News

J.C. Penney just poached two key executives to maximize the power, reach and integration of its omnichannel efforts.

The department store retailer named Michael Amend, former vice president of online, mobile and omnichannel for Home Depot, to the position of executive vice president of omnichannel effective immediately. He fills a position previously held by Mike Rodgers who left the company. Additionally, Mike Robbins, formerly the senior vice president of global supply chain for Target, will be joining the J.C. Penney as senior vice president of supply chain effective Aug. 10.

Hoffman Estates, Ill. – Sears Holdings Corp. is expecting to announce some rare good news about profits thanks to a real estate spinoff when it reports its second quarter results on Aug. 20. But the news will be tempered by dismal sales results.

Sears Holdings keeps finding new ways to generate cash and gain financial flexibility, but selling merchandise is not among them.

Boca Raton, Fla. - Office Depot, Inc. has been recognized for outstanding product quality and service by privately-held home builder David Weekley Homes.

This marks the 10th consecutive year that Office Depot has received the “A,A Partners of Choice” award given this year to 15 of David Weekley Homes’ suppliers.

Yahoo! Inc. is trying to expand its digital content and advertising business by acquiring a fashion website that allow shoppers to put together sets of clothes and accessories, and then buy them.

New York - Barnes & Noble Inc. on Monday completed the separation of its retail store and college businesses.

Following the spinoff, Michael Huseby, former CEO of Barnes & Noble, became executive chairman of Barnes & Noble Education, which will have a separate board of directors.

Lakeland, Fla. -- Publix Super Markets is racking up another record year even as other grocers, including Whole Foods Market, are struggling under the weight of new competition.

Publix reports that sales for the second quarter were $8 billion, a 6% increase from last year’s $7.5 billion. Same store sales for the second quarter increased 4.1%.

Net earnings were $482.7 million, compared to $404.1 million in 2014, an increase of 19.5%.

Ken Martindale, one of the key architects behind Rite Aid's recent growth, has been promoted to CEO Rite Aid Stores.