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  • Family Dollar names merchandise operations exec

    Matthews, N.C. -- Family Dollar Stores, announced that it has named Jeffrey Thomas senior VP-merchandise operations. He replaces Scott Zucker, who left the company at the end of May.

    Thomas joined Family Dollar in 2003 as a director of vendor performance. He went on to assume roles with increasing responsibilities, and in 2013, was named VP-merchant services.

  • Schulze back at Best Buy

    MINNEAPOLIS — Best Buy founder, Richard Schulze, is returning to Best Buy as its chairman Emeritus. In addition, Schulze has nominated Brad Anderson and Al Lenzmeier to serve on the Best Buy Board of Directors, pursuant to a previously disclosed agreement between the company and Schulze.

    Schulze had resigned from the company last June over the scandal involving from CEO Brian Dunn. He then made several failed attempts to take Best Buy private.

    Schulze expressed support for Best Buy's current chief, Hubert Joly.

  • Kona Grill to open at West 7th

    Fort Worth, Texas -- Cypress Equities, the developers of West 7th in Fort Worth, Texas, announced that Kona Grill will open a new restaurant location within the mixed-use development later this year.

    The new 7,500-sq.-ft. restaurant marks Kona Grill’s fifth Texas location and second in the DFW metroplex.

  • ‘Big Data’ in HR Can Improve Retailers’ Profits

    By Jason Taylor, Ph.D., [email protected]

  • Walmart expenses manager to speak at women's network event

    CHICAGO — The Network of Executive Women has unveiled its "2012 Annual Report," which features the personal stories of 10 network members, who explain how their engagement with NEW changed their companies, careers and lives.

    Among those featured are Kim Tisdale, manager of expense payables at Wal-Mart Stores, and Chris Albi, VP merchandising at Kroger.

    Additional highlights within the report include:

  • Dollar General Q4 earnings rise; 635 stores on tap for fiscal 2013

    Goodlettsville, Tenn. -- Dollar General reported Monday net income of $317 million for the quarter ended Feb. 1, compared with $293 million in the year-ago period, beating Wall Street expectations. The company also forecasted 2013 sales growth of 10%-12%, slightly below analysts’ views.

    Revenue edged up 0.5% to $4.21 billion in the quarter, missing Wall Street’s expected $4.26 billion. Same-store sales rose 3%.

    For the full year, profit grew to $953 million from $767 million, and revenue rose 8.2% to $16.02 billion.

  • Founder Schulze returns to Best Buy as chairman emeritus

    Minneapolis -- Shortly after abandoning buyout possibilities of his former company, Best Buy co-founder and former chairman Richard Schulze announced Monday that he is returning to the retailer as chairman emeritus.

    Schulze, who is Best Buy’s largest shareholder, is nominating two former Best Buy executives to join him on the board: former CEO Brad Anderson and former COO Al Lenzmeier.

  • Vitamin Shoppe opens first international store

    PANAMA CITY — U.S.-based Vitamin Shoppe has opened its first international franchised Vitamin Shoppe store in Panama City, via franchisee, Reprico. The retailer operates more than 600 retail locations across the United States.

    "Our grandparents were pioneers in Pharmacy in Panama," said Marta Ferrer, director retail Stores for Reprico. "We are excited to open a store that can help people feel better and live healthier with the best quality products."

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