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Save-A-Lot names CEO in preparation for possible spinoff
Supervalu on Wednesday announced Eric Claus has been named the CEO of Save-A-Lot, the company’s hard-discount grocery segment. Claus, 59, joins the company after spending the past two-plus years as the chairman, president and CEO of Red Apple Stores, a chain of value retail stores in Canada. -
Fast-fashion giant to pursue LEED with new Manhattan outpost
Hennes & Mauritz AB (H&M) is going green for its first store in Lower Manhattan.
The retailer will open a 25,000-sq.-ft. store at Westfield World Trade Center, set to open in spring 2016. It will be H&M’s 17th location in New York City, and its first U.S. store to apply for LEED (Leadership in Energy & Environmental Design) certification.

