News

After a strong start to the holiday season, harsh weather took a toll on Jos. A. Bank which reported solid profit growth and a 1.8% same store sales increase during what is likely to be one of the company’s final earnings reports as a public company.

Premium denim brand True Religion named former top executives from Levi Strauss & Co., and Gap inc., to its board of directors.

The purveyor of premium products said John Anderson and Marka Hansen agreed to serve on its board. Anderson spent 32 years at Levi Strauss & Co, ultimately serving as president and CEO while Hansen previously spent 24 years at Gap and most recently served as president of Gap North America.

Labeed Diab has been named SVP and president of health and wellness at Walmart, filling a position previously held by Dr. John Agwunobi who left the company.

The Nordstrom’s Customer Experience Center is a replica of a store where the department store operator can bring together salespeople, suppliers and customers to share feedback on new concepts before they are introduced to stores.

Arysta LifeScience president and CEO Wayne Hewett will stand for election to The Home Depot’s board of directors when current director Bonnie Hill steps down.

In addition to building a nationwide distribution infrastructure Amazon continues to move aggressively on the content front with the latest development involving the launch of Fire TV.

New York -- Two U.S. banks have dropped their lawsuit against Target Corp. and its credit card security assessor, Trustwave Holdings Inc. The banks had accused Target and Trustwave of failing to properly secure customer data, leading to the retailer’s data breach during last year’s holiday season.

St. Louis -- Whether shopping alone or in a group, Millennials remain digitally connected contacting friends and family for advice or opinions via text, phone call or social media, according to a survey conducted by Mooslyvania, an independent digital advertising agency. While 57% surveyed said they tell their friends about their purchases, 44% prefer to "show off" their purchases, even if it's in subtle ways.

Denver -- Consumers are increasingly frustrated with location search, with many losing trust in brands due to outdated and inaccurate data, and even turning to competitor businesses. According to a new research report from location data services provider Placeable, “Be Found: Location-Based Marketing Insights,” consumers are all too often given outdated and incorrect information from search engines, mobile apps, directories and even brand websites.

Ankeny, Iowa -- Casey’s General Stores plans to break ground on the company’s second distribution center in November 2014. The facility will be located in Terre Haute, Ind.