Retail

Dollar General’s Dreiling to Retire

Rick Dreiling

GOODLETTSVILLE, Tenn.-Rick Dreiling, Dollar General’s chairman and CEO, has said he intends to retire on May 30 of next year, or upon the naming of a successor. The 60-year old Dreiling has served as Dollar General’s CEO since January 2008 and was named chairman in December of that year. A Dollar General statement said theMore »

Michaels Goes Public

Michaels

IRVING, Texas-The Michaels Cos. Inc. has launched its initial public offering of nearly 27.8 million shares of common stock, priced at $17 per share. The shares are listed beginning today on the NASDAQ Global Select Market, and are being traded under the symbol MIK. Until today, the retailer’s stock had not been publicly traded, althoughMore »

Target Canadian Stores Get LEED Certification

Target, Facebook Align for Cartwheel App

MISSISSAUGA, Ontario-All 124 Target stores in Canada have received Leadership in Energy & Environmental Design (LEED) certification from the U.S. Green Building Council’s LEED Volume Program. The LEED Volume Program streamlines the certification process for buildings in both Canada and the United States. To obtain the certification, Target stores underwent various rounds of audits throughoutMore »

Bed Bath Q1 Net Down 7.6 Percent on Higher Tech Expenses

Bed Bath & Beyond Net Edges Up 1.8 Percent in Sluggish Q3

UNION, N.J.-Soft sales and the company’s continuing investments in technology initiatives depressed Bed Bath & Beyond’s first-quarter net income by 7.6 percent, to $187.1 million. Net sales in the quarter, which ended on May 31, rose 1.7 percent to $2.7 billion, with a same-store sales pickup of 0.4 percent. In a conference call yesterday toMore »

Restoration Hardware Debuts RH New York Gallery

The RH New York Gallery

CORTE MADERA, Calif.-Restoration Hardware has opened RH New York, its gallery in New York City’s Flatiron district. Located at 935 Broadway, the gallery has three floors and 30,000 gross square feet, three times the size of the previous gallery. It offers RH’s recently introduced 2014 furniture collections, including pieces from the RH Small Spaces SourceMore »

Consumer Confidence Jumps in June

Conference Board

NEW YORK-The consumer confidence index rose three points to reach 85.2, its highest level in more than six years, according to The Conference Board, which provides the monthly indicator. Lynn Franco, the board’s director of economic indicators, said an improvement in current conditions provided one of the key drivers in this month’s gain. The presentMore »

Van den Berghe Tabbed to Head Walmart Canada

Dirk Van den Berghe

MISSISSAUGA, Ontario-Walmart has appointed Dirk Van den Berghe as president and CEO of Walmart Canada. Van den Berghe will assume his new post on Aug. 1. He will report to Shelley Broader, who was recently named president and CEO of Walmart’s EMEA region, which encompasses the retailer’s operations in Europe, the Middle East, Africa andMore »

Starbucks Exec Joins Macy’s Board

Annie Young-Scrivner

CINCINNATI-Annie Young-Scrivner, executive vice president of Starbucks Coffee Co. and president of its Teavana business, has been elected to the Macy’s board of directors. Young-Scrivner’s election brings the size of Macy’s board to 11 members. She has served in several key Starbucks roles since 2009, including president of Starbucks Canada, president of Tazo Tea andMore »