Consumer Affairs & Relations

Former Haggar executive Paul Buxbaum was named CEO of apparel manufacturer Hampshire Group.

Buxbaum, 57, replaces Heath Golden who resigned as president and CEO and also plans to vacate his position as a board member.

"Heath Golden has overseen Hampshire through a difficult period in its history and led a transformation of our business, resulting in a company with prospects of growth and profitability," said board chairman Peter Woodward.

The New Hampshire Motor Speedway will be home to the Sylvania 300 NASCAR race for five more years following the renewal of a sponsorship agreement.

North American lighting leader Osram Sylvania said it extended its title sponsorship of the race through 2017 with the operator of New Hampshire’s largest sports and entertainment facility. Osram Sylvania has sponsored the race for the past 10 years.

LANDOVER, Md. — A supermarket chain in the Washington area is marking Inauguration Day by donating lunches to the police officers assigned to guard it.

Ahold banner Giant Food of Landover, Md. — also known as Giant-Landover to distinguish it from fellow Ahold banner Giant Food Stores of Carlisle, Pa. — said it would donate boxed lunches and water to the 5,000 officers of the Washington Metropolitan Police Department, U.S. Park Police and National Park Service.

SCOTTSDALE, Ariz. — The retired head of Midwestern supermarket chain Hy-Vee took home the top honor at a recent supermarket industry conference.

The Food Marketing Institute said Monday that it gave its most prestigious honor — the Sidney R. Rabb Award for excellence in serving the consumer, the community and the industry — to retired Hy-Vee chairman and CEO Ric Jurgens at the FMI Midwinter Executive Conference.

Delhi, India -- A Monday report by Bloomberg said that Ikea has received the go-ahead from the Indian government to open outlets in the country, making it perhaps the first major foreign retailer to set up its own stores in the region.

The Swedish furniture retailer was cleared by the Foreign Investment Promotion Board, according to a statement by Commerce Minister Anand Sharma. The approval is a turnaround for the Indian government which last year barred Ikea from operating cafes and limited retail wares it could sell in stores.

TTi Floor care, manufacturing of Hoover and Dirt Devil floor care products, is investing in American innovation.

The Glenwillow, Ohio-based company said it would hire more than 200 new electrical engineers, mechanical engineers, technicians and industrial designers nationwide over the next three years. The increased investment in engineering, innovation and design is part of the company’s strategy to stay at the forefront of its industry.

New York -- Family Dollar on Friday increased its annual dividend by 24%. The annual payout now totals $1.04 following a decision by the retailer’s board to elevate the quarterly dividend to 26 cents a share from 21 cents a share.

In addition, the board authorized the repurchase of an additional $300 million in stock under an existing program that had only $94 million in authorization remaining.

Family Dollar’s annual dividend now exceeds a dollar following a 24% increase on Friday.

The annual payout now totals $1.04 following a decision by the Family Dollar board to elevate the quarterly dividend to 26 cents a share from 21 cents a share. In addition, the board authorized the repurchase of an additional $300 million in stock under an existing program that had only $94 million in authorization remaining.