Retail

Home Depot Names Menear Chairman

Craig Menear

ATLANTA-Craig Menear, The Home Depot’s president and CEO, has been elected chairman of the home improvement retailer, succeeding the retiring Frank Blake. Menear will assume his new role on Feb. 2. A 17-year Home Depot veteran, he was named president and CEO in November. A company statement said Menear is the first merchant to beMore »

Last updated: January 16, 2015

Bloomingdale’s Laneve to Retire; Leppo to Succeed

Dan Leppo

NEW YORK-Joe Laneve, Bloomingdale’s executive vice president/GMM of home, announced plans to retire in a few weeks, after 21 years with the retailer. Following Laneve’s departure on Feb. 28, Dan Leppo, current senior vice president for the metro region, will be promoted to senior vice president/GMM of home, reporting to Tony Spring, Bloomingdale’s chairman andMore »

Last updated: January 15, 2015

Target to Exit Canada

Target

MINNEAPOLIS-Less than two years after opening its first stores north of the border, Target said it would pull out of the Canadian market, in which it now has 133 stores. In a company statement, Brian Cornell, chairman and CEO, said, “After a thorough review of our Canadian performance and careful consideration of the implications ofMore »

Last updated: January 15, 2015

NRF Urges Obama to Address Retail Priorities

NRF

WASHINGTON-President Barack Obama should resolve key issues affecting retailers in the remaining two years of his term, according to the National Retail Federation. In a letter to the president, Matthew Shay, NRF’s president and CEO, said, “As you prepare to deliver State of the Union address, a number of key priorities for the retail industry—and,More »

Last updated: January 15, 2015

NRF: Retail Sales Hit Highest Level Since 2011

NRF

WASHINGTON-U.S. retail sales during the just-finished holiday season reached $616.1 billion, up 4 percent from the 2013 holidays and the highest level this number has achieved since 2011, according to the National Retail Federation. “Today’s holiday retail sales results are welcome news for our industry and for our economy,” said Matthew Shay, NRF president andMore »

Last updated: January 14, 2015

Sasser: Dollar Tree at “the End of Our Patience” with Family Dollar

Bob Sasser

CHESAPEAKE, Va.-Dollar Tree will not agree to any more adjournments of Family Dollar’s shareholders vote on its proposed merger with the dollar-store retailer, and has “reached the end of our patience,” according to a letter sent by Bob Sasser, Dollar Tree’s CEO, to Howard Levine, chairman, president and CEO of Family Dollar. In the letter,More »

Last updated: January 14, 2015

Belk Total and Comp Sales Gain for Holidays

Belk

CHARLOTTE, N.C.-Regional department store Belk posted an increase of 5.2 percent for total sales during the holiday sales period, plus a pickup of 4.8 percent in same-store sales for the period. The company said in a statement that its sales gains covered the nine-week period ending on Jan. 3. “Holiday sales got off to aMore »

Last updated: January 14, 2015

Wayfair to Honor Emerging Interior Designers

Wayfair.com

BOSTON-Wayfair Inc. (NYSE:W) has debuted its Trade Tastemaker Awards to honor the top emerging talent in interior design across a range of aesthetics. Wayfair will name one design professional as the 2015 Designer of the Year and recognize one top designer in each of the following categories: Rising Star, Best Design Innovator, Best Use ofMore »

Last updated: January 14, 2015