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Consumer Affairs & Relations

  • Men’s Wearhouse investor still pushing for deal with Jos. A. Bank

    New York -- Eminence Capital which owns 9.8% of the common stock of The Men's Wearhouse and is its single largest shareholder, on Wednesday released a presentation describing why Men’s Wearhouse board of directors should engage in merger discussions with Jos. A. Bank Clothiers, Inc. Eminence Capital also said that it has retained Moelis & Company as a strategic advisor.

  • Verizon identifies key enterprise tech trends for 2014

    New York -- Enterprise users will gain unprecedented control over their technology environment in 2014. This is the overarching theme of the key enterprise technology trends Verizon has identified for 2014.

    In brief review, the trends include:

    The Customer of One Comes of Age

  • Bangladesh sets minimum standards for factory safety

    Washington, D.C. - Earlier this month in Dhaka, Bangladesh, the International Labor Organization (ILO), technical experts from the Alliance for Bangladesh Worker Safety, the Accord on Fire and Building Safety, and the Bangladesh University of Engineering and Technology (BUET) came to agreement on a common, minimum criterion for fire and structural inspection safety standards, pending a few final modifications.

  • FTI Consulting forecasts 4.9% increase in holiday sales

    West Palm Beach, Fla. -- FTI Consulting predicts a 4.9% increase in sales this holiday season in its 2013 Holiday Retail Report. Despite slowing discretionary spending growth in recent months and anxiety over political turmoil in Washington, FTI retail and consumer products industry professionals anticipate a potential silver lining to this holiday season.

  • Kroger announces succession plan for secretary, general counsel

    Cincinnati -- The Kroger Co. announced its succession plan for secretary and general counsel.

    Paul W. Heldman, 62, a 31-year Kroger veteran who has been serving as the company's general counsel since 1989, secretary since 1992, and executive VP since 2006, will retire in the spring of 2014.

  • Report: Wal-Mart illegally punished strikers

    Bentonville, Ark. -- The National Labor Relations Board has reportedly determined that Wal-Mart acted illegally when it disciplined and fired employees who had been involved in strikes and other labor protest activities. According to the New York Times, the board investigated actions taken last year against about 100 Wal-Mart employees in stores across 12 states including California, Colorado, Texas and Massachusetts.

  • RadioShack changes fiscal calendar, board member retires

    Fort Worth, Texas -- At the conclusion of the current fiscal year on December 31, RadioShack will align its fiscal year-end to a traditional 52-week retail calendar with the fiscal year ending on the Saturday closest to January 31st. RadioShack says this is the format used by the majority of retailers today.

  • Home Depot looks ‘solid’ in third quarter

    Home Depot reaped the benefits of continuing improvement in the housing market with third quarter sales of $19.5 billion, a 7.4% increase from $18.1 billion in the third quarter of fiscal 2012.

    On a like-for-like basis (last year's quarter had an extra calendar week), comparable-store sales for the third quarter of fiscal 2013 were positive 7.4%, and comp sales for U.S. stores were positive 8.2%.

  • Unilever to part with three of its brands

    Unilever wants to sell its Soft & Beautiful, TCB and Pro-Line Comb-Thru brands to Strength of Nature. The sale excludes TCB’s business in Africa.

    Terms of the deal were not disclosed and it is expected to close in early December.

  • Dr. Pepper Snapple Group expands partnership with Bai Brands

    Dr. Pepper Snapple Group plans to distribute a growing line of all-natural, antioxidant-infused beverages.

    Bai Brands, which makes the Bai 5 line, said the two companies have been working together for the last two years in select markets around the country and will now expand their partnership in most major markets.

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