Finance & Capital Management

PLEASANTON, Calif. — Safeway has given Steve Frisby, the added responsibility of the company's Seattle division after the exit of the current president, Greg Sparks. Frisby, who joined Safeway in 1972, currently serves as the president of its Portland, Ore., division.

Cincinnati -- Kroger announced Tuesday that it has named Suzanne Lindsay as its director of sustainability.

In the newly created position, Lindsay — who previously created and led sustainability initiatives at PetSmart — will lead Kroger's internal sustainability initiatives and will lead the company's sustainability leadership team.

Washington, D.C. -- The National Retail Federation released information on Tuesday that showed a year-over-year retail sales rise of 8.6% in February, marking 20 consecutive months of sustained growth.

The seasonally adjusted increase -- stronger than expected -- was 0.5%, which excludes automobiles, gas stations and restaurants.

New York -- Barnes & Noble has named former Cablevision executive Michael P. Huseby as CFO.

Huseby, who replaces interim CFO Allen Lindstrom, was executive VP and CFO of cable company Cablevision Systems Corp from 2004 to 2011.
 

Purchase, N.Y. -- Less than two months after resigning as president and CEO of Sam’s Club, Brian Cornell has landed at Purchase, N.Y.-based PepsiCo where he will serve as CEO of the company’s North American food division.

Cornell will be responsible for Frito-Lay North America, Quaker Foods & Snacks North America, PepsiCo Mexico, South America Foods, PepsiCo customer teams and all of PepsiCo’s Power of One activities within the Americas.

NEW YORK — Former Cablevision executive, Michael Huseby will join Barnes & Noble as CFO, effective March 13. He will report to CEO William Lynch. 

Huseby will lead the company’s finance organization, aligning the company’s finance and business strategies, optimizing the company’s capital structure and helping to scale the rapidly growing digital business. He will oversee the functions of planning and analysis, corporate development, accounting, treasury, tax, investor relations and internal audit.

New York -- Sprouts Farmers Market, a Phoenix-based natural-foods supermarket chain, has reached an agreement to merge with competitor, Sunflower Farmers Market, based in Boulder, Col. Terms of the deal were not disclosed.

The combined company will operate 139 stores in eight states under the Sprouts banner, with annual sales of approximately $2 billion. It will open about 12 new stores this year.

“Our operations are very similar," said Sprouts president Doug Sanders, who will lead the combined supermarket company.

Canton, Mass. -- Dunkin' Donuts announced Monday the signing of a multi-unit store development agreement with QSR Services for nine new restaurants in Omaha and Lincoln, Neb.

The first restaurant is planned to open in 2013, and the remainder by 2017.

"We are excited to expand Dunkin' Donuts' presence in Omaha and Lincoln and play an important role in the daily lives of people who live, work and visit here," said Bryce Bares, president, QSR Services.