Retail

Target to Offer Home Products Savings in November

Target

MINNEAPOLIS-Multipiece bakeware sets and a Dyson vacuum cleaner are among the products for which Target will offer significant savings during the November period culminating on Black Friday weekend. From Nov. 23-29, the retailer will pitch multipiece bakeware sets at 40 percent off, as part of a number of exclusive deals. From Nov. 27-29, Target willMore »

Last updated: November 12, 2014

Wayfair Q3 Revenue and Loss Skyrocket

Wayfair.com

BOSTON-Fueled by a huge gain in its direct-retail business, Wayfair posted net revenue of $336.2 million, up a resounding 41.7 percent, in its fiscal third quarter ending on Sept. 30. Wayfair’s net loss nearly quadrupled in the quarter, to $28.9 million, compared to a net loss of $7.7 million in last year’s third quarter. ThisMore »

Last updated: November 11, 2014

Retail Import Volume Rises; West Coast Ports Face Possible Shutdown

Container Port

WASHINGTON-With retailers rushing to fill their shelves in the face of a potential shutdown of West Coast ports, import volume at the nation’s major container ports is projected to continue upward this month, according to the most recent Global Port Tracker report from the National Retail Federation and Hackett Associates. The report is predicting thatMore »

Last updated: November 11, 2014

Bon-Ton Partners with Mario Lopez to Support Boys & Girls Clubs

Mario Lopez

MILWAUKEE-The Bon-Ton Stores, including the Bon-Ton, Boston Store, Bergner’s, Carson’s, Elder-Beerman, Herberger’s and Younkers, announced its second annual partnership with Mario Lopez in support of Boys & Girls Clubs of America, the nation’s largest building-centered, youth-focused provider of after-school programs. The Give the Gift of a Great Future campaign kicked off on Oct. 1 andMore »

Last updated: November 11, 2014

Robinson Upped to Aaron’s CEO

John Robinson

ATLANTA-Aaron’s has promoted John W. Robinson III, executive vice president of Aaron’s and CEO of Progressive Leasing, to CEO of the entire company, effective today. Robinson will also join the Aaron’s board of directors. He has succeeded Gil Danielson, who has served as interim CEO since the retirement of Ron Allen in August. Danielson remainsMore »

Last updated: November 10, 2014

Dollar Tree Moves Toward Antitrust Compliance for Family Dollar Merger

Dollar Tree

CHESAPEAKE, Va.-Dollar Tree said it has complied with the Federal Trade Commission’s request for additional information and documents regarding its proposed merger with Family Dollar. In its statement on its compliance, Dollar Tree also said the company and Family Dollar have agreed not to close the deal before Dec. 30, unless the FTC completes itsMore »

Last updated: November 10, 2014

Sears Exploring Creation of a REIT

Sears Holdings

HOFFMAN ESTATES, Ill.-Sears Holdings (NASDAQ: SHLD) said it is looking into the formation of a real estate investment trust (REIT) as a way of generating cash from its real estate portfolio. In a filing with the U.S. Securities and Exchange Commission, the retail holding company said potentially 200 to 300 of its stores would beMore »

Last updated: November 7, 2014

O’Brien Upped to SVP of Merchandising at QVC

QVC

WEST CHESTER, Pa.-QVC has promoted Ken O’Brien to senior vice president of merchandising. O’Brien, who was previously vice president of merchandising, is now responsible for setting and executing QVC’s merchandising strategy for product brands across its categories, along with leading the engagement and management of QVC’s vendor community. He will continue to report to DougMore »

Last updated: November 7, 2014