Marketing

Matthews, N.C. -- Family Dollar reported lower net income in the third quarter of 2013 as its shoppers continue to hold off on discretionary spending.  The discounter also named Jason Reiser to the position of senior VP merchandising.

Family Dollar posted net income of $120.9 million, down 3% from $124.5 million in the year-ago period. Its results, however, topped expectations.

Sales rose 9% to $2.57 billion. Same-store sales increased 2.9% as a result of higher customer transaction totals and traffic volumes.

SOLON, Ohio — Efficient Collaborative Retail Marketing announced that BV Investment Partners has become its majority shareholder, and Greg Farrar has been named ECRM's CEO as a result.

Dallas – Alliance Data Systems Corporation will provide private label credit card services for the US brands of Zale’s and acquire the existing card portfolio at a future date. In addition to providing private label credit card services for each Zale brand in the U.S., Alliance Data will provide turnkey credit marketing services to all Zale brands, including omni-channel and mobile services and technologies.

New York -- Foot Locker said that it has completed its previously announced acquisition of Runners Point Group, the specialty athletic store and online retailer based in Recklinghausen, Germany. The results of the two companies will be combined with an effective date of July 7, 2013.

Runners Point Group operates more than 200 athletic retail stores, principally in Germany under the Runners Point and Sidestep banners, as well as an online business. It had sales in 2012 of $254 million.

Target Corp. appointed former senator and secretary of the interior Kenneth Salazar to its board of directors. He replaces Mary Dillon, who resigned her spot. 

Salazar, who recently began working for the law firm WilmerHale, served as a Democratic member of the Senate from Colorado from 2005 to 2009 and as interior secretary under the Obama administration from 2009 until earlier this year, when he was replaced by Sally Jewell. 

PLANO, Texas — Crossmark, a leading sales and marketing services company in the consumer goods industry, has named John Compton to its board of directors to serve along with principals of Warburg Pincus, a leading global private equity firm.

Woonsocket, R.I. – CVS is offering holders of the Veterans Advantage VetRewards card $2 off every $10 purchase of CVS/pharmacy brand merchandise in stores. To take advantage of the offer, members are verified at VeteransAdvantage.com for access to a special downloadable coupon good every day at CVS/pharmacy. This coupon offer complements the existing 10% online-only discount for purchases made on CVS.com for Veterans Advantage members that was launched in 2012.

Pittsburgh -- Dick’s Sporting Goods is opening a new store at the Chico Mall in Chico, Calif. on July 12. The Chico location will be the retailer's 29th store in the state of California and its 525th nationwide. The new store will feature more than 40 in-store services performed by expert associates.

"We look forward to becoming part of the Chico community and serving all athletes by providing the equipment they need to help them excel," said Lauren Hobart, Dick’s Sporting Goods chief marketing officer.