Finance & Capital Management

Bon-Ton is looking to upgrade its supply chain solution and is turning to technology provider ecVision to help the company improve the existing platform it uses.

Seven years ago, Bon-Ton implemented ecVision's solutions for vendor management, PO integration and production and shipment tracking for its international orders. The company is ready for an upgrade, however, so it can efficiently deal with the more than 100,000 SKUs which are sourced and delivered to stores around the country.

Woonsocket, R.I. -- CVS Caremark has appointed Tracy Bahl to the position of executive VP, health plans. In this role, Bahl will lead the teams responsible for supporting health plan clients while also offering health plans guidance.

Clearwater, Fla. – Recreational boat retailer MarineMax has named Frances Allen, executive VP and chief brand officer for Denny’s Corporation, to its board of directors. Prior to joining Denny’s, Allen was chief marketing officer for Dunkin Donuts. Her prior roles also include managing marketing efforts at Sony Ericsson Mobil Communications, Pepsi-Cola North America and Frito-Lay.

Electrolux has named former Sears executive Nolan Pike as SVP and GM of its North American cooking business.

Pike most recently worked for Sears as their Kenmore brand VP and GM and as the top merchant for Sears Home Appliances, the nation’s largest appliance retailer. Additionally, Pike spent many years in manufacturing and led the development, launch and product management of several notable cooking lines.

Mooresville, N.C. -- Angela F. Braly, 52, has been named to the Lowe’s board of directors, with a term expiring at Lowe’s 2014 annual meeting of shareholders. This brings Lowe’s board of directors to 12 members, 11 of whom are independent.

Houston – Jos. A. Bank has officially withdrawn its all-cash bid to purchase Men’s Wearhouse for $48 per share, or about $2.3 billion, after failing to get the retailer to enter into merger talks ahead of a Thursday deadline.

Robert N. Wildrick, chairman of the board of Jos. A. Bank, sent a letter to Men’s Wearhouse CEO Doug Ewert informing him that since Men’s Wearhouse had not engaged in good faith negotiations by a previously stated Nov. 14 deadline, Jos. A. Bank would terminate its proposal.

XPO Logistics, a transportation logistics services provider in North America, has acquired Optima Service Solutions, a leading non-asset provider of last-mile logistics services for major retailers and manufacturers in the United States.

Plymouth, Minn. -- The Tile Shop says it rejects a report stating its historical financial statements may require restatement along with other accounting irregularities. The company denies these allegations and believes that the financial statements are properly stated and its business practices are appropriate.