Strategy

New York -- Despite continued weakness in the overall economy, middle and upper-class consumers appear to remain little affected by the downturn, as evidenced by Tiffany & Co.'s U.S. same-store sales growth of 9% during its fiscal fourth quarter. Worldwide sales were up 12% for the quarter.

Sharp Electronics Corp. has announced that Mark Viken has been named VP, marketing. He will report to John Herrington, president, Sharp Electronics Marketing Company of America.

In this position, Viken will oversee U.S. marketing of all Sharp consumer electronics products including appliances and health and environment-related products, as well as audio and video categories.

MISSISSAUGA, ONTARIO -- TB!S The Bargain Shop, a leading Canadian discount store chain, announced that Beryl Buley has been appointed president and CEO, effective immediately. Former president and CEO, Michael Roellinghoff, will assume the role of vice chairman of the board.

FAIRFIELD, Conn. -- The Stop & Shop Supermarket Company announced that, along with its sister Ahold USA supermarkets, $100,000 will be donated to the American Red Cross Earthquake and Pacific Tsunami Fund to support disaster relief efforts to help those affected by the earthquake and tsunami in Japan. Additionally, through Sunday, April 3, Stop & Shop said it will be collecting donations in all stores for the victims of the natural disasters in Japan on behalf of the American Red Cross Japan Earthquake and Pacific Tsunami Fund.

Deerfield, Ill. -- Walgreen Co. reported Tuesday that net income for the quarter ended Feb. 28 rose to $739 million, compared with $669 million in the year-ago period. However, gross profit margin remained flat at 28.8%, disappointing Wall Street, which expected more from the drugstore operator.

Revenue climbed 9% to $18.5 billion. Same-store sales and prescription sales each rose 4%.

Indianapolis -- MID Retail said Tuesday that Rue21 has selected its Advanced Allocation Software for Allocation and Store forecasting.

According to MID, its Advanced Allocation Software was designed to help multi-store, multi-SKU retailers increase accuracy, efficiency and profitability.

Orlando, Fla. -- Jones Lang LaSalle said Tuesday it has appointed Carson Good to lead the firm’s retail capital market business throughout Florida.

Boston -- Gordon Bros. Group said Tuesday it has named Leonard R. Polivy as managing director in the Retail Division.

Polivy began his jewelry career with Gordon Bros. in the mid-1980s and then went on to become president of a wholesale diamond company. He also held other management positions and worked on valuing and restructuring clients within the jewelry sector before returning to Gordon Bros. in 2009.

New York City -- ACI Worldwide, an international provider of payment systems, announced that it has acquired ISD Corp. to broaden the functionality of its payments solutions for retailers. ISD is a provider of secure payment management software and solutions for retailers in the United States and Canada.

With the addition of 140 customers from ISD, ACI now has more than 220 retailers worldwide running ACI payment systems.

Retailers’ growth plans in the United States are up 40% over last year’s levels, according to ChainLinks' Retail Advisors Spring 2011 National Retail Report. The report, which details trends impacting retail commercial real estate in more than 40 of the nation’s top markets, credits the surge in expansion to two key factors: the return of optimism within the retail sector; and the desire to expand quickly now -- before retail fundamentals improve enough for rents to start climbing again.