Consumer Affairs & Relations

Dollar Tree has appointed former Tractor Supply executive Randy Guiler as VP of investor relations. Guiler succeeds Timothy Reid, who is retiring.

Chesapeake, Va. - Randy Guiler has joined Dollar Tree Inc. as VP, investor relations. Guiler, 49, is joining Dollar Tree after nearly 15 years with Tractor Supply Company, including leading Tractor Supply’s investor relations efforts for the past 10 years.

Prior to his role as VP, investor relations & corporate communications, Guiler also had responsibility for Tractor Supply’s treasury and risk management functions. Guiler will succeed Timothy Reid, 61, who is retiring.

If Amazon makes good on its guidance for the second quarter, sales during the period ended June 30 rose somewhere between 15% and 26% to range from $18.1 billion to $19.8 billion.

Leading footwear manufacturer and retailer Wolverine World Wide plans to close 140 stores in the next 18 months as part of a strategic realignment plan focused on strengthening omnichannel capabilities.

Most of the stores to be closed operate under the company’s Stride Rite banner. Sixty of the units will close by year end with the remainder to close next year, the company said. The disclosure was made in conjunction with the release of solid financial results for the company’s second quarter ended July 14.

General Mills has inaugurated its first innovation, technology and quality center in China — part of its efforts to drive greater innovation and investment in one of its largest growth markets.  

Bentonville, Ark. – Comedian Tracy Morgan has filed a lawsuit against Wal-Mart Stores claiming the company was negligent in a June 2014 automobile accident involving one of its truck drivers on the New Jersey Turnpike. On June 7, Wal-Mart truck driver Kevin Roper, 35, allegedly swerved to miss an auto on the New Jersey Turnpike and instead struck a limousine bus carrying Morgan and several associates.

New Albany, Ohio - Abercrombie & Fitch Co. has initiated a process to refinance $500 million in existing credit facilities to two new facilities worth a total of $750 million. Proceeds are expected to be used to pay off a remaining $131.5 million balance and outstanding borrowings of $60 million related to existing credit facilities, and to pay related fees and expenses associated with the transaction.  

Union, N.J. - Bed Bath & Beyond Inc. intends to offer, subject to market and other conditions, senior unsecured notes due 2024, senior unsecured notes due 2034 and senior unsecured notes due 2044 under a shelf registration on file with the Securities and Exchange Commission. Bed Bath & Beyond intends to use the proceeds from this offering for share repurchases of its common stock and for general corporate purposes.

J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Wells Fargo Securities LLC are acting as joint book-running managers.