News

No sale: credit card portfolio put on hold
One thing merchants know about markdowns is they are best taken early and at a modest level to stimulate sales as opposed clinging too long to the belief goods will sell at full price only to realize steeper cuts are needed. Apparently this philosophy doesn’t apply in the financial services world where Target has temporarily suspended the sale of its credit card receivables portfolio on better terms.
'One-size-fits-all' approach doesn't work for retail
NEW YORK — Retailers will have to rethink their position in the market, along with strategies they have used thus far, to keep themselves in the game, according to a new Deloitte report, "The Next Evolution: Store 3.0."

Williams-Sonoma names new board members

SAN FRANCISCO — Williams-Sonoma has announced that Mary Ann Casati and Lorraine Twohill have been elected to its board of directors.

“We are excited to have Mary Ann and Lorraine join our board,” said Adrian Bellamy, chairman of the board of directors of Williams-Sonoma Inc. “These two individuals each bring a unique perspective and expertise that we believe will help shape the success of our company.”
Long-time Safeway exec retires

PLEASANTON, Calif. — Safeway announced Friday that Tom Keller, president of the company's Vons Division, will retire after more than 40 years of distinguished service in the food industry. He will leave his post on Feb. 1. Gary Rocheleau, currently VP retail merchandising execution, will lead the Vons Division on an interim basis.
Charming Shoppes names new leadership in supply chain, strategic sourcing

BENSALEM, Pa. — Charming Shoppes has announced the following executive leadership announcements.
Forest City launches enhanced websites for 15 retail centers

Cleveland -- Forest City Commercial Management today announced the launch of 15 redesigned retail center websites. The new sites feature enhanced interactive shopping, social media experiences and content from PlaceWise Media’s Shoptopia.
H-E-B looks to keep customers healthy through new initiative

SAN ANTONIO, Texas — H-E-B is committed to improve the health of its customers by providing them with fresh, healthy and affordable food, and by supporting their healthy eating and weight-loss goals.
And now a message about merchandise execution

Matt Kistler is in a relatively new role at Walmart as SVP of merchandise execution and to explain what that means he is on the agenda for an upcoming event presented by Doing Business in Bentonville.

Kistler is scheduled to speak on February 8 at the DBB event which runs from 7 a.m. to 9 a.m. and will be held at the John Q. Hammons Center. He is expected to provide an overview of Walmart’s merchandise services unit that was created last year.
Bottom Dollar sets opening dates for Pittsburgh; Youngstown, Ohio stores

SALISBURY, N.C. — Bottom Dollar Food announced grand opening dates for its first 14 stores in the greater Pittsburgh and Youngstown, Ohio, markets, with its first seven stores opening on Jan. 26. Seven additional stores will open on Feb. 9.
Kodak officially files for Ch. 11

ROCHESTER, N.Y. — After weeks of speculation, Kodak and its U.S. subsidiaries officially filed voluntary petitions for Chapter 11 business reorganization.

No sale: credit card portfolio put on hold

'One-size-fits-all' approach doesn't work for retail

Williams-Sonoma names new board members

Long-time Safeway exec retires

Charming Shoppes names new leadership in supply chain, strategic sourcing

Forest City launches enhanced websites for 15 retail centers

H-E-B looks to keep customers healthy through new initiative

And now a message about merchandise execution

Bottom Dollar sets opening dates for Pittsburgh; Youngstown, Ohio stores

Kodak officially files for Ch. 11

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