At an investor conference on Thursday, Gap CEO Glenn Murphy announced the company will close 200 of its 900 U.S. namesake stores even as it expands its outlet presence.
Borders Group said that it is faced with closing dozens of its best-performing stores due to a requirement of its bankruptcy financing if their landlords don't agree to extend a lease-negotiation period.
Fortune Brands announced that it has named E. Lee Wyatt as SVP and CFO of its home and security unit.
Ahead of the upcoming Licensing International Expo in Las Vegas, Disney Consumer Products chairman Andy Mooney showcased the companies plans to expand its retail presence.
HSN announced that Jennifer Lopez will launch her new fragrance Love & Light exclusively on HSN on July 2.
Talbots announced that it has named Lesli Gilbert SVP stores, effective June 27.
Blockbuster announced that it is rewarding good students with its "Good Grades, Free Rental" program.
Whole Foods Market announced the addition of Blake W. Nordstrom to the company's board of directors, increasing the size of the board to 12 members. He will serve on the audit committee.
Safeway is bringing Coinstar's self-service coin-counting kiosks to its U.S. and Canada stores, the supermarket retailer announced Thursday.
Keynote Systems, which provides Internet and mobile cloud monitoring, announced that BJ’s Wholesale Club is using various Keynote solutions for optimizing the performance of its website.