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  • Gap approves $500 million share buyback program

    San Francisco –- Gap Inc. has approved a new $500 million share repurchase authorization for the company’s common stock, in an effort to return excess cash to shareholders. The new $500 million repurchase program for Gap’s stock follows the company’s previous $1 billion share repurchase program.   

  • Destination Maternity plans Israel expansion

    Philadelphia -- Destination Maternity Corp. will expand into Israel through an international franchise agreement with Israeli fashion retail chain H&O Fashion Ltd. (H&O). Through this relationship, Destination Maternity will introduce its Motherhood Maternity, A Pea in the Pod, and Destination Maternity brands into Israel, with the first franchise locations expected to open in spring 2015.    

  • O Alliance names omnichannel expert as managing director

    New York -- The O Alliance, a new consulting firm helping retailers to create circular commerce, announced that it is expanding its senior management team with the appointment of retail industry veteran and multi-channel expert Walter Killough as a managing director. He will be responsible for business development, strategic partnerships and overall day-to-day management of the company.  

  • Ross Stores opens 28 new stores in Sept. and Oct.

    Dublin, Calif. –- Ross Stores opened 20 new Ross Dress for Less and eight new DD’s Discounts stores across 14 different states in September and October.     These new locations are part of the off-price retailer’s plans to add a total of approximately 75 Ross and 20 DD’s Discounts stores during 2014.  

  • Martha and Meredith in 10-year tie-up

    Martha Stewart Living Omnimedia and leading publisher Meredith Corporation have entered into a decade-long partnership that is being described as transformative.

  • B&G Foods names Cantwell CEO

    Branded packaged food supplier B&G Foods elevated EVP and CFO Robert Cantwell to the role of CEO effective Jan. 1.

    Cantwell, 57, a long time B&G employee, succeeds David Wenner, 64, in the top job following Wenner’s decision earlier this year to retire. Wenner will remain on the board and the company has begun a search for a new CFO.

  • Bonial eyes development of Retale brand

    Retail advertising solutions provider Bonial International, parent company of Retale, has placed several executives in key roles as it looks to disrupt the traditional retail advertising universe.

    Dan Cripe was name chief technology officer and Andrea Francesco Domeneghini was named chief marketing officer at Bonial and will be based in the company’s Berlin headquarters.

  • Price investments hinder Supervalu profits

    Supervalu president and CEO Sam Duncan is encouraged with the progress the retailer is making and why not. Identical store sales in the company’s Save-A-Lot units were up 6.5% in the second quarter.

    The company’s total sales for the period ended September 6, increased 1.8% to $4.02 billion while profits declined to $31 million, or 11 cents a share, from $40 million, or 15 cents a share. When adjusted for some non-recurring items, second quarter earnings were $34 million, or 13 cents a share.

  • Frascotti named top toy exec at Hasbro

    Global branded play leader Hasbro, Inc. today announced the promotion of John Frascotti to the newly-created position of president, Hasbro Brands, effective immediately.

    In this new role, Frascotti assumes the additional responsibilities of worldwide product development and now oversees all of the company’s global marketing and design and development teams.  By combining the teams, the company will continue to drive strong innovation, maximize operational efficiency, facilitate greater collaboration and streamline decision-making.

  • eBay enables more commerce in Q3

    Enabled commerce volume at eBay surged 27% in the company’s third quarter with cross border trade showing particular strength, but it wasn’t enough to prevent the company from revising downward its full year outlook.

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