REAL ESTATE

Hudson’s Bay to test Home Outfitters concept in United States

BY CSA STAFF

New York City — Hudson’s Bay Co. will test its HBC’s Home Outfitters concept in the United States, opening two stores in New Jersey in late summer, The Globe and Mail reported.

If successful, the company will further expand the home-goods concept, which will be called Lord & Taylor Home in the United States. (Hudson’s Bay and Lord & Taylor are owned by Purchase, N.Y.-based NRDC Equity Partners.)

The two test stores will carry pricier brands as well as less costly private labels. If they take off within about five months, the company will expand them in the northeast United States and eventually across the United States, the report said.

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Lowe’s creates credit card incentive

BY CSA STAFF

Customers paying with their Lowe’s Consumer Credit Card receive an immediate discount of 5% on in-stock and special order purchases bought in stores or online at lowes.com, Lowe’s said.

Customers with single-receipt purchases of $299 or more can choose between the 5% discount or special financing currently advertised.

Some fine print applies to the deal, described by the retailer as a "new, simple way to save every day." The special financing and 5% discount can’t be combined. The offer isn’t valid on previous sales, purchases of services or gift cards and can’t be used in conjunction with any coupon, military discount, employee discount or Lowe’s low price guarantee.

The Lowe’s Consumer Credit Card is issued by GE Money Bank.

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Target exec joins chain drug board

BY CSA STAFF

Jose Barra, SVP health care and beauty at Target, is among four new members elected to join the 21-member board of directors of the National Association of Chain Drug Stores (NACDS). Barra’s appointment was announced at the NACDS Annual Meeting held this week in Scottsdale, Ariz. Other new members include, Jerry Cline, SVP retail sales and marketing at Good Neighbor Pharmacy; Lynne Fruth, chairman of the board of Fruth Pharmacy and Steve Kaczynski, CEO of Navarro Discount Pharmacies.

NACDS also announced that H-E-B chief administrative officer Robert Loeffler would serve as chairman of the board to succeed CVS president and CEO Larry Merlo. In addition, Greg Wasson, president and CEO of Walgreens was elected vice chairman and Robert J. Narveson, president and CEO of Thrifty White Stores was elected treasurer.

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