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Target’s New Canada Boss, Mark Schindele, Sits Down for Interviews… “New head of Target Canada plots his course to a turnaround” by Marina Strauss at Globe & Mail. “It makes me feel terrible where we’re disappointing our guests [customers] where we have an empty shelf,” Mr. Schindele said in an interview on Tuesday at […]
“Dollar Tree pursued Family Dollar months before Icahn push” by Rick Rothacker at Charlotte Observer. “Dollar Tree first contacted Family Dollar Stores about a possible acquisition in late February, months before investor Carl Icahn began pushing for a Family Dollar sale, according to a securities filing Monday…The Morgan Stanley banker who fielded the initial […]
Rioters Loot and Burn Ferguson, Missouri Retailers: “Rioters Burn C-Store to the Ground in Ferguson, Missouri” at Before Its News. “What began as another peaceful vigil this evening in a suburb of St. Louis where Ferguson police shot and killed an unarmed youth Saturday, turned into a scene out of the 60′s Civil […]
“More Kroger Marketplaces Replace Furniture with Clothing” by Alexander Coolidge at Cincinnati.com. “Our Marketplace store is an evolving format – customers have told us that they prefer an expansive apparel offering to furniture,” said Kroger spokesman Keith Dailey…By the end of 2014, 59 Marketplace stores will have a full clothing section with fewer furniture […]
“Costco July Comp Sales +5%” “Costco reported net sales of $8.55 billion for the month of July, the four weeks ended August 3, 2014, an increase of nine percent from $7.87 billion during the similar four-week period last year.” Read the release “Home Depot’s Craig Menear Appears on CNBC” “KELLY EVANS: Have you been involved in succession talks? […]
“WSJ Interview with Walmart CEO Int’l – David Cheesewright” by Shelly Banjo. “With 80% of retail industry growth that is going to happen over the next 10 years coming from outside of the U.S., I have to be the growth engine for our business. We are disappointed with the growth levels from last year, […]
“Target opens office in heart of Silicon Valley” by Kavita Kumar at Star-Tribune. “The 7,000-square-foot Sunnyvale office will initially have about 15 employees, but could one day have upward of 70, Baeb said. The new space, which held a small open house on Monday night, will also provide a home base for Target executives […]
“Target Beat Out J.C. Penney in Landing Brian Cornell” by Joann S. Lublin at WSJ. “The battered department store chain pursued Mr. Cornell about succeeding CEO Mike Ullman. Penney, which has been seeking Mr. Ullman’s successor for a year, contacted Mr. Cornell earlier this year.” Read more “Wal-Mart’s website to personalize shopping” by […]