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Consumer Affairs & Relations

  • REI veteran is new Bartell Drugs president

    Bartell Drugs has selected former REI executive Brian Unmacht as its new president.

    Prior to joining the 63-store pharmacy retailer, Unmacht served as REI’s EVP and CEO. He has served as a member of Bartell Drugs’ board of directors since 2011.

    Bartell Drugs’ chairman and CEO George D. Bartell said that filling the position at the family-owned company supports future succession plans as it celebrates its 125th anniversary in 2015. Bartell Drugs is the oldest and largest family-owned drug store chain in the United States.

  • Children’s Place to repurchase shares, affirms guidance

    Secaucus, N.J. – The Children’s Place Inc. has authorized a new $100 million share repurchase, with the goal of returning excess capital to shareholders. During the past five years, Children’s Place has returned more than $487 million to our shareholders through share repurchases and dividends.

  • Havertys Q4 sales grow 9%

    Atlanta - Sales for the fourth quarter of fiscal 2014 at Havertys Furniture Companies Inc. increased 9% to $213 million, compared with $196.2 million for the fourth quarter of fiscal 2013. Same-store sales increased 8.3%. 

  • Wet Seal to close 338 stores, cut 3,695 jobs

    Things are not looking up at Wet Seal, which has announced that it will close 338 stores, or about 66% of its total portfolio, “on or about” Jan. 7, resulting in the termination of some 3,695 full- and part-time employees.

    The struggling teen apparel retailer said the decision to close the stores was based on its overall financial condition and an inability to negotiate meaningful concessions from its landlords.

    The company said the 338 stores represented approximately 48% of its sales for the nine months ending on November 1, 2014.

  • Supervalu tops expectations as profit more than doubles; sales up across segments

    Minneapolis -- Supervalu Inc.’s third-quarter profit more than doubled as the supermarket chain experienced sales growth in all three of its business segments. Its results beat analysts' expectations.

    Supervalu reported an overall profit of $79 million for the quarter ended Nov. 29, up from $31 million a year earlier. Revenue rose 4.8% to $4.2 billion.

  • Online sales set another new record

    Americans’ appetite for e-commerce grew again in 2014 with holiday sales slightly exceeding an optimistic forecast by digital measurement firm comScore.

    Total desktop online sales for the entire November through December holiday season advanced 15 percent to $53.3 billion, comScore said. Cyber Monday retained its crown as the highest volume day with e-commerce spending of more than $2 billion.

  • Study: Discover Cards have best return extension plan

    Arlington, Va. – Consumers who may need some time to decide if they want to keep a purchase should consider applying for a Discover card. According to the 2015 Credit Card Extension Report from CardHub, Discover Cards received top overall score (98%) for their return extension program.

    Coming in second and third were Chase Sapphire Preferred (88%), and a tie among Chase Freedom, Barclaycard Arrival and Barclaycard Arrival Plus (79%).

  • La-Z-Boy names Pepsico exec new chief HR officer

    Monroe, Mich. - La-Z-Boy Inc. has appointed Barbara J. Runyon as chief human resources officer. She will join the company on Feb. 2 and provide leadership and oversight for talent management, employee engagement, workforce development, and compensation and benefits.

    Runyon joins La-Z-Boy from PepsiCo/The Pepsi Bottling Group, where she spent 14 years in various HR positions of increasing responsibility. Most recently, she served as senior director of HR for the company's Midwest region.
     

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