Retail Executive News

01/04/2012 - 3:33pm
Shopko Stores to merge with Pamida

Shopko Stores Operating Co. said that Shopko and Pamida will merge to create one of the largest U.S. retailers focused on serving smaller and rural communities.

01/04/2012 - 2:53pm
Dollar General to open 625 stores in 2012; will enter California with 50 locations

Dollar General plans to open 625 stores and add more than 6,000 new jobs in 2012.

01/04/2012 - 11:17am
Liz Claiborne to change name to Fifth & Pacific Co.

Liz Claiborne Inc. said that it will change its name to Fifth & Pacific Cos., effective May 15, to reflect the divestiture of its namesake brand as well as a newly honed focus on its core banners.

01/03/2012 - 6:08pm
Holiday Deadline Extension: Retail Store of the Year Design Competition

Due to the holiday rush, Chain Store Age extended the deadline for its 30th annual Retail Store of the Year Design Competition until Tuesday, Jan. 3, 2012.

01/03/2012 - 5:17pm
Brookstone names chairman as interim president; appoints COO

Brookstone announced that Jackson Tai, chairman of the board, will also serve as interim president in the wake of the resignation of Ron Boire, the chain’s president and CEO.

01/03/2012 - 5:11pm
ARG: Holiday credit-card debt to drive down January and February sales

January post-holiday sales will plunge to some of the lowest levels in years thanks to a surge in credit card spending over the Christmas season, according to consumer research firm America’s Research Group (ARG).

01/03/2012 - 5:07pm
Report: Sears arms associates with iPads and iPod touches

Sears has given store associates more than 5,000 Apple iPads and 11,000 iPod touches to track inventory and customer orders, Lou D’Ambrosio, CEO, Sears Holdings Corp., said in a Bloomberg report.

01/03/2012 - 5:02pm
Grubb & Ellis: Continued sluggish real estate recovery in 2012

The struggling housing market, weak job growth and ongoing consumer deleveraging caused the retail market to lag other property sectors in 2011, according to Grubb & Ellis Co.’s 2012 National Real Estate Forecast, which predicts a year of slow but continued growth for all commercial real estate property sectors.

01/03/2012 - 11:46am
Sears hires former Brookstone chief executive to lead merchandising

Sears Holdings Corp. hired Ron Boire, the former president and chief executive of Brookstone Inc. to lead its merchandising and retail stores for both the Sears and Kmart brands.

12/29/2011 - 12:54pm
Report: Consumers spent $44 billion on holiday 2011

Thanks to a last-minute shopping rush, Christmas 2011 will likely outpace its prior-year counterpart.

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