Marketing

HOFFMAN ESTATES, Ill. -- Sears Holdings announced that as part of the continuing transformation of the company, Scott Freidheim has been appointed EVP, president Kenmore, Craftsman and DieHard.

"Scott is a strong leader who will heighten our focus on our Kenmore, Craftsman and Diehard brands," said Bruce Johnson, interim CEO and president of Sears Holdings. "I believe he will be a tremendous asset to this business as we drive new ideas forward."    

City of Industry, Calif. -- Hot Topic said Monday that Chris Daniel, president of the company’s plus-size Torrid division, has resigned effective April 29.

The company has named Betsy McLaughlin as interim head of Torrid upon Daniel’s departure, and said it will conduct an outside search for a permanent replacement.

CINCINNATI — Procter & Gamble announced that Robert Steele, vice chairman of global health and well-being, will retire effective Sept. 1.

Steele oversees oral care, feminine care, personal health care, pet care and snacks for P&G.

Between now and September, Steele will serve as vice chairman of healthcare strategy, reporting to P&G chairman, president and CEO Robert McDonald.

West Palm Beach, Fla. -- Boca Raton, Fla.-based Woolbright Development announced that it has acquired Village Commons shopping center, located in West Palm Beach, Fla. 

Woolbright will oversee the center’s leasing, property management, construction management, marketing and promotions.

Another week and another full page ad in Target’s circular touting the REDcard Rewards program launched last fall. Nothing unusual about that right? The 5% savings program has been promoted heavily since its arrival last October to the point where it is impossible to look anywhere in a store and not seen 5% Rewards signs.

San Francisco -- Williams-Sonoma said Tuesday that its board has approved a $125 million stock repurchase program.

The retailer said the new program will likely be completed by January 2012. It does not have an expiration date. The company said it had completed a $65 million stock repurchase program approved in September 2010.

Williams-Sonoma, which runs Pottery Barn, West Elm, its namesake stores and other brands, had about 105.1 million outstanding shares as of Nov. 28, 2010.

Framingham, Mass. -- The TJX Cos. said Tuesday that it has restructured its executive management as part of the retailer’s ongoing leadership succession planning.  

Carol Meyrowitz has inked another two-year employment agreement as CEO. Ernie Herrman has been promoted to president of TJX Cos. from his post of senior executive VP group president.

Meyrowitz will now have Herrman and Jeffrey Naylor, senior executive VP CFO and chief administrative officer, reporting to her.

New York City -- New York & Co. said Tuesday it has promoted current president Gregory Scott to the role of CEO, effective Feb. 12.

Richard P. Crystal, current chairman and CEO, had previously announced his impending retirement, effective Feb. 11.

Grace Nichols, who has served as a director since March 2008, will assume the role of non-executive chair of the board effective Feb. 12. Scott will remain a director on the company’s board.