Labor & Employment

Mike Kahn, director of Alpha Camera Systems for Sony Electronics was named special advisor to the board of PMA, the Worldwide Community of Imaging Associations.

The move is long overdue for an 86 year old organization focused on serving the needs of the imaging industry as Kahn’s appointment marks the first time a manufacturer representative was named to a PMA executive committee.

Minneapolis -- Supervalu announced that it is restructuring its executive leadership team to ensure alignment around the company’s goals and to better drive and execute the company’s business turnaround.

MINNEAPOLIS — Moving ahead with its previously announced turnaround strategy, Supervalu has overhauled its executive leadership team.

Minneapolis -- Supervalu announced that it is restructuring its executive leadership team to ensure alignment around the company’s goals and to better drive and execute the company’s business turnaround.

Target’s second quarter sales increased 3.5% to $16.5 billion and the company’s profits grew 2.9% to $1.06, five cents better than analysts expected.

The company’s second quarter results were negatively affected by pre-opening expenses related to next year’s entry into Canada. Excluding those expenses, Target said its profits would have increased 4.6% to $1.12 compared to $1.07 last year. Including expenses related to Canada, Target increased its full year profit forecast to a range of $4.20 to $4.40 from an earlier guidance range of $4.10 to $4.30.

NEW YORK — Ralph Lauren has named Christopher Peterson as SVP and CFO. Peterson will assume his new role effective Sept. 24, and his areas of responsibility will include the company’s global finance and information technology organizations. He will report to Roger Farah, president and COO.

New York -- Ralph Lauren Corp. has appointed Christopher H. Peterson as SVP and CFO. He succeeds Tracey Travis, who resigned in July to join The Estee Lauder Cos. Inc.

Most recently, Peterson served as CFO of Proctor & Gamble Co.’s Global Household Care division.

York, Pa. -- The Bon-Ton Stores Inc. said that it plans to close its Carson's store in the River Oaks Mall in Calumet City, Ill., when the lease expires in January. 

The department store company said doesn't expect costs tied to the closing to be material.

Bon Ton received the leasehold interests in the store as part of its Northern Department Store Group acquisition in 2006.