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  • Mattel CEO honored by children's foundation

    EL SEGUNDO, Calif. -- Robert Eckert, chairman and CEO of Mattel, will be presented the community leader award at the Exceptional Children’s Foundation's 65th Anniversary Gala. The recognition acknowledges Eckert’s leadership and ongoing commitment to shaping the development of generations of children, inspiring creativity and innovation and for demonstrating what's possible through a world of play, Mattel reported.

  • P&G vet finds pretty new gig

    PARIS — The president of Procter & Gamble's global hair care business is taking on a new role at Sephora.

    Effective March 31, Christopher de Lapuente will end his 28-year career at P&G to become the global president and CEO for beauty retailer Sephora, which is owned by luxury group LVMH. All regions worldwide will report to him. For European operations, de Lapuente succeeds Jacques Levy.

    In addition to his responsibilities as global president and CEO for Sephora, de Lapuente also will be a member of LVMH's executive committee.

  • Hurricane Grill & Wings on accelerated growth path

    West Palm Beach, Fla. — Hurricane Grill & Wings announced it has signed seven new domestic development agreements, adding commitments for 233 new restaurants to its 42 existing locations.

    The new development agreements will contribute to the company's accelerated growth plan with new locations in 15 states, including California, Illinois, Indiana, Iowa, Kansas, Nebraska, Maryland, Missouri, Ohio, Oregon, Pennsylvania, Texas, Virginia, Washington, Wisconsin and District of Columbia.

  • Target and Lady Gaga call off deal

    New York — Lady Gaga's deal to sell a special edition of her upcoming album at Target is off.

    A representative for the flamboyant and outspoken singer said Wednesday the two sides "came to a mutual decision to end their overall exclusive partnership a few weeks ago." Last month, it was announced that Target Corp. would be selling a deluxe edition of the album, to be released May 23, with bonus content.

  • American Apparel founder and CEO hit with $250 million teen sex suit

    New York -- Dov Charney, the controversial founder and CEO of American Apparel, has been hit with his most serious lawsuit to date.  Charney, 42, who has previously dodged lawsuits claiming sexual harassment, as well as non litigious-claims about a sexually-charged work environment, is being sued for $250 million in damages for allegedly forcing a teen employee to perform sexual acts. 

  • Kohl’s will open 40 new stores in 2011 and remodel 100 existing units

    Menomonee Falls, Wis. -- Kohl’s Department Stores on Wednesday is celebrating  the grand opening of nine new stores across seven states: Illinois, New York, South Dakota, Texas, Virginia, Washington and Wisconsin.  The chain plans to open a total of approximately 40 stores in 2011.

    In addition,  Kohl’s continues to invest in its existing store base, remodeling approximately 100 stores in 2011, an 18% increase from 2010.

  • American Eagle earnings up, CEO to retire

    New York -- American Eagle Outfitters Inc. officially announced the retirement of its chief executive officer. The chain, which has seen its seen sales falter of late, also posted a 47% rise in profits for the fourth quarter on cost-cutting.

    American Eagle said its CEO James O'Donnell, 70, will stay with the retailer until a successor is chosen and will work through the transition period. O'Donnell started with American Eagle as its COO in 2000. He became co-CEO in 2002 and CEO in 2003. 

  • P&G vet named Sephora CEO

    Paris -- LVMH announced the appointment of longtime Procter & Gamble veteran Christopher de Lapuente as global president and CEO of Sephora, effective March 31, 2011.

    Lapuente joined P&G in 1983. He spent the whole of his career within the company, and in 2004, he was appointed president, the youngest ever in P&G history.

     

     

  • Dick’s maintains momentum with same-store sales streak

    PITTSBURGH -- Dick’s Sporting Goods on Tuesday showed why it is the nation’s leading sporting goods retailer by producing record profits and a 9.4% same-store sales increase that extended to six its string of consecutive quarterly comp gains.

  • Smucker makes changes to executive team

    ORRVILLE, Ohio  -- The J. M. Smucker Company announced several executive appointments. Effective Aug. 16, Richard K. Smucker will become the sole CEO of the company.  Timothy P. Smucker will continue to serve the company as chairman of the board.

    The board of directors also approved the following additional executive appointments and realignment of responsibilities effective May 1:

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