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RadioShack names head of human resources
July 16, 2012

FORT WORTH, Texas โ€” RadioShack has named Telvin Jeffries as EVP and chief human resources officer and general manager of retail services, effective Aug. 1. Jeffries will report to Jim Gooch, president and CEO of RadioShack Corp. As the company's human resources leader, Jeffries's responsibilities will include overall direction of RadioShack's strategies and policies for human capital management. In addition, he will serve as the general manager of RadioShack's retail services unit, which includes the company's kiosk business that primarily comprises the Target Mobile centers. "It's a privilege to welcome Telvin to our senior leadership team," Gooch said. "Telvin

Visa, MasterCard to Pay $6 Billion to Settle Retailersโ€™ Lawsuit
July 16, 2012

Visa and MasterCard agreed to pay retailers $6 billion to settle a price-fixing lawsuit that alleged they overcharged companies billions of dollars in credit card transaction fees. The agreement is believed to be the largest settlement ever of a private antitrust case, according to lawyers for 7 million American merchants who sued the card companies in 2005. The total value of the agreement is $7.25 billion, counting a temporary reduction in card fees.

An Amazon smartphone? Why the rumors may be true
July 16, 2012

No one could ever accuse Jeff Bezos of a lack of vision. Amazon?s CEO, seeing daylight in the area of online book sales, built up a huge catalog and the distribution system that plugged into it. Then he turned Amazon from bookseller to online purveyor of everything from computer peripherals to motorcycle parts. He took ebooks from obscure market niche to major player in publishing with the Kindle and challenged the iPad with his own Kindle Fire. He?s even in outer space, developing an orbital spacecraft with NASA backing for his company Blue Origin.Rumors have flown before about Amazon

Macy's Wins Temporary Block Against Martha Stewart's J.C. Penney Deal
July 16, 2012

A state judge on Friday temporarily blocked plans by Martha Stewart Living Omnimedia to sell certain branded products at J.C. Penney stores. The preliminary injunction was a win for Macy's, which has sued Martha Stewart Living claiming it has exclusive rights to sell certain Martha Stewart products including soft furnishings, dinnerware and cookware.

Ace Hardware launches 'Express' store format for smaller spaces
July 16, 2012

Oakbrook, Ill. -- Ace Hardware has launched an โ€œExpressโ€ format for both current Ace retailers and other business owners seeking to integrate the Ace brand into their existing offerings. The new, more compact stores average 5,000-sq.-ft. or less, and include customized merchandising displays and stock more than 11,000 of the most popular and profitable hardware products. โ€œAt this time, there are nearly 400 successful Ace Hardware retail locations operating within less than 5,000 sq. ft., and the consistent high performance of these stores proved we had an incredible opportunity to create a specialized, smaller-format Ace retail model,โ€ said Mike

Lawsuit Claims Race Bias at Wet Seal
July 16, 2012

Three former managers at Wet Seal, a nationwide apparel retailer for young women, filed a federal race discrimination lawsuit last week, asserting that the company had a high-level policy of firing and denying pay increases and promotions to African-American employees because they didn't fit its "brand image."

Barnes & Noble bolsters finance department
July 16, 2012

NEW YORK โ€” Barnes & Noble has announced the appointment of Thomas Donohue as VP treasurer; Kanuj Malhotra as VP corporate development; and the promotion of Andy Milevoj to VP investor relations, all reporting directly to Mike Huseby, CFO. Donohue will be responsible for leadership and direction of all treasury activities including corporate finance, capital structure, cash management, financial risk management, international finance, debt management and relationships with financial institutions. He joins Barnes & Noble from The Interpublic Group of Companies, a global provider of advertising and marketing services, where he served as VP assistant treasurer, international. Donohue graduated

Perry Ellis International Taps Denise Miller as President of Rafaella Sportswear
July 16, 2012

MIAMI -- Perry Ellis International, Inc. (NASDAQ: PERY) today announced Denise Miller as President of Rafaella Sportswear effective immediately. Ms. Miller, an experienced fashion executive with an impressive background including positions with the Kellwood Corporation, and most recently with G-III Apparel where she served as President of Calvin Klein suits and suit separates, has joined the Company as part of Perry Ellis Internationalโ€™s strategic move to further strengthen Rafaellaโ€™s positioning among the leading womenโ€™s sportswear brands today. Reporting to Vice-Chairman, President, and COO of Perry Ellis International Oscar Feldenkreis, Ms. Miller will be based out of the Companyโ€™s

RadioShack (RSH) Appoints Telvin Jeffries as GM of Retail Services
July 16, 2012

RadioShack Corporation (NYSE: RSH) today announced that Telvin P. Jeffries has been named executive vice president and chief human resources officer and general manager of retail services, effective Aug. 1, 2012. Mr. Jeffries will report to Jim Gooch, president and CEO of RadioShack Corp. As the Company's human resources leader, Mr. Jeffries's responsibilities will include overall direction of RadioShack's strategies and policies for human capital management. In addition, he will serve as the general manager of RadioShack's retail services unit, which includes the Company's kiosk business that primarily comprises the Target Mobile centers. Jeffries is a 20-year veteran of

Target brings back summer 'Black Friday' sale
July 16, 2012

MINNEAPOLIS โ€” Target is once again bringing Black Friday to the summer, this year expanding the sale to two full days, July 20 to 21. Target will also hold its first-ever Summer Cyber Week sale from July 22 to 28, featuring daily deals on Target.com for must-have products such as electronics, apparel, baby gear and more. โ€œOver the past two years our Black Friday in July sales have been a big hit with our savvy guests who appreciate bargains,โ€ said Casey Carl, president multichannel at Target. โ€œThis year, weโ€™ve added something special by offering an extra day of Black