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Suffern, N.Y. -- Ascena Retail Group reported Monday that adjusted net income for the quarter ended Jan. 26 dropped to $42.9 million, compared with $63.7 million in the year-ago period, due in large part to expenses associated with the company’s...

HUNTINGTON BEACH, Calif. — Quiksilver has announced the appointments of Tom Hartge as global head of footwear and Kasey Mazzone as global head of supply chain. The additions to the team are part of a larger senior management reorganization, which includes...

Target has opened the first three pilot stores in Ontario, Canada, today. The stores, which opened at Stone Road in Guelph, Milton Mall Shopping Centre in Milton and Gates of Fergus in Fergus, are the first of 124 Target stores that will open across the...

DALLAS — Tuesday Morning has named former Michaels Stores president and CEO, Michael Rouleau as its interim CEO. In his role as interim CEO, Rouleau will manage the company's day-to-day operations through the retention of a new CEO. He will continue to...

Quirky handmade-marketplace Etsy has found its way into the upscale shops of Nordstrom, which will be featuring selected Etsy vendors in their retail stores. The partnership is part of Etsy's calculated move into the wholesale business after the...

President Barack Obama on Monday nominated Wal-Mart's Sylvia Mathews Burwell as his next budget chief, thrusting her into the center of Washington's heated partisan budget battles. Obama announced Burwell's selection to lead the Office of Management and Budget during a White House ceremony, noting that her appointment comes as government-wide spending cuts are going into effect that he said mean "eventually a lot of people are going to feel some pain." The White House and congressional Republicans were unable to reach a deal to avert the cuts ahead of last Friday's deadline.

H&M has launched a global garment recycling initiative, rewarding shoppers who donate used garments. Through the initiative, H&M shoppers who donate clothing will receive a 15 percent off voucher on their next H&M purchase for each bag of clothing donated. Any piece of clothing, from any brand and in any condition, will be accepted at all H&M stores worldwide. Global Green USA, the American affiliate of Green Cross International, will be the sole U.S. beneficiary of the H&M garment recycling program. Donated textiles will be recycled and proceeds given to Global Green.

Walmart Foundation president Sylvia Mathews Burwell will be named director of President Barack Obama’s Office of Management and Budget during a ceremony at the White House scheduled for Monday morning. Obama announced his intent to appointment Burwell...

Kohl's, which is now without a chief marketer, plans to make major changes to its marketing strategy in the coming year to reach a broader base of customers. Kohl's CEO Kevin Mansell explained during the company's most recent earnings call that through its efforts to improve efficiency, marketing came under scrutiny — but the retailer isn't slashing ad spending. It does plan to shift its spending, significantly increasing TV and digital investment, while focusing on targeting moms, particularly in the 35- to 54-year-old age group.

J.C. Penney, the storied if unglamorous retailer, is in trouble. Big trouble. Fourth-quarter earnings came out last Wednesday and they were terrible. The bad news starts with a quarterly loss of $427 million, but it doesn't end there. Comparable store sales — i.e., stores that were open this past quarter and also open in the same quarter of the previous year — fell by a mind-boggling 32 percent. Henry Blodget says it may have been the worst quarter posted by any retailer ever.