News

In case you missed it, Retailing Today published its annual Insights 2013 issue recently and while Target is currently the nation’s sixth largest retailer that position is likely to change in 2013.

It is conceivable Target could become the nation’s fourth largest retailer by this time next year, overtaking both Home Depot and Walgreens.

OAKLAND, Calif. — Ecologic Brands, makers of America’s first molded paper bottles, has named Alan Murray, CEO of NextFoods and Dr. Steve Miller, chief innovation catalyst at P&G, to its advisory board.

FREMONT, Calif. — Men's Wearhouse is partnering with The Knot Wedding Network, a popular wedding resource, to become the tuxedo provider of choice on TheKnot.com. 

Through the exclusive arrangement, brides-to-be will have the opportunity to view and interact with Men's Wearhouse brand-name tuxedo merchandise at an early stage of the wedding planning process.

Brisbane, Calif. -- Fashion retailer Bebe reported Wednesday that total sales for the first quarter fell 9.4% to $105.1 million. Same-store sales dropped 8.7%, missing expectations of a more moderate 6.8% decline.

The 250-store chain has officially launched a search for a new CEO, announcing on Wednesday it has retained Russell Reynolds Associates to lead the effort. Former CEO Gregory Scott resigned the post in January 2009, and founder Manny Mashouf has been serving in an interim capacity since that time.

PURCHASE, N.Y. and QUINCY, Mass. — Coinstar, an operator of change collecting kiosks, announced that customers utilizing its service at all Stop & Shop stores, now have the option of placing the full value of their coins, without fees, onto a Stop & Shop gift card. In addition, customers also have the option to select a gift card from a variety of national retailers and e-retailers. The gift cards are immediately activated and can be used the same day.

NEW YORK — Send the Trend, the e-commerce site acquired by QVC in February, has relaunched to provide a broader range of premier beauty and accessory products.

GRAND RAPIDS, Mich. — The holiday hiring boost continues, this time at Meijer.

The retailer is preparing to hire thousands of new employees for its stores as it prepares for this year's holiday season and continued growth throughout the Midwest.

Washington, D.C. -- The National Retail Federation released its 2012 holiday forecast on Tuesday, which shows sales increasing 4.1% to $586.1 billion, down from last year’s 5.6% growth.

However, the NRF’s 2012 estimate tops the 10-year holiday sales growth average of 3.5%.