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According to a filing by Best Buy, former CEO Brian Dunn may receive $3.3 million or zero in termination payments following his highly publicized resignation. The payout is dependent on whether Dunn is determined to have left voluntarily on April 9. In the filing, Best Buy said it's reviewing Dunn’s compensation pending its investigation into his personal conduct. The company also said it will make the results of the probe publicly available and will disclose the final terms of his departure once resolution is reached. Dunn is accused of using company resources to conduct an improper relationship with a female employee.

Target plans to open its first stand-alone athletic sportswear brick-and-mortar store under the C9 Active Apparel name. The 3,000 square-foot store will open in San Francisco and sell Target's exclusive C9 by Champion collection.

LITTLE ROCK, Ark. — Dillard’s net income for the quarter ended April 28 rose to $95 million, from $76.7 million in the year-ago period, setting a company record for profit increases. Sales rose to $1.55 billion, from $1.47 billion. Same-store sales climbed 5%, the department store retailer’s seventh consecutive quarter of comp increases. Dillard’s said it saw its greatest strength in the first quarter from the central region of the United States, followed by the eastern and the western regions. Dillard's CEO, WilliamDillard, II, stated, "We are happy to report a very strong start to 2012 with our seventh

The bankrupt Betsey Johnson LLC retail chain will close most of its 69 stores, which include two in Hawaii, following a going-out-of-business sale that starts on Friday. The Wall Street Journal reports a bankruptcy judge gave approval on Thursday for the company to start liquidating its inventory at the stores, which include one at Ala Moana Center in Honolulu and one at The Shops at Wailea on Maui. The Journal reports that Steven Madden Ltd. (Nasdaq: SHOO), which owns the Betsey Johnson license,...

Bed Bath & Beyond announced plans to acquire home goods retailer Cost Plus for $495 million. The all-cash deal will close in the second quarter and Cost Plus will continue to operate as a subsidiary. The two home goods chains have worked together for two years, with Bed Bath & Beyond testing Cost Plus-style specialty food departments in several of its stores. That trend will accelerate after the acquisition. 

About 200 people who want companies to make it easier for people with minor criminal records to get jobs protested at the Minneapolis headquarters of Target Corp. on Wednesday. The protesters were with TakeAction Minnesota. They marched into Target's headquarters urging the retailer to lead the way on changing how companies screen prospective employees. 

Diapers.com, the one-stop shop for baby essentials, announced the launch of its new Clothing & Shoe Shop at Diapers.com. With more than 30,000 clothing and shoe items, 100-plus brands and sizes ranging from newborn to 5, the shop makes it easy for parents to find everything they need to keep up with their baby's growth. The Clothing & Shoe Shop at Diapers.com offers a wide selection of styles from familiar favorites such as Carter's, OshKosh, Robeez and Crocs, as well as specialty boutique brands like Tea Collection, Splendid, Zutano and Pink Chicken.

The Cato Corporation, a specialty retailer of fashion apparel and accessories, has reported that same-store sales for the four weeks ended April 28, 2012 decreased 6% when compared to the four weeks ended April 30, 2011. Sales for the four weeks ended April 28, 2012 were $84.9 million, a 3% decrease, compared to $87.3 million, for the four weeks ended April 30, 2011. Same-store sales for the first quarter ended April 28, 2012 decreased 2%. Sales for the first quarter ended April 28, 2012 were $272.8 million, a 1% increase, compared to $270.9 million, for the first quarter ended

Macy's reported a significant increase in sales for the first quarter, thanks to a strong performance in its online business. The company reported that total sales for the quarter increased 4.3 percent to $6.1 billion. Online sales for the quarter increased 33.7 percent and contributed 1.5 percentage points to the company's same-store sales increase of 4.4 percent for the period. Macy's reported an earnings increase of 43 percent to 43 cents per diluted share, compared with 30 cents per diluted share in the same period last year. 

Online U.S. retail spending reached $44.3 billion in the first quarter of 2012, up 17 percent vs. a year ago, according to comScore’s Q1 2012 Retail survey. It was the 10th consecutive quarter of positive year-over-year growth and sixth consecutive quarter of double-digit growth. In other findings, 38 percent of tablet owners have made a purchase on their device within the past month. Apparel was the most popular category for purchase among tablet shoppers.