Target renovates Chicago area stores to new layout
Minneapolis — Target announced that more than 55 of its stores in the Chicago area have been redesigned to further deliver one-stop shopping convenience for guests. The stores have been updated to feature the retailer’s open-market grocery layout, with an expanded selection of fresh produce, fresh meat and baked goods.
In addition to the expanded fresh food layout, the beauty department displays softer lighting and curved fixtures, as well as interactive screens to help guests select the right beauty products for their individual needs. The home department has added wider aisles and lower product fixtures offering easier navigation and enabling guests to see more of the department at a glance.
The shoe department provides better product visibility and has enhanced guest comfort by adding more seating and mirrors. Finally, the electronics department has added a fun, interactive environment with video games displayed on a unique tether system, allowing guests to browse and try games at their convenience.
J.C. Penney adopts poison pill
Plano, Texas — J.C. Penney said Monday that it has adopted a shareholder rights plan, or so-called poison pill, in light of "recent rapid accumulations of a significant percentage of the company’s outstanding common stock." The plan has a term of one year. The rights have a 10% trigger.
The news follows the announcement that activist investor Bill Ackman’s Pershing Square Capital Management and real estate firm Vornado Realty Trust recently disclosed a 16.5% and 9.9% stake each in the retailer.
Sears launches charitable jewelry line
HOFFMAN ESTATES, Ill. Sears has launched the Knots of Love jewelry line, an exclusive new charitable jewelry line making its debut online and in-store this month.
The line is being introduced with the support of Sun Source Jewelry and offers an extensive assortment of pendants, rings, and earrings, characterized by the signature Knots of Love heart.
“We chose to collaborate with the Knots of Love charity because we believe in its mission, and because the jewelry designs, representing kindness and love, also signify our commitment to building a relationship with our customers,” said Megan Featherston, VP jewelry for Sears Holdings.”The Knots of Love collection offers a line worthy of its fine jewelry designation, while also allowing our customers to proudly display their support for a worthy cause.”