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Consumer Affairs & Relations

  • Dress Barn to open at Rockland Plaza

    Nanuet, N.Y. -- Brixmor Property Group said that Dress Barn will open a 7,572-sq.-ft. store at Rockland Plaza, located in Nanuet, N.Y.

    Brixmor, based in New York City, is the owner of Rockland Plaza.

  • Dollar General Q3 income up 21.3%; to open 635 stores in fiscal 2013

    Goodlettsville, Tenn. -- Dollar General Corp. on Tuesday posted a bigger-than-expected increase in quarterly profit and total sales in line with Wall Street expectations. But the chain said it remained cautious about the rest of the year, amid heightened pricing competition and

    Dollar General said it plans to open approximately 635 stores in fiscal 2013, including some 20 Dollar General Market stores and 40 Dollar General Plus stores. The company also plans to remodel or relocate a total of approximately 550 stores.

  • Deloitte and Decernis form strategic alliance

    NEW YORK — In an era of increasingly complex global supply chains and product safety concerns, Deloitte and Decernis have formed a strategic alliance to provide compliance solutions to consumer product, food service, retail and distribution companies.

    The alliance combines Deloitte's food safety, quality and supply chain experience and the software platform and content provided by Decernis for tracking and alerting consumer businesses about compliance issues.

  • CVS increases size of tender offer

    Woonsocket, R.I. -- CVS Caremark has upped the size of its previously announced tender offers to refinance a portion of its debt. The company announced that it will buy back up to $1.33 billion in notes, up from the previously announced $1 billion.

    "Through this transaction as well as our recent debt issuance, we are taking advantage of the current favorable interest rate environment. This debt refinancing will enhance our long-term debt structure and decrease our interest expense going forward,” stated Dave Denton, EVP and CFO of CVS Caremark.

  • Licensor keeps Heelys rolling

    DALLAS and LOS ANGELES — Sequential Brands Group, a company that owns, markets and licenses a portfolio of consumer brands, including DVS Action Sports, will acquire Heelys, a maker of sports-inspired products targeted to the youth market.

  • Macy’s board OKs share repurchase

    Cincinnati -- Macy's Inc. on Friday said that its board has increased its share repurchase authorization by $1.5 billion.

    The retailer said the increase brings the total approved to buy back shares to $1.86 billion.

    Macy's CEO Terry Lundgren said that the company is committed to using its excess cash to enhance shareholder value through buybacks and dividends and the decision reflects the strength of the company's business.

  • The problem that won’t go away

    Walmart is occupying the familiar role of corporate villain again this week as new details emerge regarding a fire that killed 112 people at a Bangladesh apparel factory used by one of the retailer’s suppliers.

  • Leonard Green’s retail investments include Jo-Ann Stores Inc. and J. Crew Group

    India -- The Indian government on Friday won a non-binding vote in the upper house of parliament on its new policy to allow foreign supermarkets to enter the country's vast retail market, which is put at approximately $450 billion.

    The government had already won a vote on retail reform in the lower house two days earlier.

     

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