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HOFFMAN ESTATES, Ill. — Sears Holdings Corp. revealed in a Monday filing with the Securities and Exchange Commission that the previously announced spinoff of its Sears’s Outlet and Sears’s Hometown and Hardware stores will now combine the two chains into one separate company. The move, part of Sears’ initiative to cut expense and regain profits, will result in the newly named Sears Hometown and Outlet Stores Inc. and a public offering that is expected to raise $400 to $500 million for Sears. The new company will consist of about 1,240 smaller-format stores, including 944 Hometown locations and 96 Sears

(GLOBE NEWSWIRE) -- JoS. A. Bank Clothiers, Inc. is pleased to announce that Frank J. Barbarino has been promoted to Senior Vice President and General Merchandise Manager. Mr. Barbarino will continue to lead the Company's Tailored Clothing Department and adds Sportswear and Furnishings to his responsibilities. Mr. Barbarino will oversee all product design, manufacturing and sourcing; and all retailing of the Company's merchandise lines. Mr. Barbarino assumed his new roles effective April 15, 2012. Mr. Barbarino, 47, is one of the most respected merchandising executives in the tailored clothing industry. Mr. Barbarino joined JoS. A. Bank in 1999 and

Price trumps sales and special deals, customer service, and convenience as a factor in deciding where to shop for the majority of U.S. consumers, according to The NPD Group, a leading market research company.

Private equity firm The Gores Group may hit the brakes on its $15 a share buyout of Pep Boys, the nation's leading automotive aftermarket service and retail chain. In a regulatory filing released yesterday, Gores Group raised questions as to whether the "serious deterioration in Pep Boys business" since the company announced a late January buyout could precipitate a material adverse event, which would allow the buyer to cancel the deal. The notice sent Pep Boys’ shares sharply lower — down close to 25 percent — and at under $12, below the pre-buyout share price.  

In September 2011, an eBay seller filed a class-action lawsuit claiming eBay failed to give notice to sellers of the "Good Til Cancelled" (GTC) insertion fees. The case revolves around how eBay informed sellers of the GTC fees. 

Columbia Sportswear sold and distributed mislabeled pesticide-treated clothing in violation of federal pesticide rules, according to a settlement with the U.S. Environmental Protection Agency. The EPA found that the clothing labels lacked the required EPA pesticide registration number, a proper ingredient statement, a proper storage and disposal statement, and were missing the statement "It is a violation of Federal Law to use this product in a manner inconsistent with its labeling." The EPA immediately issued a Stop Sale Order on the products until they could be properly labeled. Columbia Sportswear will pay a fine of $22,880.

Grainger CEO Jim Ryan introduced a new mobile website to make online ordering from the company's catalog of 900,000 products even easier and faster. The mobile platform allows consumers to access all of the features of the website via Android, iPhone or BlackBerry mobile device.

TJ Maxx is getting an early start for the opening of its new Hawaii store on Thursday. The 35,000-square-foot store at the Ward Village Shops — the first TJ Maxx store in Hawaii in 16 years — will open at 8 a.m., following a 7 a,m. blessing ceremony. It’s the first of three stores TJ Maxx, a division of Massachusetts-based TJX Cos. (NYSE TJX), plans to open on Oahu next month. The company will open its second TJ Maxx store on May 10 in a newly constructed 25,000-square-foot pad site at the...