Finance & Capital Management

TREVOSE, Pa. — Broder Bros., a leading distributor of trade, private label and retail apparel brands and merchandise, has appointed Norman Hullinger as its new CEO.

Hullinger has been with the company for the last decade, most recently as its COO.

Wal-Mart Stores, Inc., president and CEO Mike Duke appeared earlier this week at a meeting of the Council on Foreign Relations where he shed light on a range of topics that weren’t fully captured by headlines and soundbites from the event.

Duke was a participant in the organization’s CEO speaker series where for an hour he was politely grilled by Bloomberg president and CEO Dan Doctoroff and took questions on a broad range of topics.

New York -- Best Buy Co. on Friday said it agreed to extend the deadline to Feb. 28 for founder Richard Schulze to make a bid for the company.

The company said it is in the best interest of shareholders to let Schulze and his partners include results from the holiday season in their due diligence review.

WOONSOCKET, R.I. — CVS Caremark executives expressed optimism going into 2013 and outlined its strategic growth framework, which leverages the company’s unique integrated model, during its annual Analyst Day held on Thursday in New York City.

BELLEVUE, Wash. — Outdoor lifestyle brand Eddie Bauer has named former Best Buy executive Steve Venegas as its new VP of distribution North America.

Venegas is a seasoned outdoor industry executive, most recently holding the position of VP of distribution for VF Outdoor, Inc., which includes brands such as the North Face, Reef, Lucy, Eagle Creek and JanSport.

New York -- An issue related to drawstrings has resulted in Bon-Ton Stores agreeing to pay a civil penalty in the amount of $450,000.

The U.S. Consumer Product Safety Commission alleges that the fashion retailer knowingly failed to report to the commission that its children's hooded jackets and sweatshirts were sold with drawstrings through the hood. The penalty agreement has been provisionally accepted by the commission in a 3-0 vote.

WASHINGTON — An issue related to drawstrings has resulted in Bon-Ton agreeing to pay a civil penalty in the amount of $450,000.

The U.S. Consumer Product Safety Commission alleges that the fashion retailer knowingly failed to report to the commission that its children's hooded jackets and sweatshirts were sold with drawstrings through the hood. The penalty agreement has been provisionally accepted by the commission in a 3-0 vote.

Turkish retailer Migros appears to fit Walmart’s acquisition criteria even if the timing of a potential deal is less than ideal.

Turkey’s leading retailer has been in the headlines a lot this year because the company’s private equity owner, BC Partners, is reportedly looking to dump its ownership position roughly four years after acquiring a majority stake. Various international retailers are said to have had discussions with BC Partners and Walmart is the latest, according to reports this week by the Financial Times, Reuters and other international sources.