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Kohl's Nabs Starbucks Executive Michelle Gass as Chief Customer Officer

Kohl's Corp. (KSS) is tapping Starbucks Corp. (SBUX) executive Michelle Gass, who helped orchestrate the brand's turnaround in the U.S. a few years ago and most recently was tasked with doing the same in Europe.Kohl's said Wednesday that Ms. Gass will be named its chief customer officer, a new position for the department store.She will start June 17, overseeing all marketing efforts and Kohl's fast-growing e-commerce business, and will report directly to Chairman and CEO Kevin Mansell."I am thrilled to be joining the team at Kohl's at this pivotal time in the retail industry," Ms. Gass said. "How people shop and consume media is going through a change unlike anytime before."Ms. Gass spent more than 16 years with Starbucks, and before that, she worked in marketing and new product development with Procter & Gamble Co. (PG).Starbucks Chairman and Chief Executive Howard Schultz has credited Ms. Gass for helping to develop new products, such as the Frappuccino, and leading the rebranding of...

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  1. Lower income shoppers still feeling pinched, U.S. retailers say

    Cooler than usual weather and belt-tightening by shoppers still struggling with higher payroll taxes and stubborn unemployment dampened sales last quarter at chains ...

  2. J .C . Penney margins plunge, CEO says changes coming

    Retailer J.C. Penney Co Inc's operating margins plunged in the first quarter on weak sales and heavy clearance deals, as its new chief executive promised more promot...

  3. J .C . Penney margins, sales plunge

    Retailer J.C. Penney Co Inc's operating margins plunged in the first quarter on weak sales and heavy clearance deals.Penney, struggling with mass customer defections...

  4. J .C . Penney 1Q Loss Wider Than Expected

    J.C. Penney (NYSE:JCP) reported a wider-than-expected first-quarter loss and disappointing sales late Thursday, while its cash slumped from a year ago despite signif...

  5. J .C . Penney first-quarter sales plunge

    Retailer J.C. Penney Co Inc on Thursday posted a sharp drop in first-quarter sales, in line with its recent warning.The company, struggling with mass customer defect...

  6. J .C . Penney Reports Bigger-than-expected Loss

    J.C. Penney Co. said on Thursday that its first-quarter loss widened to $348 million, or $1.58 a share, from $163 million, or 75 cents a share. Excluding items, the ...

  7. Kohl's 1st-Quarter Profit Fell 4.5% on Weaker Sales

    Kohl's Corp.'s (KSS) fiscal first-quarter earnings fell 4.5%, hurt by slightly lower sales, but the results beat Wall Street expectations.Shares of the department-st...

  8. Kohl's 1st-Quarter Profit Fell 4.5% Amid Weaker Sales

    Kohl's Corp.'s (KSS) fiscal first-quarter earnings fell 4.5% as the department-store operator was hurt by slightly lower sales that offset the benefit of stronger ma...

  9. Soros Fund Cuts Some Big Banks

    Soros Fund Management LLC disposed of stakes in banking giants J.P. Morgan Chase & Co. (JPM) and Morgan Stanley (MS) in the first quarter, while lowering its positio...

  10. Macy's Net Jumps 20%, Boosts Dividend

    Macy's Inc.'s (M) first-quarter profit jumped 20%, coming in above Street views, as the department store operator logged stronger revenue, though margins were flat a...

  11. Macy's First-Quarter Net Up 20%, Raises Dividend and Buyback Authorization

    Macy's Inc.'s (M) first-quarter profit jumped 20%, coming in above Street views, as the department store operator logged stronger revenue, though margins were flat a...

  12. Wal-Mart Sets Its Own Bangladesh Safety Initiatives

    Wal-Mart Stores Inc. (WMT) released its own set of Bangladesh safety initiatives Tuesday after more than a dozen European retailers signed a legally binding safety p...

  1. And the Masters of the Universe say...

    By Charles SizemoreIn my, I noted that "Big Money" managers were wildly bullish on U.S. stocks—74% were bullish and only 7% were bearish.But what about those legenda...

  2. J .C . Penney To Beef Up Bangladesh Audits

    J.C. Penney Co. (JCP) plans to beef up its audits of factories in Bangladesh by requiring them for the first time to undergo structural and engineering inspections.U...

  3. Bulls Charge Wall Street; Dow, S&P Hit Fresh Records

    FOX Business: Capitalism Lives HereThe broad S&P 500 zoomed close to 2% higher in its fourth-straight weekly as Wall Street's 2013 rally continued unabated.Today's M...

  4. Stocks Jump Amid Strong Consumer Sentiment Data

    FOX Business: Capitalism Lives HereThe markets climbed on Friday as traders cheered a much stronger-than-expected report on U.S. consumer sentiment.Today's MarketsAs...

  5. Citi Says it is 'Encouraged' by Penney's Plan

    Ailing retailer J.C. Penney (NYSE:JCP) may have posted a wider-than-expected loss late Thursday and disappointing sales, but Citi (NYSE:C) raised its price target an...

  6. Stock Futures Climb; Sentiment Data on Tap

    FOX Business: Capitalism Lives HereU.S. stock-index futures climbed on Friday, potentially putting the Dow and S&P 500 in striking distance of all-time highs, as tra...

  7. J .C . Penney Loss Widens on Sharp Sales Decline

    J.C. Penney Co. (JCP) lost $348 million in its first quarter on top of nearly $1 billion in net losses last year, as sales continued to slide at the beleaguered reta...

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