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Retail News

Retail news continually updated from thousands of sources around the net.

1 hr ago | Gawker

Walmart Spokesman Lied. What? Not a Walmart Spokesman

Top Walmart spokesman David Tovar has reportedly resigned after the company found that he lied about receiving a college degree on his resume. Lying? Not Walmart spokesman David Tovar! Lying? Not David Tovar, who explained his departure from this job in an email like so: "We all know the first rule of journalism is 'don't bury the lead' so here goes: after eight amazing years, I've decided to leave Wal-Mart at the end of the month."

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Related Topix: Journalism, Wal Mart Stores

5 hrs ago | Contra Costa Times

LeBron banner could rise again in Cleveland

Sherwin-Williams Co. has asked the city for approval to hang a new banner of James on its headquarters across the street from Quicken Loans Arena, the Plain Dealer reported Tuesday.

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Related Topix: Manufacturing, Sherwin Williams, Chemicals

5 hrs ago | KRNV-TV Reno

TJ Maxx, Marshalls owner ordered to pay $2.8M

A judge has ordered the owner of T.J. Maxx, Marshalls and HomeGoods to pay $2.8 million to settle allegations more than 280 of its stores in California improperly disposed of hazardous waste. The order by a Monterey County judge against The TJX Companies, Inc. was announced Tuesday by 37 California district attorneys and city attorneys.

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Related Topix: Monterey County, CA, TJX Companies

9 hrs ago | Business Journal

EZCorp to cut undisclosed number of jobs within 60 days

EZCorp Inc.'s board last week approved a plan to cut an undisclosed number of jobs within 60 days, in what the company says is a move to "right-size" the business. The Austin-based company revealed Monday that on Sept.

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Related Topix: EZCORP, Financial Services, US Securities and Exchange Commission, Securities and Exchange Commission, Corporate / Securities Law, Law

13 hrs ago | Contra Costa Times

Condemned Santa Clara County killer loses mental retardation claim

Condemned Santa Clara County killer David Allen Raley has lost perhaps his last legal argument to get off California's death row for the 1985 murder of a Peninsula teenager and the attempted murder of her friend in a deserted Hillsborough mansion. Santa Clara County Superior Court Judge Linda Clark this week rejected Raley's argument that he was mentally retarded at the time of the crime, a finding that would bar his execution under a 2002 U.S. Supreme Court ruling.

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Related Topix: Santa Clara County, CA, Prison, Raley's, Grocery, Criminal Defense Law, Law, US News, US Supreme Court

16 hrs ago | Business Journal

Sears to borrow $400M from own CEO's hedge fund

Sears Holdings Corp. will borrow $400 million from its own CEO's hedge fund after failing to turn around its long-term struggles in the first half of this year. With the money from Edward Lampert 's ESL Investments, plus about $665 million Sears pulled in from spinning off Lands' End and selling some real estate, the Wall Street Journal reported that the retailer has raised about $1 billion this year .

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Related Topix: Sears Holdings Corporation, Sears

20 hrs ago | Business Journal

Neiman Marcus to acquire Munich online retailer, luxury store

Neiman Marcus Group is bolstering its online business and moving into new markets by acquiring a global luxury online retailer and taking over a flagship luxury store in Munich, Germany. The Dallas-based retailer signed an agreement to acquire mytheresa.com from Christoph and Susanne Botschen and Action Capital Partners.

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Related Topix: Neiman Marcus Groups, World News, Germany

Mon Sep 15, 2014

Reuters

UPDATE 1-Hedge funds say Ann Inc could be worth $65/shr in potential sale

Hedge funds Red Alder LLC and Engine Capital again urged Ann Inc to consider a sale to a private equity firm or another apparel company, stepping up pressure on the women's retailer to improve its performance. A sale to retailers like Chico's FAS Inc, Ascena Retail Group, J.Crew or Fast Retailing Co Ltd, could fetch a price between $60 to $65 per share for the Ann Taylor parent, the hedge funds said in an investor presentation on Monday.

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Related Topix: Apparel, Ann Taylor Stores, Startups, Apax Partners

Inside Bay Area

Palo Alto startup teams with Macy's, Bloomingdale's for same-day delivery

Palo Alto startup Deliv is teaming up with Macy's and Bloomingdale's to test same-day delivery for products purchased on their websites, parent company Macy's announced Monday. The department stores are joining the growing ranks of retailers trying to compete with superfast delivery options offered by e-commerce sites like Amazon.com .

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Related Topix: Federated Department Stores, Amazon, Internet, Science / Technology, Media, IT Services, Audible

Brandon Sun

Most actively traded companies on the TSX

B2Gold Corp. . Miner. Down seven cents, or 2.99 per cent, to $2.27 on 7.4 million shares.

