Retail Roundup—JCPenney adds toys; Nordstrom's site crashes

JCPenney store
JCPenney will add toy departments to try to lift sales.

Tiffany names new CEO

Tiffany has named Alessandro Bogliolo as the new CEO and board member starting Oct. 2. Bogliolo is a veteran in the luxury industry and has served as CEO of global apparel company Diesel SpA. (Forbes)

Whole Foods shareholder attempts to block Amazon takeover 

A Whole Foods Market shareholder has filed a lawsuit to block Amazon’s proposed $13.7 billion takeover, saying that the deal undervalues the organic market and that it is being made without sufficient transparency. Robert Riegel filed the lawsuit in U.S. District Court saying that Whole Foods’ proxy statement filed on July 7 was misleading. (Austin American-Statesmen)

Nordstrom website crashed during sale

Nordstrom faced website glitches during its anniversary sale on Thursday. In some cases, consumers saw empty checkout carts; in recognition of the inconvenience, the chain is issuing Nordstrom credit and debit cardholders 10 points per dollar spent on anniversary sale purchases. (The Seattle Times)

JCPenney to add toy departments

JCPenney will add toy departments to 850 stores to try and build excitement similar to when it used to put out an annual paper catalog for the holiday shopping season. (The Dallas Morning News)

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