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  • Jones Group swings to loss on charges in Q1

    New York -- Jones Group Inc. reported Wednesday that it swung to a first-quarter loss of $1.2 million, compared with a profit of $25.7 million in the year-ago period. Costs of closing stores, paying severance, acquisitions and a strategic review impacted the results, which still surpassed analysts’ expectations.

    Revenue for the manufacturer and retailer of brands such as Nine West, Jones New York and Stuart Weitzman slipped 2.6% to $936 million in the quarter ended March 31, missing Wall Street’s expected $937.3 million in revenue.

  • JoS. A. Bank names merchandise exec promotion

    Hampstead, Md. -- JoS. A. Bank Clothiers said Wednesday that Frank J. Barbarino has been promoted to senior VP and general merchandise manager for the chain, effective April 15.

    In his new role, Barbarino will continue to lead the Tailored Clothing Department and will add Sportswear and Furnishings to his responsibilities. He will oversee product design, manufacturing and sourcing, as well as all retailing of the company’s merchandise lines.

    Barbarino was most recently VP for tailored clothing.

  • Walmart creates new role to handle bribery allegations

    BENTONVILLE, Ark. — Amidst allegations of bribery at its Mexican affiliate, Wal-Mart Stores has created a new position. The global FCPA compliance officer will be responsible for ensuring that all Walmart divisions comply with the U.S. Foreign Corrupt Practices Act. This person will also oversee five FCPA compliance directors based in the international markets.

  • Walmart offers response to New York Times article

    Bentonville, Ark. -- In response to the New York Times article about compliance with the U.S. Foreign Corrupt Practices Act, Wal-Mart VP corporate communications, David Tovar on Tuesday made the following statement:

  • Stage Stores taps former J.C. Penney exec as chief merchant

    Houston -- Stage Stores announced the appointment of Steven Lawrence as chief merchandising officer, effective April 30, 2012. Lawrence will be responsible for all of the merchandising, planning and allocation functions of the company.

    Prior to joining Stage Stores, Lawrence spent 11 years with J.C. Penney, where he was most recently co-chief merchant executive VP GMM men’s, kids & home.
     

  • Flur to leave Family Dollar

    Matthews, N.C. -- Family Dollar Stores said Monday that Dorlisa K. Flur, vice chair-strategy and chief administrative officer, plans to leave the company to pursue other interests, effective May 2.

    Flur joined Family Dollar in 2004 as SVP strategy and business development.

  • Wal-Mart’s Mexican unit hit by bribery scandal

    NEW YORK — Wal-Mart Stores confirmed that it is investigating its operations in Mexico for possible violations of the U.S. law that prohibits bribery overseas. The acknowledgement came in response to a lengthy article by The New York Times on Saturday that alleged the giant discounter first learned of allegations of "widespread bribery" by its workers in the country in 2005 and that top executives subsequently covered them up. 

  • J. M. Smucker promotes David Lemmon

    ORRVILLE, Ohio — J. M. Smucker has promoted one of its corporate officers.

    The company said David Lemmon now would serve as VP and managing director of the company's Canada operations. Lemmon, who has been with the J. M. Smucker for 17 years, "has been instrumental in successfully implementing the company's growth strategy in Canada and helping the company achieve a leading market share position in several Canadian food and beverage categories," J. M. Smucker said.

    Lemmon's promotion is effective May 1.

     

     

  • U.S. lawmakers launch investigation into Wal-Mart bribery scandal

    New York -- Wal-Mart Stores confirmed that it is investigating its operations in Mexico for possible violations of the U.S. law that prohibits bribery overseas. The acknowledgement came in response to a lengthy article by The New York Times on Saturday that alleged the giant discounter first learned of allegations of "widespread bribery" by its workers in the country in 2005 and that top executives subsequently covered them up. 

  • Cooler company gets seasoned sales help based in B’ville

    Igloo Products Corp., named Terri Brooks VP strategic accounts as part of a larger sales reorganization and said she would be based in Bentonville.

    Katy, Texas-based Igloo said the addition of Brooks to her newly created position and the addition of David D’Auteuil as VP new business development would accelerate the momentum the company has achieved from new product introductions and aggressive marketing.

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