Ross To Open Store In Brooklyn, OH
On March 7, Ross Dress for Less will open a location in Brooklyn, OH, as part of a broader new store rollout.
Retail
eMarketer: Target Enters Top Ten Digital Retailer List
Target has leaped into the top 10 of eMarketer’s ranking of e-commerce retailers in the U.S., although Amazon holds firm to the top spot.
Office Depot Making Changes To Board Of Directors
Office Depot is making changes to its board of directors, as V. James Marino and Nigel Travis have decided not to stand for reelection at the company’s upcoming annual meeting of shareholders to be held in 2020.
Hudson’s Bay Launches Themed Pop-Up Shops
Hudson’s Bay is launching a new immersive pop-up shop developed to meet consumer demands for apparel and home fashion that reflects the beginning of the Millennial era.
Kirkland’s Improves Q4 Sales Momentum
Kirkland’s reported improved sales momentum for its 13-week fourth quarter and 52-week fiscal year ended February 1.
Report: Activist Investor Weighs Purchase Of Tuesday Morning
According to a recent Dallas Morning News report, an activist investor has purchased shares of Tuesday Morning, which may lead to a potential bid for the off-price retailer.
Overstock Adds Shapiro To Board Of Directors
The board of directors of Overstock has appointed Dr. Robert Shapiro to the board as of February 17. Shapiro is the chairman and founder of Sonecon, LLC, a firm advising businesses, governments and non-profit organizations on economic and security-related matters.
Aaron’s Settles With The Feds As Q4 Sales Rise
A charge to settle a U.S. Federal Trade Commission matter pushed Aaron’s Progressive division to a loss in the fourth quarter, but not all news was bad news for the company.
Report: Stage Stores Eyes Bankruptcy Filing
According to a recent media report in the Wall Street Journal, Stage Stores is preparing for a financial restructuring that could include a bankruptcy filing.
QVC And HSN To Debut Emerging Brands
QVC and HSN are helping more than 70 entrepreneurial brands introduce their products to consumers by the end of 2020.
Sur La Table Partners With Food Network Kitchen
Sur La Table has entered into a partnership with Food Network Kitchen. According to Discovery, parent company to Food Network, the two brands will launch cooking classes that consumers can stream live on Food Network Kitchen or take in-person at Sur La Table stores.
Bed Bath & Beyond Positions Investment Strategy To Fuel Turnaround
Bed Bath & Beyond has revealed its fiscal 2020 capital allocation strategy, including an estimated $1 billion spend balanced across capital return to shareholders, debt reduction, and reinvestment in the company’s core business operations.
Wayfair Taps Clarkson As U.S. Brand Ambassador
Wayfair has tapped singer, songwriter, voice coach and TV host Kelly Clarkson as the retailer’s first official brand ambassador in the U.S. The partnership with Clarkson will span TV, digital and retail, and will also include a new home collection.
Fortune: Wegmans Reigns As Top Retailer For Workers
Fortune Magazine has published its list of the top 100 companies to work for in the U.S. and the only retailer to crack the top 10 was Wegmans Food Markets.
Groupon Names Thomas Chief Financial Officer
Groupon said that interim chief financial officer Melissa Thomas will assume the role on a permanent basis, effective immediately. The company also appointed two new members to its board of directors.
Pier 1 Bankruptcy Identifies Unsecured Creditors
Pier 1 entered into Chapter 11 protection in the U.S. Bankruptcy Court for the Eastern District of Virginia on February 17 to facilitate a Plan Support Agreement with a majority of its term loan lenders, listing its major unsecured creditors as it did so.
Home Boosts Walmart Q4 Sales Gains
The home department helped Walmart post net and comparable sales gains in the fourth quarter, although earnings fell short of Wall Street estimates.
Bed Bath & Beyond To Sell PersonalizationMall.com
Bed Bath & Beyond has entered into a definitive agreement to sell its PersonalizationMall.com business to 1-800-Flowers.com, Inc. for $252 million, subject to certain working capital and other adjustments.
Publix Recognizes Store, Division Managers
Twelve Publix supermarket managers were recognized for their leadership and dedication during a dinner at the company’s annual Retail Operations Conference in Orlando, Florida. The George W. Jenkins Award and the President’s Award are Publix’s two most prestigious recognitions.
Pier 1 Enters Chapter 11, Pursues Sale
After months of speculation about its ability to continue operating, Pier 1 Imports has filed for Chapter 11 bankruptcy protection as it pursues a sale of the business. The company also said it would complete the previously announced closure of up to 450 store locations in the process, which includes the closure of all its stores in Canada.