Author Matthew Kramer

Retail
Michaels Strengthens Senior Leadership Team

Michaels has made several changes to its senior executive leadership team. Vidya Jwala has been appointed to the newly created role of chief customer officer, Scott Lindblom has been promoted to evp/chief information officer and Holly Shaskey-Platek has been promoted to evp/chief human resources officer.

Retail
Kohl’s Launches Gift-Giving Marketing Campaign

Kohl’s is looking to inspire gift givers with product newness and a range of deals this holiday season. The retailer said that its new marketing campaign, “New Gifts at Every Turn,” will recognize and reward the gift giver’s effort, excite customers with product newness and spotlight Kohl’s Cash.

Retail
Hudson’s Bay Completes Sale Of Lord & Taylor

Hudson’s Bay Company has completed the sale of Lord + Taylor to Le Tote, a leading fashion rental subscription service, for $75 million in cash and a secured promissory note for $25 million payable in cash after two years, subject to customary adjustments.

Retail
Sears To Close 96 More Stores

Transformco, which purchased substantially all of the assets of Sears Holdings Corporation in February 2019, is continuing to streamline its operations and will close an additional 96 Sears and Kmart stores.

Retail
Century 21 Opens Herald Square Pop-Up Store

Off-price retailer Century 21 Stores has opened a limited engagement pop-up store in the heart of Herald Square in New York City. The Century 21 Herald Square Holiday Pop-Up will be located at 50 W. 34th Street and its red doors opened on Friday, November 1 through January 11, 2020.

Retail
Target Readies Holiday Deal Blitz

Target is introducing what it is calling “HoliDeals,” featuring thousands of deals throughout the season on items like décor, electronics, toys and more. HoliDeals kicks off this week with the reveal of the retailer’s Black Friday ad and a two-day Black Friday Preview Sale featuring four times the number of deals compared to last year, the company said.

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