Retail

Aaron’s Allen to Retire

Ron Allen

ATLANTA-Ron Allen, CEO of Aaron’s, will retire on Aug. 31. On that date, the 72-year-old Allen will also leave his post on the retailer’s board of directors. The board has retained Spencer Stuart, an executive recruiting firm, to assist in the search for Allen’s successor. According to an Aaron’s statement, “The search process will includeMore »

Last updated: August 6, 2014

Walmart to Host Second U.S. Manufacturing Summit

Walmart

BENTONVILLE, Ark.-Walmart will hold a second summit on U.S. manufacturing on Aug. 14-15 in Denver. In January 2013, the retailer said its goal is to purchase $50 billion more of U.S.-made products over the next decade. The retailer held its first U.S. manufacturing summit in August of last year in Orlando, Fla., hosting almost 1,500More »

Last updated: August 5, 2014

Target Data-Breach Expenses Expected to Total $148 Million in Q2

Target

MINNEAPOLIS-In a preliminary statement about its second-quarter financial results, Target said it expects those results to include gross expenses of $148 million related to the December 2013 breach of data about shoppers’ payment cards and other information. These costs will be partially offset by a $38 million insurance receivable, also related to the data breach,More »

Last updated: August 5, 2014

Wayfair Among Fastest-Growing Retailers on Stores List

Wayfair.com

WASHINGTON-Online home retailer Wayfair finished number two on Stores magazine’s 2014 list of the nation’s fastest-growing retailers. The company’s sales for 2013, which totaled $915 million, were 52.5 percent ahead of its sales for 2012, according to the list compiled by the magazine, which is a publication of the National Retail Federation. Finishing fourth onMore »

Last updated: August 4, 2014

Target Opens Three New Stores in Canada

Target

MISSISSAUGA, Ontario-Target has opened three new stores in Canada, located in Erin Mills Town Centre here; Park Place in Barrie, Ontario; and Carrefour Candiac in Candiac, Quebec. The grand openings for the new sites took place last Friday, Aug. 1. Each store carries an extensive range of Target-owned and exclusive brands, along with limited-time collaborationsMore »

Last updated: August 4, 2014

Community Choice Financial’s Saunders Joins Conn’s Board

Conn's

THE WOODLANDS, Texas-Conn’s has appointed William E. Saunders Jr., chairman and CEO of Community Choice Financial, to its board of directors. Saunders has been CEO of Community Choice Financial since June 2008, and was named chairman in May of this year. He joined the company in March 2006 as chief financial officer. Community Choice FinancialMore »

Last updated: August 4, 2014

Walmart Preps for an August Cyber Monday

Walmart

BENTONVILLE, Ark.-Walmart is kicking off August with special back-to-school deals geared toward college students looking for top electronics, dorm décor and other school essentials. The mass retailer said its rollbacks and special buys are timed to the start of sales tax holidays in select states and at a time that data shows a spike inMore »

Last updated: August 1, 2014

Bufano Named to Lead Bon-Ton

Kathryn Bufano

YORK, Pa.-The Bon-Ton Stores has named Kathryn Bufano president and CEO effective Aug. 25. Bufano most recently served as Belk Inc.’s president of merchandising. Bufano will succeed Brendan Hoffman, who chose not to renew his employment agreement. Hoffman resigned as president and CEO and as a member of Bon-Ton’s board, effective with Bufano’s election. AMore »

Last updated: August 1, 2014