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Casual Male, a retailer of men's big and tall apparel, announced the launch of DestinationXL.com, an e-commerce site offering the largest selection of clothing for big and tall men.

Target's Executive Vice President and Chief Financial Officer Doug Scovanner plans to retire from his posts next year. The discounter said that Scovanner will retire on March 31, 2012.

Sycamore Partners, a private equity firm based in New York, and Limited Brands announced that Sycamore has acquired a controlling 51 percent interest in Mast Global Fashions, the third-party apparel sourcing division of Limited Brands.

A bipartisan group of senators introduced legislation yesterday that would undertake a sweeping restructuring of the U.S. Postal Service, aiming to put the ailing organization back on the path to financial stability.

Wayne, N.J. — Toys"R"Us has named the leadership team for its retail business operations in Southeast Asia and Greater China, following the recent announcement of its new joint venture agreement with Li & Fung Retailing. With this agreement, the existing Toys “R” Us business operations in the region, which had previously been licensed, are now majority owned and controlled by Toys “R” Us. Monika Merz, currently president and CEO, Toys"R"Us, Japan has been named president, Toy “R”Us, Asia. In addition to providing ongoing leadership for the Toys“R”Us businesses in Japan and Australia, Merz’s role has been expanded to include

Woonsocket, R.I. -- CVS Caremark Corp.’s third-quarter profit rose 7.3%, to $868 million, driven by strong performances in its pharmacy businesses. Its performance topped Wall Street expectations. Revenue for the three-month period ended September 30, 2011, rose 12% to $26.67 billion, from $23.71 billion. Revenue in its pharmacy-services segment increased 26% $14.8 billion, boosted by a contract with Aetna Inc. and added business from the acquisition of Universal American Corp.'s Medicare prescription drug business. Revenues in the retail pharmacy segment increased 3.8% to $14.7 billion; same-store sales rose 2.3%. “Our retail drugstore business continues to grow and gain share

New York City, Washington, D.C., San Francisco and Seattle top the list of the strongest retail real estate markets, according to Colliers International’s “Third Quarter 2011 North America Retail Highlights” report.

Columbus, Ohio -- Express said Thursday that its CEO, Michael Weiss, will also take over the role of board chairman, because of the current chairman's involvement in a rival company. Weiss succeeds Stefan Kaluzny in the chairman's job. Kaluzny joined Express' board when the private equity firm where he worked, Golden Gate Capital, bought Limited Brands in 2007. Kaluzny has since joined another private equity firm, Sycamore Partners, which recently brought a controlling stake in Mast Global Fashions, which is Limited Brands' apparel sourcing division.

Pittsburgh -- American Eagle Outfitters reported Wednesday that sales for the quarter ended Oct. 29 rose 11% to $832 million, compared with $752 million in the year-ago period. Same-store sales increased 5% for the quarter, following a 1% rise for the same period last year. By banner, American Eagle posted a 5% comp increase and Aerie comps surged 8%. “Our third quarter results reflect stronger merchandise assortments and targeted promotions supported by strategic inventory investments,” said Jim O’Donnell, CEO.

VeriFone Media is revamping the taxi TV systems it operates in 6,800 New York City cabs to offer a second channel, interactive tickers, in-cab purchases and printable coupons.