Finance & Capital Management

Supervalu president and CEO Sam Duncan is encouraged with the progress the retailer is making and why not. Identical store sales in the company’s Save-A-Lot units were up 6.5% in the second quarter.

The company’s total sales for the period ended September 6, increased 1.8% to $4.02 billion while profits declined to $31 million, or 11 cents a share, from $40 million, or 15 cents a share. When adjusted for some non-recurring items, second quarter earnings were $34 million, or 13 cents a share.

Martha Stewart Living Omnimedia and leading publisher Meredith Corporation have entered into a decade-long partnership that is being described as transformative.

Former Delia’s and J. Crew executive Walter Killough has joined consulting firm O Alliance as managing director.

The O Alliance is a new consulting firm positioned to help retailers pursue the concept of circular commerce.  In his new role, Killough will be responsible for business development, strategic partnerships and overall day-to-day management of the company. Killough spent 10 years with junior’s retailer Delia’s and most recently served as CEO. Prior to that he served as COO of J. Crew Group.

Goodlettsville, Tenn. -- Dollar General Corporation announced plans to build a new state-of-the-art distribution center in San Antonio, Texas. It will be the 13th facility in the retailer’s growing distribution network.  

Even if Dollar General doesn’t prevail in its efforts to acquire Family Dollar the company’s expanding distribution infrastructure is positioned to support future growth.

Dollar General said it plans to build the 13th distribution center in its nationwide network in San Antonio. The facility will measure more than 900,000-sq.-ft., employ roughly 530 people and serve more than 1,000 stores when it opens in October 2015, the company said.

New York -- Fairway Group Holdings announced that Dorothy Carlow will join the supermarket company as chief merchandising officer, effective Nov. 3. Carlow will lead the merchandising team and the company's buying and sales strategies.  

Branded packaged food supplier B&G Foods elevated EVP and CFO Robert Cantwell to the role of CEO effective Jan. 1.

Cantwell, 57, a long time B&G employee, succeeds David Wenner, 64, in the top job following Wenner’s decision earlier this year to retire. Wenner will remain on the board and the company has begun a search for a new CFO.

New York -- The O Alliance, a new consulting firm helping retailers to create circular commerce, announced that it is expanding its senior management team with the appointment of retail industry veteran and multi-channel expert Walter Killough as a managing director. He will be responsible for business development, strategic partnerships and overall day-to-day management of the company.