Finance & Capital Management

RADNOR, Pa. — Search giant Google has agreed to buy Channel Intelligence for $125 million, allowing to expand its role in the retail space. 

A division of ICG Group, Channel Intelligence claims to count Target, Best Buy and other large retailers and brands that rely on its marketing services to drive sales. 

New York -- Although there were some surprising gains among retailers in January, for the most part results were expectedly mixed, as consumers took a hit on their take-home pay from higher payroll taxes but cooler weather gave a boost to others.

AutoZone has elected Linda A. Goodspeed to its board of directors. Goodspeed is SVPand chief information officer (CIO) of The ServiceMaster Company, a position she has held since 2011.

"Linda's extensive background in information technology and the automotive industry will complement and enhance the collective skills of our Board," said Bill Rhodes, chairman, president and CEO. "We are fortunate to have her as a new board member."

Prior to joining The ServiceMaster Company, Goodspeed was VP information systems for Nissan North America.

Los Angeles -- Survey results released Thursday by PriceGrabber found that 62% of consumers plan to spend as much as $100 on gifts for Valentine’s Day, down from 68% in 2012. However, 36% plan to spend more than $100 compared with 28% last year.  

Scotts Miracle-Gro posted first-quarter net sales of $205.8 million, up 3% from $199.6 million during the same quarter a year ago. 

Sales in the Global Consumer segment in the quarter ended Dec. 29, 2012, were up 3% to $153.2 million, compared with $149.1 million a year ago, attributable to increased volume during the quarter. 

New York -- Verizon Communications on Thursday elected Greg Wasson, Walgreens president and CEO, to the Verizon board of directors, effective March 1.

"Greg Wasson brings to Verizon an in-depth knowledge of the retail and healthcare industries," said Lowell McAdam, Verizon

chairman and CEO. "He offers a unique perspective as the leader of a successful Fortune 50 company focused on innovation,

traditional and nontraditional growth, operational and technical excellence, and multichannel integration.”

NEW YORK — Department store retailers reported strong sales in January as shoppers responded positively to post-holiday clearance events.  

Overall, the 20 retailers reporting January comps saw an average rise of 5.1%, according to the International Council of Shopping Centers, which beat the mall trade group’s 3% forecasted rise.

Former Delhaize America CEO and Hannaford Bros. executive Ronald C. Hodge has joined the board of the Park City Group.

Hodge most recently served as an advisor to Delhaize America following a stint as CEO from March 2011 to Octomber 2012. Prior to Delhaize, Hodge spent 31 years with Hannaford Bros. Co., during which time he held various executive roles, including the position of CEO from 2001 to 2011.