Target Corp. on Thursday named retail and consumer products veteran Brian Cornell as its new CEO and chairman of the board, effective Aug. 12.
FTD Companies Inc. will acquire the Provide Commerce floral and gifting business from Liberty Interactive Corp. for $430 million in cash and stock.
Financial woes continue for RadioShack, which was recently notified it is in danger of being delisted by the New York Stock Exchange.
By Sandy Skrovan, U.S. research director at Planet Retail
It’s no shock Bill Simon is leaving after not getting the lead role when Mike Duke stepped down as Walmart CEO last year. Simon did a lot of things well during his tenure at Walmart U.S., but we view it as having been difficult for him to have filled Duke’s shoes to become CEO of the largest global retailer without relevant international experience. Read More.