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/PRNewswire/ -- Wal-Mart Stores, Inc. (NYSE: WMT) today announced that its board of directors has appointed Timothy P. Flynn, retired chairman of KPMG International, as a new member of the company's board, effective immediately. Flynn became the seventeenth member of the board and will also serve as a member of the company's audit committee. (Logo: http://photos.prnewswire.com/prnh/20090914/WALMARTLOGO) "Throughout his career, Tim has demonstrated a level of professionalism and personal integrity that is synonymous with our values at Walmart," said Walmart Chairman Rob Walton. "He's a talented leader whose global insights, strategic vision and expertise in business strategy and governance will

Retailer to become largest user of solar power in state, generating more than 10MW A step toward company’s goal of 100% renewable energy BOSTON, Mass., May 15, 2012 – Walmart announced today that it will install solar panels to generate electricity at 27 of its stores in Massachusetts by 2014, becoming the largest user of solar power in the state and generating more than 10 megawatts of power – enough energy for more than 1,344 homes. “Solar power makes sense for Walmart, and it makes sense for Massachusetts,” said David Ozment, Walmart director of energy. “Walmart’s solar installation commitment

El Paso, Texas -- Best Buy Co. has signed a lease to open a 37,740-sq.-ft. store at The Fountains at Farah, a new power-lifestyle shopping center located in El Paso, Texas. The shopping center, a Centergy Retail project, is under construction and planned to open in 600,000 sq. ft. in fall 2

July 31 (Bloomberg) -- Mickey Drexler, chief executive officer of J.Crew Group Inc., the closely-held apparel retailer whose customers include U.S. First Lady Michelle Obama, talks about the company's business outlook and plans for expansion into Asia. Founded in 1983, J. Crew has more than 200 stores in the U.S. and Canada. Drexler speaks in Hong Kong with Susan Li and Angie Lau on Bloomberg Television's "First Up." (Source: Bloomberg) Next Prev More to watch Abandoned Olympic Cathedrals Sit Rotting in Beijing Apple Fans Await Newest Model of iPhone A $350K Bullet-Proof Room For the Rich and Anxious India's

Coach Inc.'s (COH) fiscal fourth-quarter earnings rose 24% as the maker of high-end leather-goods topped sales expectations and improved its margins. But shares were trading 8.8% lower at $55.25 premarket as Coach described fiscal 2013 as "an investment year" in which it will accelerate the acquisition of domestic-retail operations in key Asian markets, including those in Malaysia and Korea. The stock has fallen 6.2% so far this year through Monday's close. "Our goals remain unchanged," said Chairman and Chief Executive Lew Frankfort. "We're committed to achieving double-digit top- and bottom-line growth over our planning horizon. We have a business

New York -- Coach Inc. reported Tuesday that net income for the quarter ended June 30 rose 24% to $251.4 million, from $202.5 million in the same period last year, topping Wall Street projections. The company’s revenue in the quarter rose 12% to $1.16 billion, below analysts’ expectations of $1.2 billion. Slowing growth at the company’s factory-outlet stores impacted sales. Coach reinstated coupons at its factory stores late in the quarter amid increasing discounting among retailers. Same-store sales at North American stores edged up 1.7%. Coach's full-year earnings climbed to $1.04 billion from $880.8 million in the previous year.

Shares of J.C. Penney were moving higher Tuesday after the retailer gave CNBC a tour of its new prototype store. Investors have expressed concern about the retailer since February when it said it would overhaul its pricing under new CEO Ron Johnson. The idea was to move customers away from the coupons and promotions that they've come to expect and simplify J.C. Penney's pricing structure. But Wall Street hasn't backed the idea yet, and investors have sent shares of J.C. Penney down almost 50 percent since February.

Sports and fitness retailer has launched a video-rich interactive catalog application designed to make researching and purchasing football gear easier for customers. The 2012 Football catalog app for the iPad features interactive photos of gear to highlight product attributes for customers while in-app videos help the retailer showcase products in context. Each page includes a “Buy Now” button, which opens the Web site and enables users to purchase equipment without leaving the app. “Customers are increasingly flocking to the iPad and we want to be out in front in understanding how this will influence and shape behavior,” said �

Roswell, Ga. -- PGA Tour Superstore announced plans to open a location in Paramus, N.J. The store, scheduled to open later this year, is PGA Tour’s 15th location. The PGA superstores are owned and operated by Golf & Tennis Pro Shop, whose controlling owner and chairman is Arthur M. Blank, retired Home Depot co-founder and owner of the Atlanta Falcons. PGA Tour Superstore provides an array of goods and services, including personalized golf lessons; seminars conducted by certified golf professionals using state-of-the-art teaching technologies; golf club and ball fittings; club repair and re-gripping; and tennis racquet restringing. The store

Ecommerce heavyweights Amazon and eBay have joined with other prominent tech firms to form a new advocacy group to press their policy agenda before policymakers and members of Congress. Named simply the Internet Association, the group bills itself as "the nation's first trade association representing the interests of the Internet economy and America's leading Internet companies." In addition to Amazon and eBay, the Internet Association also counts Google and Facebook as inaugural members, according to a source familiar with the organization. The group is planning a formal launch in September, when lawmakers return to Washington after their August recess.