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Strategy

  • Management shake-up at Signet Jewelers; Zale CEO Killion resigns

    Hamilton, Bermuda -- Signet Jewelers Ltd. on Tuesday announced that Theo Killion, CEO and president of its newly acquired Zale division, has resigned, effective July 31.

    Killion had been tapped to lead Zale as a separate division within the company, Signet said when the deal closed in late May. George Murray, Signet's current chief integration management officer, has been promoted to president of the Zale division and will succeed Killion upon his departure.

  • Stater Bros. Charities makes donation to 13 Southern California food banks

    Stater Bros. Charities is donating $150,000 to 13 local food banks and pantries in an effort to make sure children have enough to eat during the summer months when food reserves are traditionally low and when they don’t have access to meals through school food programs.

    The funds were donated by Stater Bros. customers and employees this past holiday season during the Harvesting Hope in Our Community program.

  • Apple plans six new China stores

    Cupertino, Calif. – Apple Inc. is planning to open six new stores in China, judging by advertisements for store managers the company has posted on its Chinese website, Bloomberg reported. The company is seeking store managers for units the Chinese cities of Tianjin, Chongqing, Wuxi, Zhengzhou, Shenyang, and Hangzhou, none of which currently has an Apple-owned retail outlet.

  • Sears Holdings names Displaydata as a top supplier

    London -- Displaydata announced Tuesday it was named a 2014 Partner in Transformation for Sears Holdings Corp. The company received the award for delivering Sears' innovative digital display technology that supports its Shop Your Way program in stores.

    Displaydata's responsiveness, hands-on delivery and commitment to supporting Sears' deployment in hundreds of stores to date has built a strong collaboration and partnership between both organizations. The award was recently presented at Sears Holdings' 2014 Vendor Summit.

  • Sport Chalet to be acquired by owner of Bob's Stores, EMS

    Meriden, Conn. -- Vestis Retail Group, made up of the East Coast-based Bob's Stores and Eastern Mountain Sports, has signed an agreement to acquire Los Angeles-based Sport Chalet.

  • Port strike still looms

    Both sides of a West Coast labor dispute are entering extra time as the contract between the Pacific Maritime Association and the International Long Shore and Warehouse Union officially expired June 30.

    As expected, both sides are negotiating in an effort to avoid the economic damage from a costly strike on the docks that, according to a recent study, could cost as much as $2.5 billion per day. 

  • 1-800-Flowers to accept Bitcoin in the fall

    Carle Place, N.Y. - 1-800-Flowers.com Inc. will begin accepting Bitcoin payment this fall. The retailer will accept Bitcoin across its portfolio of gifting sites, including 1-800-Flowers.com, FannieMay.com, Cheryls.com, ThePopcornFactory.com, 1-800-Baskets.com, FruitBouquets.com, and Stockyards.com.

  • Bob’s Stores parent company to acquire Sport Chalet

    Vestis Retail Group, the parent company of Bob's Stores and Eastern Mountain Sports, has set the wheels in motion to acquire Sport Chalet.

    The acquisition will create one of the largest sporting goods retailers in the United States, with more than 150 stores and coverage on the East and West coasts. Sport Chalet will continue to operate stores under its existing brand name, and according to Vestis Retail Group, no store closures are planned.

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