Consumer Affairs & Relations

Mooresville, N.C. -- Lowe's Cos. said Thursday that executive VP and chief information officer Steven Stone is leaving the company in order to pursue other interests.

Lowe’s said it has named current executive VP store operations and Lowes.com Michael Brown as Stone’s successor.

Brown will report to chairman and CEO Robert Niblock.

A new poll regarding Walmart's possible entry in New York yielded quite different responses than the one the world's largest retailer featured on its promotional website. According to the New York Daily News, a survey of 300 small retail shop owners throughout the city overwhelmingly said they would not welcome a Walmart in their neighborhood.

Dublin, Ohio -- Wendy's/Arby's Group said Thursday it plans to sell off its struggling Arby's quick-serve chain to focus on the Wendy's hamburger business.

The two fast-food chains were combined when Triarc Cos., Arby's parent, bought Wendy's for $2.2 billion in 2008 to create the third-largest publicly held fast-food chain.

Arby's generated about 30% of the company's sales in its third quarter.

At least one analyst feels the sale could bring in $400 million to $600 million.

WASHINGTON -- Walmart joined First Lady Michelle Obama in Washington today to unveil a comprehensive effort to provide its customers with healthier and more affordable food choices. 

The program will involve five key elements:

Woonsocket, R.I. -- CVS Caremark Corp. said Tuesday it is resuming its search for a new president of its pharmacy operations in view of Wal-Mart Stores’ lawsuit to block its previous choice.

EL SEGUNDO, Calif.  -- Fresh & Easy Neighborhood Market announced that it has debuted the winning design from its first-ever Design-A-Bag contest in its stores this week. The new reusable bag retails for only 79 cents and has already been a big hit with customers with thousands already sold. The bag's creative design was hand-drawn by Los Angeles resident Josephine Close, who received a year's worth of free groceries for winning the contest.

Between announcing its first international acquisition and disclosing details of its U.S. expansion program, the Target board found time to squeeze in authorization of a quarterly dividend payment. The company’s dividend is currently 25 cents a share and is payable on March 10 to shareholders of record on Feb. 16. The first quarter dividend will be the company’s 174th consecutive dividend paid since October 1967 when the company became publicly held.

New York City -- A Tuesday report by Bloomberg said that J. Crew Group is close to settling a shareholder lawsuit over its proposed $3 billion takeover by private-equity firms TPG Capital and Leonard Green & Partners LP.

Citing two unnamed sources, the report said that as part of the settlement, J. Crew would extend the period to solicit competing offers until Feb. 15 and add provisions that make it easier to accept a rival bid.