Finance & Capital Management

HOUSTON -- Douglas Ewert will become CEO of Men’s Wearhouse effective at the company’s annual shareholders’ meeting on June 15, when founder and current chairman and CEO George Zimmer steps down.

Houston -- Men's Wearhouse announced Monday that company president and COO Douglas S. Ewert will succeed founder George Zimmer as president and COO, effective June 15.

According to the retailer, the transition is part of a previously announced succession plan.

Ewert, 47, has been nominated by the board to be elected as a director of the company at the annual shareholder meeting and will be included in the list of nominees in the proxy statement for consideration by the shareholders.

BOCA RATON, Fla. -- Office Depot didn’t have to look far in its search for a new agency of record, as the Boca Raton, Fla.-based office supplies and services company announced the selection of Fort Lauderdale-based Zimmerman Advertising.

Camp Hill, Pa. -- Rite Aid Corp. said Monday that Tony Montini has been promoted to executive VP merchandising.

Montini most recently served as senior VP of category management.

In his new position, Montini will oversee field merchandising and the company’s new store format development in addition to his current responsibilities for category management. The company’s new store formats include wellness stores, value + stores and co-branded Save-A-Lot Rite Aid stores.

SAN JOSE, Calif. -- eBay announced that its is now offering limited-time pricing for broken or damaged iPods, iPhones and iPads through its Instant Sale program. Additionally, eBay said it will offer every user that sends in their device -- broken or not -- a bonus $5 eBay gift card and a matching $5 donation to Global Green USA.

Through April 30, eBay Instant Sale will begin paying up to $150 for broken iPads, $100 for iPhones, and $50 for iPods. 

PITTSBURGH -- KidsVoice, an organization which advocates for abused, neglected and at-risk children, announced that American Eagle Outfitters will be the presenting sponsor for its events during Child Abuse Prevention Month, which include Kitetails & Cocktails on April 28 and Kites for Kids on April 30. Both events will take place at the Pittsburgh Zoo & PPG Aquarium.

One creative child will win a $5,000 scholarship!

ABILENE, Kan. -- Duckwall-ALCO Stores reported that net sales from continuing operations for the fourth quarter of fiscal 2011 increased 4.4% to $136.9 million and same-store sales, excluding fuel center sales, increased 1.8%, compared with the same period in the prior fiscal year. Net sales from continuing operations for the fiscal year decreased 0.6% to $465.2 million and same-store sales decreased 2.4%, compared with the same period in the prior fiscal year.

New York City -- Wal-Mart Stores has agreed to pay $440,000 to settle a federal harassment lawsuit by 10 employees who say they endured ethnic slurs and derogatory remarks on a daily basis while working at a Sam's Club store in Fresno, Calif. The EEOC announced the settlement Thursday.

Nine of the lawsuit plaintiffs were of Mexican descent and one was married to a Mexican. The alleged harasser was a Mexican-American co-worker.