News

MINNEAPOLIS — Target's remodeling effort has made its way to Detroit. The company announced Monday that it will add fresh grocery to stores in the area.

In addition to featuring a large selection of affordable fresh foods, the new layout will include reinventions in several other departments such as beauty, home, shoes and baby, aimed at providing guests with an exceptional one-stop shopping experience.

Saks Fifth Avenue is amping up its omni-channel strategy by updating  its SaksFirst loyalty program and adding free shipping. The changes will make the benefits of the program more consistent across Saks’ different channels. 

On Thursday, Saks announced that all Saks cardholders will now receive free shipping from Saks stores, Saks.com and Saks Fifth Avenue Off 5th stores.

By Bradley W. Snyder, [email protected]

Hilco Trading wants to build the next great retail consulting business and consistent with that goal it has hired Antony Karabus to serve as president of Hilco’s retail consulting arm and elevated current CEO Greg Rubin to the role of chairman.

While Walmart continues to fine tune its small format Express concept, ample opportunity awaits in the C-store space.

The latest data from Nielsen shows the number of U.S. convenience stores continues to expand and last year set a new record with 149,220 units. Roughly 63% of those units are independent operators who presumably charge higher prices than what would be available at Walmart’s convenience stores.

Footlocker COO Richard Johnson has joined the board of Maidenform Brands.

Johnson serves as EVP and COO at Footlocker, one of the nation’s leading retailers of athletic footwear, and has been with the company for 16 years.

"We are delighted to welcome Dick to our board of directors," said Maurice S. Reznik, Footlocker’s CEO. "Dick has demonstrated strong leadership at Foot Locker and his broad operating and international experience will serve Maidenform well."

WOONSOCKET, R.I. — Continuing to assist those who were affected by Hurricane Sandy, the CVS Caremark Charitable Trust, a private foundation created by CVS Caremark Corporation, announced on Friday that it is donating $50,000 to the Hurricane Sandy New Jersey Relief Fund.

Established by Gov. Chris Christie and chaired by First Lady Mary Pat Christie, the relief fund is a nonprofit organization that raises and distributes funds to organizations to support the recovery and rebuilding efforts of New Jersey communities impacted by the storm.

PHILADELPHIA — Teen and tween retailer Five Below will open 60 stores this year, including its first-ever locations in Texas.

The retailer said it will open four to five stores in Austin, Texas, and 10 to 12 stores in Dallas by late summer, with the potential for more than 100 stars in the Lone Star Sate stores over time.