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  • Management shake-up at Loblaw and Shoppers Drug Mart

    Brampton, Ontario -- Loblaw Cos. on Thursday announced a series of management changes, including the appointment of Galen Weston, executive chairman, as president, effective immediately. He succeeds Vicente Trius, president since August 2011, who is leaving the company, effective immediately,  for family reasons to return to Brazil.

  • H&M’s new 57,000-sq.-ft. Manhattan flagship is brand’s largest store yet

    New York -- Fast-fashion giant H&M on Thursday celebrated the opening of its flagship on Fifth Avenue in Manhattan. At 57,000 sq. ft., it is the retailer’s largest store in the world and 13th location in Manhattan. It also is the first H&M in the United States to offer a full concierge service, and to carry the full H&M Home collection.

  • Sherwin-Williams net income jumps 13% in Q2; 80-90 new stores planned

    Cleveland – Higher pretax income and gross profit helped push net income at The Sherwin-Williams Company up 13% in the second quarter of fiscal 2014 to $291 million, from $257 million in the year-ago period.

    Net sales rose 12% to $3.04 billion from $2.7 billion, primarily due to higher paint sales volume in the paint stores group and acquisitions.

  • Market Basket employees threaten walkout

    Tewksbury, Mass. – A group of Market Basket employees known as “Save Market Basket” have threatened to walk off the job as of 4:30 p.m. ET on July 17 if former CEO Arthur T. Demoulas is not reinstated. Demoulas had been waging a public battle with his cousin Arthur S. Demoulas, a stakeholder and director of the company, about finances when he was fired by Market Basket operator Demoulas Super Markets Inc. in June.

  • Ross Stores opens two new Kansas City stores July 19

    Dublin, Calif. -- Ross Dress for Less will open two new stores in the Kansas City area on July 19. The stores include The Shoppes at Liberty Triangle in Liberty, Missouri, and Quivira 95 Shopping Center in Overland Park, Kansas.  

    These new openings are part of the retailer’s 2014 expansion program, totaling approximately 75 new locations during the year.

     

  • Williams-Sonoma taps Children’s Place exec as senior VP global

    San Francisco -- Williams-Sonoma announced the hiring of Ronald R. Young as senior VP global. Young will grow the portfolio of Williams-Sonoma brands outside the United States.

  • Loblaw taps new president, reshuffles management team

    Loblaw’s board of directors has named executive chairman Galen G. Weston as president, effective immediately. Thomas O'Neill, lead independent director, confirmed the appointment as part of a series of management changes at the company.

    As executive chairman, Weston is responsible for setting the strategic direction of the company and leading the board. In assuming the role of president, Weston will also be responsible for the execution of the company's strategy, leadership of the management team and its overall business performance.

  • eBay powers ahead with record volume, payments

    eBay enabled record levels of e-commerce and transaction volume via its PayPal subsidiary during the second quarter ended June 30.

    The global commerce platform and payments leader said revenue for the period increased 13% to $4.4 billion as the volume of e-commerce activity it facilitated (a metric eBay calls Enabled Commerce Volume or ECV) increased 26% to $62 billion. Net income increased 6% to $676 million, or 53 cents a share, compared to net income of $640 million, or 49 cents a share.

  • Williams-Sonoma taps Children’s Place exec as SVP, global

    Williams-Sonoma has appointed Ronald R. Young SVP, global, as part of its strategy to grow the brand outside the United States.

    “Global expansion is one of our most important initiatives, and I’m pleased to have Ron Young, with his more than 30 years of experience in global markets, leading our continued growth,” said president and CEO Laura Alber. “Ron’s deep understanding of the global retail landscape, and his financial discipline are the ideal combination of skills and experience to lead our global strategy.”

  • Purell issues 30-Day challenge to consumers

    GoJo Industries, the makers of Purell Advanced Hand Sanitizer, have issued a challenge to consumers to adopt 30 days of healthy habits by joining the Purell Advanced 30-Day Challenge.
     

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