Strategy

New York — Last-minute holiday shoppers will have some help from Macy’s this year, as the retailer plans keep most of its stores open 48 hours straight the weekend before Christmas, from 7 a.m. Dec. 21 through 7 a.m. on Dec. 23.

The 48-hour shopping marathon coincides with Macy’s final scheduled One-Day Sale of the year, which concludes at 7 a.m., Dec. 23. While the sale ends Sunday morning, 57 stores will remain open 24 hours or offer extended late hours until close on Christmas Eve.

New York — Verizon Communications has elected Kathryn A. Tesija, EVP merchandising and supply chain at Target to the Verizon board of directors, effective immediately.

"Kathee Tesija brings to Verizon her valuable consumer insight as well as significant experience in managing the complex, large-scale, global retail functions of merchandising and supply chain," said Lowell C. McAdam, Verizon chairman and CEO.

The addition of Tesija brings Verizon's total board membership to 12.

New York -- Dick’s Sporting goods will pay $2 special dividend before year end in a move to help investors avoid what are presumed to be higher dividend tax rates in 2013 and beyond.

The dividend payment will be made from cash on hand, according to the company.

New York -- Mooresville, N.C.-based Lowe’s is telling investors and analysts that changes are in the works, a message it has delivered steadily over the last several quarters.

Chicago -- Claire's Stores Inc. announced the recent opening of the first Claire's stores in China, in DaNing Life Hub in Shanghai. The company’s second China store will open on Dec. 7, in Grand Gateway Mall in Shanghai.

Claire’s has entered China on an owned and operated basis and has established a new division based in Shanghai.

Minneapolis -- Sprouts Farmers Market has installed enterprise asset management software from Verisae to support the company’s aggressive growth strategy.

The grocery retailer, which recently acquired Sunflower Farmers Market, recently implemented core modules of the Verisae connected facility platform; enterprise asset management (EAM), enterprise refrigerant management (ERM) and enterprise asset purchasing (EAP) solutions.

Burlington, Mass. -- Demandware announced Ethan Allen Interiors will leverage the Demandware Commerce platform as the digital foundation of its global expansion strategy.

Ethan Allen recently launched its first site on the Demandware platform in Canada to coincide with the grand opening of its first Design Center in Montreal. Ethan Allen plans to re-launch its U.S. e-commerce site with Demandware in 2013 in addition to site launches in other countries, including Europe, to support its new design center in Brussels.

New York -- Starbucks Coffee Co. is moving ahead full-steam. The company on Wednesday announced accelerated global growth plans that include opening at least 1,500 stores in the United States during the next five years. Including Canada and South America in the mix, Starbucks expects to add a total of 3,000 new locations in its Americas region — and renovate thousands more — by 2017.

GOODLETTSVILLE, Tenn. — Dollar General has elected Sandy Cochran, president and CEO of Cracker Barrel Old Country Store, to its board of directors, effective December 5.

“We are excited to add Sandy to the Dollar General board of directors,” said Rick Dreiling, Dollar General’s chairman and CEO. “Sandy’s extensive experience and perspective will provide us with valuable insights as we continue to grow our business. Her expertise will complement our board as we strive to build shareholder value.”