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Strategy

  • Triad Retail Media names Berdusco CEO

    A decade after founding Triad Retail Media, Greg Murtagh is stepping down as CEO of the digital retail media company to pursue new opportunities.

    Stepping up to the CEO role is current president and COO Roger Berdusco who worked closely with Murtagh since the innovative agency was founded in 2004. Murtagh will remain on the company’s board of directors.

  • Retail vet Michael Rayden, CEO of tween-brand Justice, to retire in January

    Mahwah, N.J. -- Michael Rayden, president and CEO of Ascena Retail Group’s tween apparel brands Justice and Brothers, and a member of the Ascena board, is retiring at the end of Jan. 2015. Ascena has tapped Herbert Mines Associates to start a global search for a president and CEO of Justice and Brothers.   

  • L'Oreal USA to buy Carol's Daugher

    L'Oréal USA has announced plans to acquire multi-cultural beauty brand Carol's Daughter.

    Financial terms of the deal were not disclosed.

    Created by Lisa Price in 1993, Carol's Daughter offers a range of products that are available at specialty beauty stores, mass retailers, on HSN, through e-commerce and at Carol's Daughter branded stores in New York City. For the 12 months ended Sept. 30, Carol's Daughter had net sales of $27 million.

  • Action Services Group to provide Hancock Fabrics lighting maintenance

    Aston, Penn.-- Actions Services Group, a national lighting maintenance, sign maintenance and electrical services company, will provide scheduled lighting maintenance for Hancock Fabrics, a specialty retailer of crafts and fabrics. The lighting maintenance program will include quarterly inspections and service to all 266 Hancock Fabrics store locations across 37 states and will cover interior store lighting and exterior canopy lighting maintenance.

  • Restructuring, impairment dampen Rent-A-Center Q3 earnings

    Plano, Texas -- Pretax restructuring charges related to corporate reorganization and store closures, as well as pretax impairment charges, helped reduce net earnings at Rent-A-Center Inc. 7% to $25.3 million in the third quarter of fiscal 2014 from $27.2 million in the third quarter of the prior year. Revenues grew 2% to $769.5 million from $754.8 million, and same-store sales rose 1.9%.

     

  • HanesBrands makes tasty board appointment

    Former Snyder’s-Lance CEO David V. Singer is the newest member of the board of directors at apparel manufacturer HanesBrands.

    Singer, 59, joins the 10 member board through the 2015 annual meeting when directors stand for re-election. He will serve on the company’s audit committee.

  • Great American Group selected as stalking horse bidder for Alco stores

    Los Angeles --Great American Group has been selected as a stalking horse bidder in the potential liquidation of Alco Stores, which operates 198 general merchandise discount stores in 23 states. Great American is a leading provider of asset disposition and auction solutions, advisory and valuation services, capital investment, and real estate advisory services.

  • LaGuardia Airport upgrades stores in Terminal B

    Queens, N.Y. -- Airport retail developer MarketPlace Development is opening new shops, restaurants and services as part of an overall plan to upgrade the Food & Shops program at Terminal B in LaGuardia Airport as planning continues on a new terminal.
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