Finance & Capital Management

Denton, Texas -- Sally Beauty Holdings announced that its board has approved a new share repurchase program authorizing the company to repurchase up to $700 million of its common stock. The announcement is the first repurchase authorized by the company in 2013, but the third in the last 12 months.

By Randy Frischer, [email protected]

Virginia Beach, Va. -- Divaris Real Estate announced that Sam McCoy has been appointed VP of the company’s new regional office in Roanoke, Va.

McCoy is charged with strategic planning, acquisition, site development, sales and leasing of commercial properties throughout the Mid-Atlantic region with an emphasis on the southwest Virginia markets.

Previously, McCoy was director of real estate at Lowe’s Cos., responsible for the development of new Lowe’s Home Improvement store sites in the Mid-Atlantic region.

Fort Worth, Texas -- Trademark Property announced that it has unveiled a new logo, corporate office and website as part of its 20-year anniversary.

On Feb. 4, the company moved into a new corporate office located in the River Plaza office building, part of Trademark’s WestBend mixed-use development in Fort Worth.  In addition, a new, more digital- friendly logo is being introduced along with new website to better reflect Trademark’s ever-changing and dynamic business.

FORT WASHINGTON, Pa. — Nutrisystem has announced that Andrea Weiss has joined the company’s board of directors, effective immediately. She replaces Michael Devine, who has resigned from the board.

Suffern, N.Y. -- Ascena Retail Group reported Monday that adjusted net income for the quarter ended Jan. 26 dropped to $42.9 million, compared with $63.7 million in the year-ago period, due in large part to expenses associated with the company’s acquisition of Charming Shoppes.

Sales soared 44% to $1.2 billion from $862 million, driven by the added Lane Bryant and Catherine’s banners. Same-store sales dipped 1%.

MINNEAPOLIS — Supervalu has named new leadership at the executive and banner retail level. According to the company, the move is part of its plans to move forward with a focus on serving wholesale grocery operators, growing its hard discount format and running a smaller, more efficient retail operation following the close of its previously announced transaction with AB Acquisition LLC. That transaction is expected to be completed the week of March 18.

Minneapolis -- Supervalu announced Monday that it will make sweeping changes among its executive ranks as part of a previously announced right-sizing program.

Newly minted president and CEO Sam Duncan has named former Kroger VP Mark Van Buskirk as EVP merchandising and marketing for Supervalu, charged with oversight of retail merchandising and marketing.

Former Albertsons executive Rob Woseth has been named EVP chief strategy officer, overseeing real estate and corporate development, as well as strategic growth opportunities.