentonville, Ark. -- Global responsibility and sustainability continue to be priorities for Wal-Mart Stores Inc. The company filed its proxy statement ahead of its June 5 annual shareholders meeting, and also issued its annual report, and the 2015 Global Responsibility Report and Global Compliance Program Report.

The Global Responsibility Report outlined social and environmental work over the past year. Accomplishments, according to the company, include:
Costco cash machine pays out again
Costco shareholders are a happy lot these days between the company’s surging share price, huge special dividends and now another substantial increase in the company’s regular quarterly payout.

Late Friday, with shareholders already sitting on a 30% increase in the stock price during the past year, the company gave them another reason to smile by hiking its dividend 12.3% to 40 cents a share, or $1.60 on an annual basis, from the current quarterly dividend of 35.5 cents, or $1.42.

Sears Hometown and Outlet CEO to leave Aug. 1

Sears Hometown and Outlet Stores Inc., which had disappointing financial results in its last quarter, said CEO W. Bruce Johnson will leave the company Aug. 1.

The company also announced that the board of directors has commenced a search for a new CEO and has retained Heidrick & Struggles, a leading global executive search firm, to assist the Board in identifying and evaluating external and internal candidates.
Kohl’s celebrates Earth Day with volunteerism, ongoing sustainability efforts

Menomonee Falls, Wis. -- Thousands of associates from Kohl’s Department Stores are celebrating Earth Day by volunteering in their local communities during the company’s sixth annual National Go Green event today through the end of June.
Foot Locker on hunt for footwear innovators

Foot Locker is looking to the future of the footwear industry with a new partnership designed to drive innovation.

The retailer is collaborating with Pensole Footwear Design Academy on a class that will help design the new ASICS Tiger this summer.
Survey: Ace is nation’s most favorite home improvement chain

Louisville, Colo. -- Ace Hardware is America’s favorite home improvement store and Costco is the favorite for home furnishings, according to a new nationwide survey by Market Force Information. The findings are based on consumers’ satisfaction levels and their likelihood to recommend the retailer to others.

In the home improvement sector, Ace Hardware earned the top spot with a composite loyalty score of 61% (out of a potential 70%). Menards came in second, at 50%, followed by Lowe’s, Home Depot and Walmart.
Chili’s selects NoWait to ease waiting in line

Dallas – Waiting in line is probably the least appetizing part of the dining out experience. That is why Chili’s Grill &Bar has selected the NoWait mobile network to power its new mobile waitlisting app.

Rolling out nationwide in summer 2015, NoWait enables guests to search local Chili's restaurants, understand the wait time to be seated and add their names remotely to a restaurant's real-time seating list. Customers will also be able to track their place in line and show up when their table is scheduled to be ready.
Ikea changes the rules on high-tech furnishings

For those shoppers who are sick of lugging phone chargers from room to room, Ikea has a solution: The Swedish retailer is launching a new line of home furnishings with wireless chargers.

As smartphones have become an essential part of consumers’ lives, Ikea decided to make the charging function a natural part of the home.
Gap, CVS and Target make corporate responsibility list

What’s wrong with the retail Industry? Corporate Responsibility Magazine is out with the 2015 version of its 100 Best Corporate Citizens and only three, that’s right, only three retailers were worthy of inclusion on the list.
DSW veteran takes marketing helm at HSN

HSN Inc. has appointed a new chief marketing officer to drive growth for the $3.6 billion multichannel retailer.

The company named John Aylward as executive VP and chief marketing officer for HSN.