Strategy

ALEXANDRIA, Va. — The National Association of Chain Drug Stores’ EVP and CFO Jim Huber is retiring after 25 years of service.

He will be succeeded by David Fitzsimmons, who has been promoted to SVP of finance and administration, effective December 21. Fitzsimmons currently serves as VP of finance and accounting.

Warburg Pincus has acquired a majority ownership stake in Crossmark, a leading provider of sales and marketing services to retailers and suppliers.

The companies said they entered into a definitive merger agreement whereby Warburg Pincus will make a majority investment of an undisclosed amount in Crossmark that allows for the management owners of the company to maintain a significant equity position and continue to actively lead the company after the transaction closes.

NORTH BERGEN, N.J. — The Vitamin Shoppe will buy a Pacific Northwest-based supplement chain, the New Jersey-based company said.

The Vitamin Shoppe said it would buy Super Supplements for $50 million. Super Supplements operates 31 stores in Washington, Oregon and Idaho, and the Vitamin Shoppe said the acquisition would expand its presence in the Northwest, where it already operates 17 stores. The transaction is expected to close on Dec. 31.

Walmart’s ongoing investigation into bribery allegations was thrust into the spotlight again on Monday after the New York Times ran a lengthy piece detailing how an elaborate series of payments accelerated construction of a controversial store in Mexico City.

FORT WORTH, Texas — Global work wear brand Dickies has signed a new licensing agreement with R & S Sales Company, a leading developer and marketer of slippers and flip-flops in the U.S.

WATERBURY, Vt. — Green Mountain Coffee Roasters has implemented several changes to its board of directors.

GMCR has elected Norman H. Wesley as its new chairman of the board and appointed former Kellogg Company head A. D. “David” Mackay as an independent director. Michael J. Mardy, who had previously served as interim chairman, will continue in his role as audit committee chair.

FRAMINGHAM, Mass. — Staples plans to triple the size of its e-commerce and IT staff by 2014, and has unveiled a new Velocity Lab at Kendall Square in Cambridge, Mass., to kick off its accelerated online growth initiative.

BEAVERTON, Ore. — Nike has named Roger Wyett as its new VP of Action Sports. Wyett will oversee Nike brand’s skateboarding and snow businesses, as well as Hurley International LLC.

Sandy Bodecker, the current VP of Action Sports at Nike, will now work on special projects involving long-term product innovation. Additionally, Jim Calhoun, CEO of Converse, will report directly to Mark Parker, president and CEO of Nike.

CONSHOHOCKEN, Pa. — Ikea has received the green light from Merriam’s city council to go ahead with its Kansas City-area store.

Pending the land purchase, permits and demolition of on-site buildings, construction of Ikea Merriam can begin summer 2013, with the store opening fall 2014.

New York -- Dick's Sporting Goods said it has removed all guns from its store nearest to Newtown, Conn., and is suspending the sale of certain kinds of semi-automatic rifles from its chains nationwide.

In a statement, the retailer said the move was made out of respect for the victims and families of last week's Sandy Hook Elementary School shooting.