Retail

MoMA Design Store’s Spring Collection Rolls Out

MoMA_infuser

NEW YORK-The retail division of the Museum of Modern Art has begun rolling out its spring collection, which include technologically advanced products, artist-influenced items and fun products for entertaining and cooking. One category customers have been responding well to is work by artists, said Steve Gerdts, product manager, retail, MoMA. “We want to bring artworkMore »

Last updated: January 22, 2015

Aaron’s Ups Woodley to Head Progressive Leasing

Ryan Woodley

ATLANTA-Aaron’s has promoted Ryan Woodley to CEO of its Progressive Leasing subsidiary, in one of several moves that has realigned the leadership of this business unit. Woodley succeeds John Robinson, who became Aaron’s CEO in November. Previously, he had been Progressive’s chief operating officer and chief financial officer, positions he assumed when he joined theMore »

Last updated: January 21, 2015

JCP to Debut Home Catalog in March

JCPenney

PLANO, Texas-J.C. Penney will launch a catalog that will feature items from its home department in March, the first catalog it has mailed out since 2010. The book will be 120 pages and will be sent to select customers. Responding to press reports, a J.C. Penney spokesperson said this does not represent a return byMore »

Last updated: January 20, 2015

Bon-Ton Boosts Holiday Sales; CFO to Retire

Keith Plowman

YORK, Pa.-The Bon-Ton Stores posted a gain of 5.3 percent in same-store sales for the nine-week holiday period ending on Jan. 3. In a separate statement, the company also said Keith Plowman, executive vice president and chief financial officer, will retire in August. Total sales for the combined months of November and December were $796.4More »

Last updated: January 20, 2015

Michaels Q4 Sales Up

Michaels

IRVING, Texas-Preliminary results from home craft retailer Michaels show that fourth-quarter net sales are expected to range between $1.599 billion and $1.605 billion, with same store sales projected for an increase of from 0.8 to 1.2 percent. Net sales for the 11-week period from Nov. 2, 2014, to Jan. 17, 2015, gained 3.5 percent. Same-storeMore »

Last updated: January 20, 2015

Sears Canada Extends Offer to Help Target Canada Employees

SearsCanada

TORONTO-Sears Canada has made a two-way offer of help to Target Canada workers who will be affected by Target’s decision to exit its Canadian business, which was announced last week. Sears Canada is encouraging Target Canada employees interested in job opportunities with the former to visit its website, sears.ca, and click on the “Careers atMore »

Last updated: January 19, 2015

NRF Forms Patent Reform Group

NRF

WASHINGTON-The National Retail Federation has created United for Patent Reform, a coalition of retailer and technology organizations, whose mission is to fight against what are known as “patent trolls.” As defined in an NRF statement, patent trolls are companies that buy “overly obscure, general or vague patents with the sole purpose of extracting licensing arrangementsMore »

Last updated: January 19, 2015

Target: Home a Key to U.S. Growth

Brian Cornell

MINNEAPOLIS-With the decision made to close its Canadian operation, Target will put its resources toward driving growth in its U.S. stores and online—an effort in which the home department should play a big part, according to Chairman and CEO Brian Cornell. Speaking yesterday on a conference call to financial analysts, Cornell mentioned home as aMore »

Last updated: January 16, 2015