Finance & Capital Management

Fred’s Super Dollar has turned to an operational executive from Walgreens to take over as executive VP of store operations.

red's announced that John Foley has been appointed to the new role. Mike Holligan, who formerly served in this capacity, will move to the open position of regional VP store operations.

There will be a change at the top of lifestyle apparel retailer Tommy Bahama.

The TJX Companies announced that chairman and CEO Carol Meyrowitz will step down, effective January 31, 2016.

She will be succeeded by Ernie Herrman, 54, who will retain his current title as president of the company. Meyrowitz, 61, who has been at the helm of TJX since January 2007, will become executive chairman of the company’s board at the time of the CEO transition.

Ross Dress for Less will open two new stores in Texas on Oct. 10. A 28,000-sq.-ft. North El Paso store is located in Sunland Park Mall, and a 25,000-sq-ft. North Tarrant store is located in Presidio Crossing.

These openings are part of the retailer’s 2015 expansion program, totaling approximately 70 new locations during the year.

BrandsMart USA is giving its store in West Palm Beach, Florida, a comprehensive energy-efficient retrofit without tapping into its own capital.

The chain is the recipient of low-cost financing for the retrofit through the Florida Green Energy Works Program. BrandsMart received $2.225 million from a private investor for the project, which will include new HVAC systems, energy-efficient lighting and a new roof.

A new event for retailers and consumer package goods executives is taking shape called Shoptalk and the successful entrepreneurs behind its creation have big plans and funding to make it happen.

The “paint ‘n’ sip” phenomenon, whereby friends, neighbors, and colleagues come together to paint, drink and relax, is showing up signs of slowing down and that’s good news for a Louisiana-based company.

Painting with a Twist, which bills itself as the original and largest paint-and-sip franchise, has opened more than one new location each week this year, and is on track to reach its goal of 100 new locations in 2015.

Everyone knows fraud is costly, but it be more expensive than you think.

In addition to typical fraud costs, such as the loss of goods and chargeback fees, merchants that sell digital goods, such as MP3 files and streamed movies, each spend an average of $10.1 million every year on fraud-related costs.