News

Saks chief steps down after 15 months
The president of Saks Fifth Avenue has resigned after 15 months at the department store chain’s helm.

Saks parent company Hudson’s Bay Company announced that company veteran Marc Metrick, 41, has replaced Marigay McKee as president of Saks Fifth Avenue.
Fast fashion enemy hits the road
Sellers of opening price point apparel may find themselves at odds with outdoor lifestyle brand Patagonia, which has embarked on a coast-to-coast tour to encourage people to repair their clothes rather than buy new.

Target to close all Canada stores by April 12

Target will complete its inventory liquidation efforts and close the last of its 133 Canadian retail stores by April 12.

The retailer has already shut down 46 stores across Canada and will close another 32 on April 2; 18 on April 4; and 24 on April 8. The final 13 stores will close just days after that.
Sam's Club expands discounted prescription program

Sam’s Club is expanding its prescription savings program to allow Plus and Business Plus members to save even more money through new benefits.

New savings on generic prescriptions, some of which are available free of charge or at a discounted cost of $4 or $10 at specified quantities, are now available in all Sam’s Club locations with pharmacies.

This new benefit is part of Sam’s Club Extra Value Drug List, through which Sam’s Club Plus and Business Plus members also receive 10-30% savings on select brand name medications.
Target to close its remaining Canadian stores by April 12

Minneapolis — Target Canada announced that it will complete its inventory liquidation efforts and close the last of its 133 Canadian retail stores to the public on April 12.
Christopher & Banks taps Epicor Retail Solutions optimize customer experience

Austin, Texas -- Christopher & Banks Corp. has selected Epicor Retail solutions (from Epicor Software Corp.) to streamline operations and support its omnichannel "customer first" strategy.

The retailer plans to leverage a broad solution set that includes Epicor QuantiSense retail business intelligence and analytics and Epicor ShopVisible order management and digital commerce solutions.
Jamba refranchises 100 California stores

Emeryville, Calif. - Jamba, Inc. has entered into an asset purchase agreement with Vitaligent LLC to refranchise 100 company-owned restaurants in the San Francisco, Sacramento and San Diego markets. Under the terms of the agreement, Jamba will receive a purchase price of $36.0 million in cash.
Lumber Liquidators sales better than expected

Despite bad publicity from a “60 Minutes” report alleging carcinogens in some of the hardwood it sells, Lumber Liquidators increased sales in the first quarter of 2015.
Study: Retail top mobile advertising vertical

Baltimore - Retail was the largest vertical on the Millennial Media mobile advertising platform in 2014, followed by telecommunications and entertainment. According to the Millennial Media Scorecard for Mobile Advertising Reach and Targeting (S.M.A.R.T.) report, retail saw 49% year-over-year growth on the Millennial Media platform in 2014.
Rite Aid posts 4.3% boost in same store sales

Rite Aid's pharmacy and front-end divisions helped the retailer post a 4.3% gain in same store sales for March.