Strategy

Long Island City, N.Y. -- The Yankee Candle Company is working with Michael C. Fina on the design and deployment of Yankee Candle’s employee recognition program.

Michael C. Fina is helping Yankee Candle celebrate their employees’ company achievements and milestones, including service anniversaries, with a dedicated recognition program designed to align with Yankee Candle’s corporate goals and unique work culture.

Fort Worth, Texas – Analyst firm Wedbush Securities is reportedly advising clients that a bankruptcy is “imminent” at RadioShack. According to Barron’s, Wedbush has lowered its target price for RadioShack to $0, citing concerns including inability to secure lender approval for 1,100 proposed store closings and general weakness in the consumer electronics sector.

Barnes and Noble continues to narrow its losses. In the first quarter of fiscal 2015, the company’s comparable sales were bolstered by improving physical book industry trends, merchandising initiatives and store promotions.

Wayne, N.J. – Toys “R” Us on Tuesday announced several executive appointments. The retailer named Debbie Lentz as senior VP, chief supply chain officer, with responsibility for U.S. distribution and customs compliance, global importing and exporting, fleet operations and domestic transportation, reporting to Hank Mullany, president, Toys “R” Us, U.S.

Las Vegas - Cricket Wireless and GameStop Corp. are launching a new strategic retail relationship that will offer Cricket Wireless' no-annual contract service in more than 2,800 GameStop U.S. store locations. Starting in October after a successful trial in select markets, GameStop will begin selling Cricket Wireless no-annual contract service and smartphone devices and accessories.  

Electrolux has entered into an agreement to acquire the appliances business of General Electric, one of the leading manufacturers of kitchen and laundry products in the United States, for a cash consideration of $3.3 billion.

Deerfield, Ill. - Walgreens has named Barry Rosenstein, founder and managing partner of New York City-based hedge fund Jana Partners LLC, to its board of directors. The company is expanding its board it continues moving forward to complete its merger with Alliance Boots GmbH.

Walgreens has appointed Barry Rosenstein, managing partner JANA Partners, and a second new director to be named to its board of directors as the company continues moving forward to complete its merger with Alliance Boots.