Finance & Capital Management

New York -- Supermarket operator Bi-Lo Holdings LLC, parent of the Bi-Lo and Winn-Dixie chains, said that Randall Onstead will step as president and CEO, effective March 1. The company has identified a successor, who will be named at a later date.

Onstead has been with Bi-Lo, and its parent company Lone Star Holdings, since 2008 when he was named chairman of Bi-Lo, which was then a standalone supermarket company. Under his tenure, the company went though and successfully emerged from Chapter 11 protection after which it went on to flourish and expand.

New York -- For the second consecutive year, security ranks as the top spending priority of CIOs in an annual survey by PiperJaffray, with 75% of respondents expecting to increase spending in 2015, up from 50% last year.  

The results reflect Network (firewall) and endpoint security were the top two segments of the market expected to see an increase in spending.

New York -- Leonard Lieberman, former chairman and CEO of Supermarkets General, which owns Pathmark, died at his home in Hoboken, N.J., on Jan. 2, according to an obituary on NJ.com. He was 85. The cause of death was heart failure.

Leonard Lieberman, former chairman and CEO of Supermarkets General, which owns Pathmark, died at his home in Hoboken, N.J., on Jan. 2, according to an obituary on NJ.com. He was 85.

According to the obituary, his wife, Arlene, said the cause of death was heart failure.

Department stores could be in for a fresh approach from Coach, following its announcement that it will acquire upscale footwear brand Stuart Weitzman.

Coach will make initial cash payments of approximately $530 million to Sycamore Partners, and, in addition, will pay the firm up to another to $44 million in contingent payments upon hitting “selected revenue targets” over the next three years.

New York -- The specialty apparel and home goods chain C. Wonder is shuttering its remaining stores, according to Buzzfeed. The company, founded in 2011 by Christopher Burch, ex-husband of Tory Burch, quietly closed a number of its 32 stores in November. It is now closing its remaining locations, 11 in total, the report said.

It didn't take long for former Walmart de Mexico executive Scot Rank to land a new job.

Mexican dairy company Grupo Lala has appointed Rank, the former chief executive officer of Walmart de Mexico, as its new chief executive to replace retiring top boss Arquimedes Celis, the company said.

Celis, who served as CEO for 14 years, will retire on June 30 but continue as a board member at the company, one of Latin America's largest dairy producers.

Online warehouse club operator Green Polka Dot Box has a quirky name, but shoppers don’t seem to mind as the natural foods retailer’s December sales increased 65 percent.

"Based on early sales results, we anticipate that customer growth in this first month of the year will increase from the current level of approximately 4,200 to more than 6,000," said Rod Smith, CEO of the company. "And that we will see corresponding increases in monthly sales in January.”