Strategy

Shanghai, China -- Mattel announced Monday that it has closed its much-acclaimed Barbie flagship store, which opened March 2009 in Shanghai.

The El Segundo, Calif.-based toy manufacturer, which officially closed the store’s doors on Monday, cited a change in strategy as reason for the closure. Mattel said in a statement that it plans to promote the Barbie brand via road tour -- on a pink tour bus.

Los Angeles -- Guess announced Monday that it has appointed Nancy Shachtman as its president of North America, reporting to Paul Marciano, CEO and vice chairman.

Shactman was previously president of Guess Inc. Wholesale. In her new position, she will oversee the North American retail operations for Guess and Guess by Marciano, as well as Guess Wholesale, including Mexico.

Asheville, N.C. -- Ingles Markets announced Monday that its founder and CEO Robert P. Ingle died on Sunday at age 77.

Ingle founded the company in 1965 and served as chairman of the board from 1965 until May 2004 and thereafter has served as a director. He has served as CEO since 1965, and president from 1965 until 1982.

His son Robert P. Ingle II has been named his successor.
 

Seattle -- Electric transportation technology provider ECOtality said Monday that it has partnered with grocer Fred Meyer, a division of The Kroger Co., to install car-charging stations at select stores in Oregon and Washington.

The Blink Level 2 Electric Vehicle Commercial Pedestal Charging Stations will also be installed on major transportation corridors between Seattle store locations and the United States border with Canada.

The deal makes Fred Meyer ECOtality’s first food retail partner in the Northwest.

London -- Online sales club Privalia Venta Directa, S.L. said Monday it will acquire Dress for Less, a German online fashion retailer, from Palamon Capital Partners, a pan-European private equity firm.
 
The acquisition will be funded through a combination of $123 million of new equity provided by equity firms General Atlantic, Highland Capital Partners, Index Ventures and Insight Venture Partners.
 
Dress for Less founders Mirco Schultis and Holger Hengstler will become significant shareholders in Privalia.

IRVINGTON, N.Y. — Prestige Brands on Friday named Paul Hennessey VP operations.

“[Hennessey’s] background in over-the-counter consumer products is a terrific match for our company,” stated Prestige president and CEO Matthew Mannelly. “As we continue to grow and become even more customer and consumer focused in OTC, [Hennessey’s] leadership skills and extensive experience in supply chain manufacturing will serve our brands and our company well."

HOFFMAN ESTATES, Ill. -- Sears Holdings has joined other retailers, including Barnes & Noble, in inviting Amazon.com affiliates to work with it following Amazon's response to recent legislation related to collected taxes on e-commerce purchases.

WASHINGTON -- The National Retail Federation announced that it welcomed the House of Representatives' vote to repeal a provision in last year’s healthcare reform law that would widely expand the number of IRS 1099 tax forms businesses would be required to file.

NEW YORK — EcoTools, an earth-friendly bath and beauty products brand, has made its way to Walmart.

Last month, a variety of EcoTools cosmetic brushes lined the shelves of Walmart stores throughout the country. EcoTools also introduced the EcoTools everyday collection 6-piece brush set exclusively at Walmart. The collection, which comes in a hemp case, includes an angled blush brush, an angle eyeliner brush, concealer brush, eye shading brush and detailer/lip brush. The 6-piece set retails for $10.98.

The unemployment rate dipped from 9.0% in January to 8.9% in February, according to data released Friday morning by the Bureau of Labor Statistics.

Construction employment grew by 33,000 in February, following a decline of 22,000 in January that may have reflected severe winter weather, according to the bureau. Within construction, specialty trade contractors accounted for the bulk of the February job gain (+28,000).