Retail

J.C. Penney, Gibson Sample Recipe for Success

Gibson

By Allison Zisko Gibson’s Simplemente Delicioso program, an extensive, cross-category housewares collection that sprung from a license agreement with Hispanic media giant Univision and in collaboration with chef and cookbook author Ingrid Hoffmann, has snagged considerable retail real estate with placement at J.C. Penny stores from coast to coast throughout the summer and beyond. TheMore »

Argyilan Tabbed to Head Target Media Efforts

Kristi Argyilan

MINNEAPOLIS-Target has hired Kristi Argyilan as senior vice president, media and guest engagement. The move puts Argyilan in charge integrating the retailer’s paid, earned, owned and shared media initiatives. She reports to Jeff Jones, chief marketing officer, and has succeeded Shawn Gensch, who resigned in December. Argyilan comes to Target from IPG Mediabrands, where mostMore »

Aaron’s Promotes Lawrence, Names Salgado in Exec Moves

Sharon Lawrence

ATLANTA-Aaron’s has promoted Sharon Lawrence to vice president of finance and has named Kirby Salgado vice president of merchandising. In her new role, Lawrence oversees the retailer’s finance team. She has succeeded Steve Michaels, who was promoted to vice president of strategic business development last November, prior to his appointment as Aaron’s president, which wasMore »

Target Tabs Glusker for New Business Integration

Peter Glusker

MINNEAPOLIS-Peter Glusker has joined Target in the newly created position of senior vice president, new business integration and operations. In his new role, Glusker oversees the integration of new acquisitions into Target, and develops strategies to ensure a consistent customer experience. He reports to Casey Carl, Target’s president of multichannel. Carl noted that, in theMore »

Ross Stores Q1 Net Rises 4 Percent

Ross Stores

DUBLIN, Calif.-Thanks to rising sales and controlled expenses, Ross Stores posted a first-quarter net-income gain of 4 percent, to $243.9 million. Net sales in the quarter, which ended on May 3, picked up 5.5 percent to finish at $2.7 billion. This included a same-store sales gain of 1 percent. According to Michael Balmuth, Ross’ viceMore »

Best Buy Goes from Loss to Profit in Q1

Best Buy Posts Q1 Loss

MINNEAPOLIS-In a quarter that, according to President and CEO Hubert Joly, reflected continued progress in its turnaround effort, Best Buy posted net income of $461 million, compared to a net loss of $81 million in the first quarter of last year. Reduced expenses as a result of the retailer’s Renew Blue initiative offset a declineMore »

Williams-Sonoma Q1 Net Climbs 17 Percent

WilliamsSonoma

SAN FRANCISCO-Strong performances from all of its brands propelled Williams-Sonoma’s first quarter to an increase of 17 percent in net income, to $46.2 million. As Laura Alber, the company’s president and CEO, explained to industry analysts during a conference call yesterday, the contributions from all of the brands boosted total net revenues to a recordMore »

Q1 Loss Up at Sears; Company Closes Stores

Sears Holdings

HOFFMAN ESTATES, Ill.-Sears Holdings said its first-quarter net loss totaled $402 million, compared to $279 million last year, and added that it has closed about 80 underperforming stores this year and may close more during the remainder of the year. Edward Lampert, chairman and CEO of the Sears/Kmart parent, said the first quarter reflected theMore »