Retail

Target Data-Breach Expenses Expected to Total $148 Million in Q2

Target

MINNEAPOLIS-In a preliminary statement about its second-quarter financial results, Target said it expects those results to include gross expenses of $148 million related to the December 2013 breach of data about shoppers’ payment cards and other information. These costs will be partially offset by a $38 million insurance receivable, also related to the data breach,More »

Wayfair Among Fastest-Growing Retailers on Stores List

Wayfair.com

WASHINGTON-Online home retailer Wayfair finished number two on Stores magazine’s 2014 list of the nation’s fastest-growing retailers. The company’s sales for 2013, which totaled $915 million, were 52.5 percent ahead of its sales for 2012, according to the list compiled by the magazine, which is a publication of the National Retail Federation. Finishing fourth onMore »

Target Opens Three New Stores in Canada

Target

MISSISSAUGA, Ontario-Target has opened three new stores in Canada, located in Erin Mills Town Centre here; Park Place in Barrie, Ontario; and Carrefour Candiac in Candiac, Quebec. The grand openings for the new sites took place last Friday, Aug. 1. Each store carries an extensive range of Target-owned and exclusive brands, along with limited-time collaborationsMore »

Community Choice Financial’s Saunders Joins Conn’s Board

Conn's

THE WOODLANDS, Texas-Conn’s has appointed William E. Saunders Jr., chairman and CEO of Community Choice Financial, to its board of directors. Saunders has been CEO of Community Choice Financial since June 2008, and was named chairman in May of this year. He joined the company in March 2006 as chief financial officer. Community Choice FinancialMore »

Walmart Preps for an August Cyber Monday

Walmart

BENTONVILLE, Ark.-Walmart is kicking off August with special back-to-school deals geared toward college students looking for top electronics, dorm décor and other school essentials. The mass retailer said its rollbacks and special buys are timed to the start of sales tax holidays in select states and at a time that data shows a spike inMore »

Bufano Named to Lead Bon-Ton

Kathryn Bufano

YORK, Pa.-The Bon-Ton Stores has named Kathryn Bufano president and CEO effective Aug. 25. Bufano most recently served as Belk Inc.’s president of merchandising. Bufano will succeed Brendan Hoffman, who chose not to renew his employment agreement. Hoffman resigned as president and CEO and as a member of Bon-Ton’s board, effective with Bufano’s election. AMore »

West Elm Decorates Gracie Mansion

Gracie Mansion West Elm

NEW YORK–As New York City Mayor Bill de Blasio and his family settle in to Gracie Mansion this week, they will be making themselves at home amongst home furnishings supplied by West Elm. West Elm Home Stylist, Johanna Mele, was the lead designer on the project, which includes three bedrooms, a formal sitting room, aMore »

Aaron’s Picks MasterCard’s Lockhart for Board

Aaron's

ATLANTA-Gene Lockhart, former president and CEO of MasterCard Worldwide, has been selected to serve on the board of directors of rent-to-own retailer Aaron’s. Lockhart’s appointment to the board goes into effect today. Board member John Schuerholz, president of the Atlanta Braves, is retiring from the board after eight years of service. During his tenure withMore »