Top Stories

• BBB to stake omnichannel claim

  Union, N.J. - Bed Bath & Beyond - the top retailer for showrooming - is fighting back, building a beefed up omnichannel operation, developing new web sites and working to improve mobile sites and apps.
   

• Wintry weather chills Target's Q1 results, but home has bright spots

  Minneapolis - Described as "choppy and challenging," Target's first quarter disappointed, as net earnings were dealt a harsh blow and sales and comps could not stand up against year-ago comparisons.
   

• Sears Canada sees red ink in Q1

  Toronto - Despite improvements in the bed, bath, apparel and accessories categories, sales at Sears Canada declined during the first quarter and the retailer swung to a net loss.
   

• Lowe's toughs it out

  Mooresville, NC - Despite delayed spring selling in parts of the country, Lowe's net earnings ticked up 2.5% to $540 million, or 49 cents per share in the first quarter.
   

• Koh's creates new position: chief customer officer

  Menomonee Falls, Wis. - Kohl's has hired long-time Starbucks exec Michelle Gass for the newly created position of chief customer officer, effective June 17.
   

• Showtime plans roster of events

  High Point, NC - The 47th Showtime market, which takes place here from June 2-5, will include a variety social and educational events.
   

• Cotton price 84 cents

  New York - Yesterday's end of day price on Cotton #2 futures was July contracts was 84 cents. The price on September contracts was 84 cents.

   

   

• HomeGoods a standout in TJX's Q1

  Framingham, Mass. - Working against the toughest comparisons is will face in the new fiscal year, TJX Companies generated a strong first quarter performance that was largely ignited by the home segment.
   
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