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Consumer Affairs & Relations

  • Men’s Wearhouse rejects Jos. A. Bank take-over proposal — again

    Fremont, Calif. -- Men’s Wearhouse again rejected a $2.3 billion takeover bid by Jos. A. Bank, refusing to allow it confidential access to its books. Last week, Jos. A. Bank sent a letter to Men’s Wearhouse, hinting that it might raise its proposed takeover offer above $48 a share if it was allowed to conduct due diligence.

    In a statement on Monday, Men’s Wearhouse once again reiterated its belief that its own turnaround plan would be better for shareholders.

  • Tractor Supply board chairman succession announced

    Tractor Supply Company has elected Cynthia T. Jamison to its board of directors. Jamison will succeed James F. Wright as chairman of the board upon the conclusion of Wright's term at the end of the year.

    Wright will resign his position as a board member effective December 31, 2013, consistent with his plan to serve as executive chairman of the board with a term of one year, as previously announced in September 2012.

  • Former Toys ‘R’ Us exec Stride(s) Rite

    Wolverine Worldwide has appointed Ira P. Hernowitz as president of the Stride Rite Children's Group.

    Hernowitz most recently served as EVP of "R" Us Brands for Toys “R” Us, Inc. He has served in a variety of leadership roles throughout his career, and deep experience in children's products.

  • Von Maur heads to sweet home Alabama

    Von Maur has opened its first location in Alabama, just outside of Birmingham, at Riverchase Galleria in Hoover. The 185,000-sq.-ft. store is one of the largest locations in the country.

  • More ways to pay with Green Dot at Walmart

    Bank holding company Green Dot and Walmart have expanded the line of MoneyCard branded reloadable prepaid debit cards to include six new card types.

    Prior to the latest agreement, Green Dot offered three version of prepaid debit products at 4,100 Walmart stores.

  • Publix Q3 profit edges down

    Lakeland, Fla. -- Publix reported net earnings for the third quarter fell 2.3% to $359.9 million, compared to $368.4 million in the year ago period.

    Sales for the third quarter were $7 billion, up 5.6% from last year’s $6.7 billion. Same-store sales rose 4.1%.

  • Customer visits bolster Harris Teeter same-store sales

    Grocer Harris Teeter credited its pricing and promotional strategies for driving unit sales and customer visits, which led to increased net and same-store sales for fiscal 2013.

    For fiscal 2013, sales rose 3.8% to $4.71 billion from $4.54 billion in the year-ago period. Same-store sales for the year increased 2.23%.

  • FTC approves Office Max-Office Depot deal

    Naperville, Ill. -- The U.S. Federal Trade Commission has approved the merger of Office Max Inc. and Office Depot, the retailers said in a joint statement on Friday. The companies anticipate completing the transaction after market close on November 5, 2013.  

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