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June 6, 2012

J.C. Penney Father's Day ad featuring gay couple creates buzz

J.C. Penney has angered a conservative group with a Father's Day ad that features a gay couple and their two young children.

New York -- J.C. Penney has angered a conservative group with a Father's Day ad that features a gay couple and their two young children. The print ad shows the two men playing with their 3-year-olds and reads, "First Pals - What makes Dad so cool? He's the swim coach, tent maker, best friend, bike fixer and hug giver - all rolled into one. Or two.” It is part of a spread in Penney’s June catalog, mailed out this week.

January 6, 2012

CEO of Claire’s Stores steps down

Claire’s Stores announced that Eugene S. Kahn has resigned.

Chicago -- Claire’s Stores announced that Eugene S. Kahn has resigned. Kahn has served in the position since the company went private in 2007 in a $3.1 billion takeover by private-equity firm Apollo Management LP.

While the board will conduct a search for internal and external candidates, Claire's Stores President James G. Conroy and Jay Friedman, president of Claire's North American Division, will immediately form an interim office of the CEO.

January 5, 2012

Barnes & Noble considers spinning off Nook business

Barnes & Noble said that it is beginning “strategic exploratory work” to separate the Nook division in an effort to help the emerging business grow.

New York City -- Barnes & Noble said Thursday that it is beginning “strategic exploratory work” to separate the Nook division in an effort to help the emerging business grow.

“We see substantial value in what we’ve built with our Nook business in only two years, and we believe it’s the right time to investigate our options to unlock that value,” said William Lynch, CEO, Barnes & Noble.

October 26, 2011

Moody’s: Industry real operating income to be flat or rise only 1% in 2011

The U.S. retail industry will perform in line with sluggish U.S. GDP growth through 2012 as persistent unemployment, stock market volatility and economic gloom weigh on consumer confidence and spending, according to a new report by Moody's Investors Service.

New York City -- The U.S. retail industry will perform in line with sluggish U.S. GDP growth through 2012 as persistent unemployment, stock market volatility and economic gloom weigh on consumer confidence and spending, according to a new report by Moody's Investors Service.

September 12, 2011

DDR announces new name, tagline and brand identity

Developers Diversified Realty Corp. announced Monday that it will officially change its name to DDR Corp., and adopt its New York Stock Exchange ticker symbol and most commonly referred identity, DDR, as its official brand name.

Beachwood, Ohio -- Developers Diversified Realty Corp. announced Monday that it will officially change its name to DDR Corp., and adopt its New York Stock Exchange ticker symbol and most commonly referred identity, DDR, as its official brand name.

The company also unveiled a new logo, tagline and brand identity.

May 5, 2011

Whole Foods Q2 income up 33%, gets new stock symbol

Whole Foods Market's second-quarter net income rose 33% on strong sales, beating analyst expectations.

Austin, Texas -- Whole Foods Market's second-quarter net income rose 33% on strong sales, beating analyst expectations. The company raised its full-year earnings outlook.

Whole Foods said the overall results for the quarter were its strongest in five years. It has fully repaid its long-term debt and is considering using its growing cash balance to grow faster, raise its dividend and repurchase stock.