First Lady has another reason to shop at Target
The Associated Press reported last week that First Lady Michelle Obama was sighted shopping incognito at a D.C. area Target store wearing a baseball cap and sunglasses. Secret Service agents arrived about a half-hour before Mrs. Obama, who walked in through the main entrance with an assistant and spent 30 to 40 minutes shopping and pushing her own cart, according to AP.
Now comes word that Target has partnered with Jason Wu, the designer who created the First Lady’s inaugural gown, to offer a limited-edition line of women’s apparel, handbags and scarves. The line won’t be available until next February.
“My collection for Target embodies my signature aesthetic of feminine sophistication, with a mischievous nod to the 1960s,” Wu said.
NRF pleased with Obama’s efforts to promote free trade
WASHINGTON—The National Retail Federation announced that it is pleased with President Obama’s efforts to implement three pending Free Trade Agreements.
“These trade pacts will help break the logjam on job creation, and we applaud the White House for moving them forward,” NRF president and CEO Matthew Shay said. “Trade with South Korea, Colombia and Panama will make it easier for U.S. companies to export their goods and services overseas, and that means jobs for American workers. Congress should move to break down trade barriers that are holding back our economy by approving these agreements as quickly as possible. Expansion of international trade is one of the keys to our nation’s recovery.”
Obama said Monday he would have an announcement on the trade agreements “in the next day or so,” and news reports said the agreements could be sent to Congress as soon as yesterday afternoon.
According to NRF, Free and open international trade is crucial to U.S. retailers’ ability to provide American families with the products they need and want at prices they can afford. To help expand the U.S. retail industry’s global trade relationships, Shay is scheduled to travel to China next week as part of a delegation of U.S. retailers who will participate in the Canton Fair in Guangzhou and work to deepen ties with Chinese counterparts.
Wal-Mart to webcast annual meeting for investors
Bentonville, Ark. –Wal-Mart Stores, Inc. will webcast its annual meeting for the investment community on Wed., Oct. 12 from approximately 8:00 a.m. CDT to 3:30 p.m. CDT.
The video webcast will include slide presentations and question and answer sessions on all three operating segments — Walmart U.S., Walmart International and Sam’s Club, as well as Global eCommerce, capital plans and the company’s strategic direction for next fiscal year. A more detailed schedule will be released before the meeting and will be posted on the company’s website.