Content about Economy of the United States

December 23, 2014

Belk president and chief merchandising officer Kathryn Bufano was named president at CEO of The Bon-Ton Stores late Thursday.

December 23, 2014

Retail and consumer products veteran Brian Cornell was named chairman and CEO at Target to fill two of the three roles previously held by the company’s former top executive Gregg Steinhafel.

December 23, 2014

Beatrice Lafon was named CEO at specialty retailer Claire’s Stores following the release of fourth quarter results and a steep slide in same store sales.

December 23, 2014

Kevin Holt was named CEO of Delhaize America to oversee U.S. operations that account for 60% of Belgium-based retailer’s annual sales of $28 billion.

December 23, 2014

Family Dollar delayed a shareholder vote on a potential acquisition by Dollar Tree until Jan. 22 in a move that allows more time to contemplate a rival bid from Dollar General.

 

December 23, 2014

Teen and pre-teen retailer Five Below landed two senior executives from Walmart.com and Ascena Retail Group for key roles as it looks to accelerate an already rapid pace of growth.

December 23, 2014

Gordmans Stores five month search for a CEO is over with veteran department store retailer Andrew Hall hired for the top job.

December 23, 2014

Walmart named Greg Foran president and CEO of its U.S. stores division to replace Bill Simon, who is leaving the company after an eight-year run.

December 23, 2014

Home Depot EVP Marvin Ellison will become president of J.C. Penney on November 1 and succeed Mike Ullman as CEO of the department store retailer next August.

December 23, 2014

Fernando Madeira will succeed Joel Anderson as president and CEO of Walmart.com to help the retailer further a growth strategy focused on winning at the integration of physical and digital.

December 23, 2014

Guitar Center has chosen Darrell Webb to be the company's new president and CEO. From 2011 to 2013, Webb served as chairman and CEO of the Sports Authority. 

December 23, 2014

Imagine a lifelong Procter & Gamble employee suddenly named CEO of Walmart and that is essentially what happened at leading global retail Tesco where the company has named long time Unilever executive Dave Lewis as its next CEO.

December 22, 2014

Albertsons plans to acquire Safeway for $32 a share in a deal valued at roughly $9 billion that will create a supermarket chain with roughly 2,400 locations to rival market leader Kroger.

December 22, 2014

Manhattan residents have the opportunity to receive Amazon deliveries faster than ever before. 

December 22, 2014

Belk Inc. has renewed its agreement with eBay Enterprise to manage multi-site customer support. 

December 22, 2014

The Home Depot elevated 14 year veteran Ted Decker to the role of EVP of merchandising to oversee all aspects of merchandising strategy and operations.

December 22, 2014

Dollar Tree said it would acquire Family Dollar in a transformational cash and stock deal valued at $8.5 billion to create a company with more than 13,000 stores and annual sales of $18 billion.

December 22, 2014

Target opened its experimental Express format on July 23 in a community near downtown Minneapolis designed to give the retailer an early indication of expansion potential for the 20,000-sq.-ft. concept.

December 22, 2014

Executives from The Home Depot, Warby Parker and Chico’s will receive top honors from the retail industry next month when the National Retail Federation convenes its annual Big Show in New York.

December 22, 2014

CVS has developed an omnichannel strategy for this holiday season. The retailer is focused on targeting customers online, on mobile and in stores. 

December 22, 2014

A federal judge has ruled that customers suing Target for last year’s data breach may move forward with their claims.

December 22, 2014

The merchandising organization at Walmart is being transformed again following the departure of EVP and chief merchandising officer Duncan Mac Naughton which triggered several other high level moves.

December 22, 2014

The months-long back and forth is over. The Men's Wearhouse will acquire all outstanding shares of Jos. A. Bank’s common stock for $65 per share in cash, or total consideration of $1.8 billion. The boards of directors of both companies have unanimously approved the transaction.

December 22, 2014

CVS Caremark claimed the healthcare high ground by discontinuing the sales of tobacco products but the move comes with a steep price as the company said it will lose $2 billion in revenue and experienced a 17 cents a share profits impact.

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