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Consumer Affairs & Relations

  • Hudson’s Bay names Shoppers Drug Mart exec as treasury VP

    Toronto - Hudson’s Bay Company has appointed John Caplice to the position of senior VP treasury and investor relations, effective Sept. 2. He most recently served as senior VP treasurer & investor relations at Shoppers Drug Mart Corp. from 2000-2014.

    While at Shoppers Drug Mart, Caplice was responsible for treasury and compliance activities, as well as developing and implementing communication strategies.

    Caplice will be based in Toronto and will report to Paul Beesley, CFO, Hudson’s Bay Company.   

  • Global Facility Management & Construction launches charity initiative

    Melville, N.Y. - Global Facility Management & Construction has named “J.A.C.K.: Join A Cause for Kids” as the first recipient of its “Global Gives Back” initiative, an annual charitable program designed to give back to the community. Sean and Lauryn Blank presented the donation to the charity’s founder in memory of his son, Jack Perlungher during Global’s recent 10-year anniversary summer event.

  • Ann Inc. under pressure to sell

    New York – Ann Inc. is being urged to explore options, including a sale, by activist investor Engine Capital and Red Alder. The two firms, who collectively own more than 1% of the outstanding shares of Ann Inc., are publicly urging the company to sell at a substantial premium above current stock price.

  • UPS confirms malware breach at 51 stores

    New York -- UPS Stores, a subsidiary of United Parcel Service, said that a security breach may have led to the theft of customer credit and debit data at 51 UPS stores in the United States.

    In a statement, the company said that customers who had used their debit or credit cards at affected locations (which are listed on the UPS site) from Jan. 20 to Aug. 11 may have been exposed to the malware. However, the company noted, exposure began after March 26 in most cases.

    The malware was eliminated as of Aug. 11, UPS said.

  • Ex-Aeropostale exec gets eight years prison sentence over kickbacks

    New York -- Christopher Finazzo, former executive VP and chief merchandising officer for Aeropostale, has been sentenced to eight years in prison after being convicted of defrauding the company and taking more than $25 million in kickbacks from a key vendor.

    Finazzo, who was found guilty in April 2013 of 14 counts of mail fraud, wire fraud and conspiracy, was also ordered to forfeit more than $25 million and pay the company $13.7 million in restitution.

  • Dollar General digs in as Family Dollar rebuffs takeover bid

    New York -- Family Dollar said it favors a smaller deal with potential buyer Dollar Tree, and firmly rejected an offer for takeover by larger competitor Dollar General.

    Following an $8.5 billion offer last week by Dollar Tree, Dollar General offered a $9 billion, all-cash deal.

  • CST Brands acquires 77-store Nice N Easy Grocery Shoppes

    San Antonio -- CST Brands announced the signing of a definitive agreement to acquire the convenience store assets, franchisor rights and associated trademarks of Nice N Easy Grocery Shoppes.

    Nice N Easy operates 77 corporate and franchise stores in Central New York. The company operations include thirty-three company operated stores along with forty-four franchise locations.

  • PREIT Enters into Agreement to Sell Non-Core Anchor Pad

    Philadelphia — Pennsylvania Real Estate Investment Trust has entered into an agreement to sell an anchor pad underlying a Bon-Ton store in Bethlehem, Pennsylvania, contiguous to Westgate Mall.

    The transaction is expected to close prior to the end of 2014.

  • Macy’s reaches accord on racial profiling allegations

    New York -- Macy's Inc. has agreed to pay $650,000 to settle allegations of racial profiling at its flagship store in Manhattan.

    Under the agreement with New York's attorney general, the company will initiate enhanced training and education for its loss prevention and sales associates.

    “We also will be adopting an expanded role for our security monitor to help ensure that we have the right policies and procedures in place, and that we are constantly reviewing our compliance with them,” the retailer said in a statement.

  • GameStop CEO treated for brain cancer

    New York -- GameStop Corp. said CEO Paul Raines had unexpected surgery last week for a small cancerous brain tumor.

    Raines, who will be undergoing chemotherapy, will restrict his travel during the expected six weeks of treatment, the company said in a regulatory filing on Tuesday.

    GameStop said the treatment period would not interfere with Raines' "continued leadership" of the company.

     

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