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Sears Hometown and Outlets has a new CEO
Sears Hometown and Outlet Stores has promoted its chief operating officer to CEO.
The board of directors has elected William (Will) A. Powell as the company’s chief executive officer and resident, effective immediately. Powell succeeds W. Bruce Johnson, who as previously announced is stepping down.
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Merger costs take toll on Family Dollar Q3 profits
Matthews, N.C. – The pending merger with Dollar Tree Inc. took a toll on Family Dollar’s profits in the third quarter.
Expenses related to the merger drove Family Dollar’s net income down 1.5% to $79.9 million from $81.1 million the year-ago period, below Wall Street expectations.

