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  • Reuters: Ron Johnson knew Martha Stewart deal was in conflict with Macy’s

    New York -- A Friday report by Reuters revealed that J.C. Penney CEO Ron Johnson was well aware that the retailer’s deal with Martha Stewart would step on Macy’s toes, but testified in court that the company decided to move forward anyway.

    Attorneys for Macy’s in New York state court on Friday presented Johnson with an email he sent to a Penney board member saying that Stewart would have to break her agreement with Macy’s if Johnson was going to “pull off” a deal with her.

  • Checkpoint Systems names new director

    THOROFARE, N.J. — Checkpoint Systems, a provider of shrink protection solutions, has named Marc Giles to its board of directors, effective immediately.

    Giles spent most of his career with industrial technology companies beginning in sales and marketing before expanding into management positions of increasing responsibility and global reach. In 2000, he was recruited by Gerber Scientific, Inc. to serve as president of its Gerber Technology division.

  • Divaris names Lowe’s exec as VP in Roanoke office

    Virginia Beach, Va. -- Divaris Real Estate announced that Sam McCoy has been appointed VP of the company’s new regional office in Roanoke, Va.

    McCoy is charged with strategic planning, acquisition, site development, sales and leasing of commercial properties throughout the Mid-Atlantic region with an emphasis on the southwest Virginia markets.

    Previously, McCoy was director of real estate at Lowe’s Cos., responsible for the development of new Lowe’s Home Improvement store sites in the Mid-Atlantic region.

     

  • Sembler reinvents Park 66 property

    St. Petersburg, Fla. -- The Sembler Co. announced Monday that it is redeveloping its Park 66 shopping center, located in St. Petersburg, Fla., and owned by the company since 1970.

    A Wal-Mart Neighborhood Market is being added to the property as part of the redevelopment – slated to open fall 2013 – and other tenants are being relocated.
     

  • Best Buy tops Street as Q4 loss narrows; buyout talks with founder Schulze end

    Minneapolis -- Best Buy Co. said that its loss narrowed in the fourth quarter, helped by improved U.S. sales. In a separate release, the company said that the deadline passed without it having received an acquisition offer from its co-founder, Richard Schulze, who had been considering making a bid for the chain.

    “The company received no such offer and will continue to focus on its transformation for the benefit of all of its stakeholders,” Best Buy said in a statement.

  • Party City to expand growth in New England with acquisition of iParty Corp.

    Dedham, Mass. -- iParty Corp., a leading party goods retailer with a strong presence in New England, has entered into an agreement to be acquired by Party City Holdings Inc., North America’s largest party supply retailer.

  • Ahold to roll out more Peapod pickup points in 2013

    AMSTERDAM — Keeping stores open during Hurricane Sandy was one of the factors that contributed to an increase in total store sales and comps in the fourth quarter and fiscal year 2012 for Ahold USA, the supermarket operator's Dutch parent company said Thursday.

    Ahold attributed its 4.3% increase in sales in the fourth quarter, to $6.1 billion, partially to the Hurricane Sandy effort. The quarter also saw comps increase by 2.4%, while full year sales were $25.8 billion, a 3.1% over 2011, as comps increased by 1.4%.

  • Marketing firm strengthens senior management team

    BOCA RATON, Fla. — DubLi, a global marketing company that provides consumers around the world with a variety of innovative, online shopping and entertainment opportunities, announced that it has strengthened its senior management team with the appointments of Eric Nelson to CFO, Ricardo Daglio to chief technology officer and Thomas Sikora to chief product officer.

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