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Consumer Affairs & Relations

  • 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.

  • 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.

  • 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.

  • 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.

     

  • Customers flock to Home Depot in 2Q


    A 6.4% second quarter same store sales increase at U.S. stores enabled Home Depot to handily exceed analysts’ profit estimates and prompted the company to increase its full year outlook.

  • Mars names new exec to yummy position

    Mars has appointed Jean-Christophe Flatin as president of global chocolate, effective Oct. 1. Flatin, who is currently global president of Royal Canin, a unit of Mars Petcare, replaces Grant F. Reid, who recently moved into the role of office of the president for Mars.

  • Group launches campaign to ban open carry of guns in Kroger stores

    Indianapolis -- Moms Demand Action for Gun Sense in America launched a national campaign on Monday calling on Kroger Co. to prohibit the open carry of guns in its supermarkets. The gun control advocacy group was founded in response to the Sandy Hook school shooting and has partnered with billionaires Michael Bloomberg and Warren Buffett.

    The Moms Demand Action campaign, which includes a petition to Kroger, follows similar actions aimed at Target, Chipotle, Sonic, Chii’s and Jack in the Box.

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