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Deerfield, Ill. — Walgreens on Friday promoted Joseph Magnacca to EVP from SVP, effective immediately. Magnacca also retains his title as president of daily living products and solutions. “Joe plays a critical role in our strategy to step out of the...

New York -- Sears Canada is letting go of 700 workers as part of a plan to "right-size" the operation. The lay-offs will include 360 department store associates and about 300 distribution center workers, as well as some head office personnel. Sears...

Last week, Swedish furniture retailer IKEA posted record revenues of $36 billion in 2012 and an 8 percent increase in net profit. The US market was a primary growth driver, with $4.1 billion in total sales. Since opening its first American store in 1985, the low-cost furniture seller now counts 38 stores and has become the second biggest home furnishing company in the US, behind Ashley Furniture. Mike Ward, president of the US division, believes it's just the beginning. "We're still very small," he says. "We have huge potential to grow our business here."

New York -- Australian import Lorna Jane will open the largest store in its U.S. portfolio, a 3,000-sq.-ft. unit in San Francisco, in February. The retailer, which specializes in fashionable yoga clothing, opened 10 stores in Southern California in...

Mooresville, N.C. -- Lowe’s Cos. has named Stephen Szilagyi to the post of supply chain executive, reporting to Rick Damron, COO. In his new role, Szilagyi will oversee Lowe’s logistics and distribution network that expedites the replenishment of...

Recently, we learned that Amazon gives special treatment to its own merchants. The site expunges reviews that criticize Amazon's own shipping, fulfillment, and packaging. The practice flies in the face of all the best practices for hosting website consumer reviews — and isn't that risky? The reality is that because of its size, market dominance, and generally sterling customer service reputation, Amazon might be able to get away with this conduct. Smaller companies, however, shouldn't try to do the same.

New York -- Labor groups that have long spoken out against Wal-Mart Stores will stop much of their picketing against the world's largest retailer, though they still plan to continue to push the company to improve working conditions. The United Food and...

New York -- The Container Store is expanding its presence in Florida with three new locations set to open in 2013. The company will open a store in Tampa, Fla., on March 16. The retailer said the Tampa location is its most requested city for a new...

SHARE: Email Print LinkedIn Facebook Twitter Fashion retailer H&M and conservation organization WWF have entered into a three-year global partnership and developed what they call a game changing water strategy, which takes the retailers entire supply...

If you noticed a brief slowdown in sales on Amazon today, it could be due to an outage that caused its homepage to go down for close to an hour on Thursday. Amazon told ComputerWorld only the gateway page of Amazon.com was "offline to some customers for...