Retail Roundup—Rue21 plans reorganization; Target drops prices

rue21
Rue21 plans to restructure under bankruptcy.

Rue21 plans reorganization

A bankruptcy court has approved a plan for reorganization submitted by Rue21. The teen specialty retailer plans to transform its business moving forward and continue to grow its e-commerce division. (PR Newswire)

Target to stay competitive with price cuts

Target has slashed prices on thousands of items after months of reassessing the costs of everyday items such as milk, eggs, razors and tissue. The company also eliminated more than two-thirds of its price and offer call-outs as it attempts to stay competitive against Walmart and Amazon. (Reuters)

The Fresh Market names president, CEO

The Fresh Market has appointed Larry Appel as the company's president and CEO. Appel's background includes executive roles at Winn-Dixie, Skeeter Snacks and The Home Depot. (Business Wire)

NRF offers training in retail

The National Retail Federation is partnering with Goodwill Industries to pilot a retail certification program. Students who complete the certification are also guaranteed interviews with retailers such as Under Armour, Staples, BJs, Crate & Barrel, Macy's and Target. (Baltimore Sun)

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