Content about Politics of the United States

August 21, 2014

The Cato Corporation reported that net income rose 6% to $15.7 million for the second quarter ended Aug. 2, from $14.8 million last year.

Charlotte, N.C. -- The Cato Corporation reported that net income rose 6% to $15.7 million for the second quarter ended Aug. 2, from $14.8 million last year.

Sales increased 6% to $243.8 million, from $229.4 million last year. Same-store sales increased 3%.

"Second quarter same-store sales were in line with our year-to-date trend," said John Cato, CEO. "However, we continue to expect the second half earnings per diluted share will be within our original guidance range.”

April 29, 2014

Walgreens is launching the 2014 Walgreens Way to Well Health Tour with AARP.

Deerfield Park, Ill. - Walgreens is launching the 2014 Walgreens Way to Well Health Tour with AARP. For six years, Walgreens and AARP have conducted the community outreach program dedicated to providing free preventive and early detection health services to communities across the country.

March 20, 2014

The Cato Corporation cited weather, holiday promotions and a 53rd week in fiscal 2012 as impacting its net income during the fourth quarter of fiscal 2013.

Charlotte, N.C. – The Cato Corporation cited weather, holiday promotions and a 53rd week in fiscal 2012 as impacting its net income during the fourth quarter of fiscal 2013. The retailer also said it plans to open 64 new stores and close 17 existing stores during fiscal 2014.

Net income fell 52% to $3.8 million from $7.9 million in the same period the prior year, within previously announced guidance range, while sales dropped 7% to $215.2 million from $232 million.

February 26, 2014

Cato Bakery is utilizing a new iPad POS solution from Revel Systems and Index that provides customers with personalized recommendations and service.

San Francisco – Cato Bakery is utilizing a new iPad POS solution from Revel Systems and Index that provides customers with personalized recommendations and service. Customers can pay for their purchases and redeem personalized incentives with Index mobile technology, which is integrated directly with the Revel Systems point of sale.

The partnership between Revel Systems and Index offers retailers with an integrated mobile payments, loyalty, and POS solution.

January 9, 2014

Women’s apparel retailer Cato has made its debut into the world of online shopping with the launch of its first ever e-commerce site.

Staten Island, N.Y. -- Women’s apparel retailer Cato has made its debut into the world of online shopping with the launch of its first ever e-commerce site. With the help of its implementation partner Celerant Technology, the new website will support the growth of the brand and will offer the same collections as its brick-and-mortar stores, as well as additional sizes, colors and exclusive items.

October 1, 2013

Chain Store Age will celebrate its 50th annual SPECS show with a very special opening keynote: A Conversation with President George W. Bush.

New York -- Chain Store Age will celebrate its 50th annual SPECS show with a very special opening keynote: A Conversation with President George W. Bush.

The 43rd president of the United States will give the keynote at SPECS, the industry’s premier store development and facilities event, on Monday, March 10, 2014, at the Gaylord Texan Hotel, Grapevine, Texas. The full conference will run March 9 – 12, 2014.

September 3, 2013

C. Michelle Panovich, principal and executive VP, Mid-America Asset Management will receive the Lifetime Industry Leadership Award at the 12th annual Real Estate Gala hosted by the Marshall Bennett Institute of Real Estate at Roosevelt University.

Chicago — C. Michelle Panovich, principal and executive VP, Mid-America Asset Management will receive the Lifetime Industry Leadership Award at the 12th annual Real Estate Gala hosted by the Marshall Bennett Institute of Real Estate at Roosevelt University. The event will take place on Nov. 7.

Christopher G. Kennedy, chairman of Joseph P. Kennedy Enterprises, will keynote the event, which draws more than 400 attendees annually and benefits Roosevelt’s real estate program.

May 23, 2013

Specialty women’s apparel and accessories retailer Cato Corp. reported declining sales and net income during first quarter 2013.

Charlotte, N.C. – Specialty women’s apparel and accessories retailer Cato Corp. reported declining sales and net income during first quarter 2013. Sales dropped 2% from $272.8 million to $267.2 million, while net income fell 3% from $31.7 million to $30.8 million. Same-store sales also declined compared to the same quarter a year earlier, by 5%.

