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  • Target CEO details initiatives at annual meeting; 230 remodels and 20 to 25 new stores on tap

    New York -- Canned peaches, criminal records and political contributions were among the shareholder concerns expressed at Target’s annual meeting on Wednesday afternoon.

  • IBM completes acquisition of Tealeaf Technology

    Armonk, N.Y. -- IBM announced it has completed its acquisition of Tealeaf Technology, a provider of digital customer experience management and customer behavior analysis solutions.

    The acquisition extends IBM’s Smarter Commerce initiative with qualitative analytics software that helps organizations deliver an optimal digital experience to their customers via the web and mobile devices.

  • Francesca’s Holdings Q1 beats Street

    New York -- Francesca's Holdings Corp.’s first-quarter performance surpassed expectations, helped by strong demand for its product. The chain’s earnings more than doubled to $8.7 million.

    Net sales increased 48.6% to $61.3 million. Same-store sales rose 15.5%.

  • Ascena completes Charming Shoppes tender offer

    Suffern, N.Y. -- Ascena Retail Group Inc. announced it has successfully completed its tender offer for Charming Shoppes Inc.'s outstanding shares.

    Ascena announced in May it that was buying Charming Shoppes, whose banners include Lane Bryant, Fashion Bug,  and Catherines Plus Sizes, for about $890 million.

    Charming Shoppes will become an Ascena subsidiary and will stop trading on the Nasdaq and Chicago Stock Exchange once the transaction is complete. Ascena’s retail subsidiaries include Dressbarn, Maurices and Justice.

  • PGA Tour Superstore to open 14th store

    Roswell, Ga. -- PGA Tour Superstore is opening a second Chicagoland location on June 14, in Downers Grove, Ill. The company opened a store in Schaumburg, Ill., last month.

    Downers Grove is PGA Tour Superstore's 14th retail location. The stores are owned and operated by Golf & Tennis Pro Shop, whose controlling owner and chairman is Arthur M. Blank, retired Home Depot co-founder and current owner of the Atlanta Falcons.

  • H&M enters exclusive collaboration with Maison Martin Margiela

    NEW YORK — H&M is launching an exclusive collection this fall from French fashion house Maison Martin Margiela, the apparel retailer said.

    Making its official debut Nov. 15, the autumn/winter 2012 collection will include garments and accessories for both men and women, and will be sold at 230 H&M stores, as well as online at HM.com.

  • AAFES launches 7UP Harley-Davidson Sweepstakes

    DALLAS — The Army and Air Force Exchange Service is offering shoppers a chance to win a new Harley-Davidson motorcycle.

    From June 15 to 28, military shoppers can visit their local AAFES and enter to win in the 7UP Harley-Davidson Sweepstakes. One lcustomer will win a 2012 Harley-Davidson Sportster Forty-Eight, valued at $11,000. Entry is limited to shoppers ages 18 years and older who have a valid driver's license.

  • Meijer launches summertime fuel savings program

    GRAND RAPIDS, Mich. — Meijer is helping its customers save money on gas this summer, the retailer said.

    The new discount program, which was made available to Meijer credit customers and runs Sept. 3, provides customers with a 10-cent-per-gallon discount on fuel at all Meijer gas stations, with no minimum fuel purchase required. Customers who don't already have a Meijer credit card can apply at any Meijer store, online at Meijer.com/creditcard or via QR link with their smartphone.

  • 3M executive shifts to PepsiCo

    PURCHASE, N.Y. — Mauro Porcini has been named chief design officer at PepsiCo, the company announced.

    Porcini, who served as chief design officer at 3M, will responsible for infusing design thinking into PepsiCo's organization and culture by globally managing design with a creative, innovative and consumer-centered approach for PepsiCo's brands, with a strong focus on its top 12 global brands: Pepsi, Lay's, Gatorade, Quaker, Tropicana, Lipton, Sierra Mist/7UP, Doritos, Cheetos, Mountain Dew, Sun and Mirinda.

  • Cabela’s announces executive resignation

    Sidney, Neb. -- Cabela's Inc. announced that, effective January 1, 2013, Joseph M. Friebe, executive VP and president and CEO of the chain’s World’s Foremost Bank, will transition from his current positions and will become a special advisor to the CEO of the bank through 2014, when he plans to retire.

    “Under Joe’s leadership, the Cabela’s Club Visa program has posted industry-leading results, which have contributed greatly to our strategic growth,” said Tommy Millner, Cabela's CEO.

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