Consumer Business Update: Honda Recalls Civics, Sears Cuts Layaway Fees
Target Corporation (NYSE:TGT) announces that starting with its 2013 fiscal year, it will cease the reporting of monthly sales as it joins Wal-Mart Stores (NYSE:WMT) along with other top names who are now doing likewise.
Honda Motor Co. (NYSE:HMC) is recalling 820,000 Civic models and Pilot SUVs because of faulty headlights. More specifically, Civics from the 2002 and 2003 model years and Pilots from 2004 and 2005 are names under the recall.
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The ‘activist investor’ Carl Icahn resurfaces (sort of) as the food producer Ralcorp Holdings (NYSE:RAH) names his former lieutenant Keith Meister to its board. This development emerges as Icahn has been pushing for change at the firm.
Sears Holdings Corporation (NASDAQ:SHLD) intends to sharply cut its layaway fees and add delivery options in order to remain competitive during the upcoming shopping season. A new option for customers will consist of the ability to place items on layaway at store kiosks which are intended for later delivery to homes.