March 15, 2013

The use of criminal background checks by employers is being closely watched.

Concerns that convictions among African Americans and Hispanics were causing hiring discrimination, the Equal Employment Opportunity Council has issued new guidelines regarding employer use of criminal records under Title VII of the Civil Rights Act of 1964. According to the Pew Center on the States 2010 study, while one in every 87 white men in America have been incarcerated, among Hispanics it is 1-in-36 and blacks it is 1-in-12.

February 20, 2013

Corner Bakery Café said it plans to open 18 restaurants in the Boston area, joining under-development markets in neighboring Connecticut, Rhode Island, New York, New Jersey and Pennsylvania.

Dallas -- Corner Bakery Café said Wednesday it plans to open 18 restaurants in the Boston area, joining under-development markets in neighboring Connecticut, Rhode Island, New York, New Jersey and Pennsylvania.

The bakery-café concept is targeting its growth through franchising deals with restaurant pros capable of opening multiple units. Corner Bakery has set a goal of doubling its current U.S. footprint of 147 locations by the end of 2015.

 

December 18, 2012

A report by the U.S. Equal Employment Opportunity Commission revealed that Dillard’s Inc. will pay $2 million to settle a class-action disability discrimination lawsuit.

Chicago -- A report on Tuesday by the U.S. Equal Employment Opportunity Commission revealed that Dillard’s Inc. will pay $2 million to settle a class-action disability discrimination lawsuit.  
    
The department store retailer will also have to “commit to extensive, company-wide injunctive relief,” according to the EEOC.

November 26, 2012

Mary L. Schapiro, the first woman to be permanent chairman of the U.S. Securities and Exchange Commission, announced she will step down on Dec. 14.

New York -- Mary L. Schapiro, the first woman to be permanent chairman of the U.S. Securities and Exchange Commission, announced she will step down on Dec. 14.

Schapiro was appointed head of the SEC by President Obama in 2008, one month after the Bernie Madoff scandal emerged, and she officially took office in 2009 at the peak of the financial crisis. Many experts say her four years were the toughest stretch any SEC chief has faced.

July 24, 2012

One day after releasing its CEO, teen retailer Wet Seal confirmed it is in talks with major shareholder Clinton Group regarding a potential sale of the company.

Foothill Ranch, Calif. -- One day after releasing its CEO, teen retailer Wet Seal confirmed it is in talks with major shareholder Clinton Group regarding a potential sale of the company.

Wet Seal fired chief executive Susan McGalla on Monday, citing downward spiraling sales during her 11-month tenure. Clinton Group then ramped up its insistence that Wet Seal put itself up for sale.
 

November 28, 2011

Five state leaders in India made clear over the weekend their unwillingness to let foreign retailers set up shop in the country, the Associated Press reported.

New York City -- Five state leaders in India made clear over the weekend their unwillingness to let foreign retailers set up shop in the country, the Associated Press reported.

Parliament adjourned Monday in an uproar over the issue and Communist Party-controlled trade unions have pledged to strike Thursday, the report said, and some politicians even threatened to burn down foreign stores that open under the new rules.

March 7, 2011

Guess announced Monday that it has appointed Nancy Shachtman as its president of North America, reporting to Paul Marciano, CEO and vice chairman.

Los Angeles -- Guess announced Monday that it has appointed Nancy Shachtman as its president of North America, reporting to Paul Marciano, CEO and vice chairman.

Shactman was previously president of Guess Inc. Wholesale. In her new position, she will oversee the North American retail operations for Guess and Guess by Marciano, as well as Guess Wholesale, including Mexico.

July 30, 2008

The company will close all 36 Acorn stores in 14 states. The closures will impact...

April 13, 2008

Wal-Mart, the largest seller of firearms in the country, is striking a deal with New...

December 10, 2007

Milwaukee Target Corp. agreed to pay more than $500,000 to four management applicants who claimed...