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Related Topix: Microfinancial, Food, Leasing, Financial Services, Maple Leaf Foods, Smart and Final, Insurance, Manulife Financial, Canadian Natural Resources, Energy, Oil & Gas

CTV

Urban Outfitters apologizes for red-splattered Kent State sweatshirt

Urban Outfitters has apologized for selling a red-splattered sweatshirt that referenced Kent State University where four students were shot dead in 1970. Clothing retailer Urban Outfitters has apologized for selling a red-splattered sweatshirt that referenced an Ohio university where four students were shot dead in 1970.

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Related Topix: Urban Outfitters, Apparel, Kent State University, Violent Crime

KXLY-TV Spokane

Liquor fee fight pushes Costco to Washington GOP

Executives at Costco Wholesale have long been big supporters of Democratic causes and candidates, but an obscure liquor tax fight is prompting the company to support Washington state Republicans. The Seattle Times reports that in the key battle for control of the state Senate this year, top Costco brass have essentially switched sides, backing the Republican Party's efforts to maintain and expand its majority coalition.

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Related Topix: Costco Wholesale, Variety Wholesalers, US News

Brandon Sun

New Cibc Ceo announces reorganization of bank's senior executives

The Canadian Imperial Bank of Commerce has announced a major reorganization of senior management, as incoming CEO Victor Dodig shuffled a number of roles and announced the exit of two executives. Changes include the departure of two longtime leaders at the bank, following on the heels of CEO Gerry McCaughey's surprise retirement nearly two years earlier than expected.

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Related Topix: Financial Services, Canadian Imperial Bank of Commerce, Banking, Coles Myer, Grocery

West Australian

RadioShack CFO resigns; AlixPartners MD named interim CFO

Struggling electronics retailer RadioShack Corp, which is teetering on the brink of bankruptcy, said John Feray resigned as chief financial officer last week. The company said on Monday it named AlixPartners LLP managing director Holly Etlin as interim CFO.

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Related Topix: RadioShack, Financial Services, AlixPartners, Economics News, Bankruptcy

4029TV.com

Urban Outfitters sells bloody Kent State shirt

Urban Outfitters is under fire for selling a "blood-stained" Kent State sweatshirt in an apparent homage to the 1970 shooting there that left four people dead. Described as "vintage" on the clothing retailer's website, the shirt was spattered with dark red blotches and had several small holes.

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Related Topix: Apparel, Urban Outfitters

Daily-Jeff.com

Yelp group mourns prolific Ohio reviewer Paul F.

Paul F. once gave a gas station a five-star review for its hot dogs. He tore into a breakfast restaurant for charging him a quarter for jelly.

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Related Topix: KSS Retail, Kohls, Columbus, OH

Lowell Sun

Littleton Market Basket to open soon

Market Basket will open its new Littleton store, which has been under construction off Route 119, by the end of the year. "I am writing to provide with the assurance that we are, after some delay, proceeding rather quickly and have directed all available resources to open the new Market Supermarket in Littleton by the end of December 2014," Arthur T. Demoulas, CEO of Demoulas Super Markets Inc., wrote in his Sept.

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Related Topix: Littleton, MA, Demoulas Super Markets, Grocery

Sun Sep 14, 2014

Colorado Daily

In wake of CEO ouster, a turning point for Boulder-based Alfalfa's Market

Andrew Scott stocks sweet potatoes in the produce area on Tuesday at the Alfalfa's on Broadway and Arapahoe Avenue in Boulder. A senior leadership upheaval last week at Alfalfa's Market - a two-store local grocer that is a reboot of the popular natural foods chain of the 1980s and '90s - resulted in the firing of three managers and the forced resignation of CEO and Chairman Mark Retzloff, an industry veteran who co-founded both iterations of Alfalfa's.

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Related Topix: Potatoes, Life, Food, Vegetables, Wild Oats Markets, Grocery, Austin, TX

The Times-Tribune

State police set up checkpoint near Blooming Grove barracks as shooting investigation continues

State police have set up a checkpoint on Route 402 North, just past the Blooming Grove police barracks where one trooper was killed and another was wounded during an ambush Friday night. Officers are stopping motorists and asking if they witnessed anything.

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Related Topix: US News, US Federal Bureau of Investigation, Dunmore, PA, Tiffany , Jewelry, Trooper, PA

The Motley Fool

3 Retailers to Put in Your Portfolio Before the Holidays

Amazon is leading the online revolution Retailers delivered largely disappointing financial performance during the last holiday season. The unusually cold weather was clearly a relevant factor behind lackluster sales data, but the online retail revolution is a much more serious and permanent threat for many brick-and-mortar operators.

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Related Topix: Weather, Restaurant Management, Starbucks, Life, Holidays, Cyber Monday, Federated Department Stores

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