Retail

Sears Holdings’ Boire Named Acting President, CEO for Sears Canada

Ronald Boire

  HOFFMAN ESTATES, Ill.-Ronald D. Boire, executive vice president, chief merchandising officer and president for Sears and Kmart, has been named acting president and CEO for Sears Canada, effective today. “I have enjoyed working with Ron and appreciate the contributions he has made to support our transformation,” said Edward S. Lampert, Sears Holdings (NASDAQ: SHLD)More »

Last updated: October 15, 2014

Marvin Ellison to be J.C. Penney President/CEO

Marvin Ellison

PLANO, Texas–J.C. Penney has appointed Marvin Ellison, currently executive vice president of stores at Home Depot, as president and CEO-designee, effective Nov. 1. He will also join the Board of Directors at that time. Ellison will succeed Myron E. (Mike) Ullman, III, as CEO of J.C. Penney on Aug. 1, 2015. At that time, UllmanMore »

Last updated: October 13, 2014

High Point Market Authority Targets Retailers

Tom Conley

The High Point Market Authority has done its most extensive marketing ever to attract retailers to this month’s event. HPMA CEO Tom Conley said his organization has taken a three-tiered approach, for the first time, to drive retailers to the fall market. The HPMA is utilizing direct mail, e-mail and a two-pronged telemarketing effort toMore »

Last updated: October 13, 2014

Reports: Amazon to Open First Store in NYC

Amazon

NEW YORK-Amazon.com is set to open its first physical retail location here in Manhattan, at 7 W. 34th St., according to reports from multiple sources, including the Wall Street Journal and the New York Times. Responding to a request for comment from HFN, an Amazon spokesperson said the company has “made no announcements about aMore »

Last updated: October 10, 2014

Family Dollar Net Tumbles for Q4, FY

Family Dollar

MATTHEWS, N.C.-With the drama regarding whether Dollar General or Dollar Tree will wind up owning the company, Family Dollar reported steep declines in its net income for both the fourth quarter and fiscal year ending on Aug. 30. Net income for the quarter plummeted by 66.3 percent to $34.5 million, bringing net income for theMore »

Last updated: October 10, 2014

NRF: Retail Imports Will Set Record in October

NRF

WASHINGTON-Import cargo volume at the nation’s major retail container ports is projected to set a new monthly record in October, as retailers make a push to get inventory on their shelves for the holidays, according to the most recent Global Port Tracker report from the National Retail Federation and Hackett Associates. Import volume at theMore »

Last updated: October 10, 2014

J.C. Penney to Intensify Promotions in Home

Liz Sweney

NEW YORK-Having restored promotions with its relaunch of its home business in March, J.C. Penney will ramp up promotions in home going forward, company executives said at yesterday’s meeting with financial analysts. Restoring and accelerating promotions are major parts of the retailer’s effort to realize the opportunity to increase home-department sales by $750 million overMore »

Last updated: October 9, 2014

ICSC: Holiday Sales to Rise 4 Percent

Holiday Shoppers Out in Force This Past Weekend

NEW YORK-In a forecast similar to one released by the National Retail Federation on Tuesday, the International Council of Shopping Centers (ICSC) said it expects U.S. retail sales during the November-December shopping period to increase by 4 percent. If achieved, this increase would be the strongest gain in three years, ICSC said. The council estimatedMore »

Last updated: October 9, 2014