Marketing

Electrolux has upped its investment in innovation as it looks to stay at the forefront of the household appliance industry.

The company, best known for its Electrolux, Eureka and Frigidaire brands, said it would spend $6.3 million on a state-of-the-art research and development center at an existing refrigerator facility in Anderson, S.C., where the company had already committed to spending $45 million on upgrades. The facility opened in 1988.

Matthews, N.C. -- Family Dollar announced that it has named Holly Shaskey-Platek to the position of senior VP – merchandising. She will lead the home, apparel and seasonal divisions.

Prior to joining Family Dollar in 2008 as a consultant to provide company-wide change management leadership, Holly spent a total of 25 years with Target Corp. and ShopNBC.
 

Minneapolis -- William & Friends, the company behind Lili Salon and Spa concept in Minnetonka, Minn., has opened a second location at Galleria Edina, in Minneapolis.

The company worked with Shea, a Minneapolis-based design and marketing firm, on the design of a 5,000-sq.-ft. space formerly occupied by Smith & Hawken.

Lili opened on Aug. 13.
 

Chicken Soup for the Soul, the well-known book publisher and leader in life improvement, inspiration and wellness, will launch a national line of nutritious, quality comfort foods that will be available in supermarkets and food retailers in early 2013.

Memphis -- Fred’s reported Thursday that net income for the quarter ended July 28 rose 19% to $6.1 million, compared with $5.1 million in the year-ago period.

Sales rose 4% to $470.8 million from $452.7 million, and same-store sales dipped 1%.

Profit results missed Wall Street expectations, and the discounter has lowered its full-year earnings forecast.


 

SIDNEY, Neb. — Cabela's has named Sean Baker as president of World's Foremost Bank and will be appointed CEO effective Jan. 1, 2013. Baker will replace Joseph Friebe, whose planned retirement was announced in June.

Foothill Ranch, Calif. -- As part of its push toward forcing Wet Seal to put itself up for sale, investor Clinton Group on Thursday named its own slate of board candidates to replace the existing members.

Clinton’s candidates include former United Retail Group chief Raphael Benaroya, former chairman and CEO of Charming Shoppes Dorrit Bern, former Aeropostale co-CEO Mindy Meads, former Aeropostale COO John Mills, and investment banker Lynda Davey.

The nation’s leading closeout retailer offered a bleak outlook for the remainder of the year following worse than expected second quarter results and announced the departure of its top merchant.