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Strategy

  • Former Target exec joins logistics company

    SANTA FE SPRINGS, Calif. — Weber Logistics, a third party logistics company in the Western United States, has named former Target human resources manager, Sheila Jordan, as its new VP human resources. Jordan will report to Weber’s CEO, Harry Drajpuch, and be responsible for all human resource-related activities, including hiring, training, associate development and administration, for employees across Weber’s 17 distribution centers and freight terminals.

  • Ikea launches construction on its largest North American store

    Ontario -- Ikea said Tuesday that it has begun construction on the expansion of its current Montreal store to what will be its largest store in North America.

    Set to be complete summer 2013, the new Ikea Montreal will be 469, 694 sq. ft. and will feature expanded inventory and services such as a 600-seat restaurant and 1,400+ parking spots.

  • Study: Retail employee turnover increasing

    Philadelphia -- Management consulting firm Hay Group reported Tuesday that employee turnover levels in the retail industry are on the rise.

    According to a new survey from Hay Group, an improving job market and solid first quarter sales are impacting turnover. Retailers report a median turnover rate of 67% for part-time store workers, a 33% increase over 2011. One in five retailers report that they have experienced more turnover in the first part of 2012.

  • Walgreens finalizes BioScrip deal

    Deerfield, Ill. -- Walgreens on Monday announced it has completed its acquisition of certain assets of BioScrip’s community specialty pharmacies and centralized specialty and mail-service pharmacy businesses. The transaction represents a total deal value of approximately $225 million.

  • Seasoned apparel exec named CEO of Kellwood Company

    NEW YORK — Apparel manufacturer Kellwood Company has named Jill Granoff as CEO. Granoff brings a vast knowledge of the fashion industry and retailing to the position with over 20 years of brand building and executive leadership experience.

  • B&Q deploys SAP’s forecasting and replenishment application

    Eastleigh, United Kingdom -- SAP AG announced that British multinational home-improvement retailing company B&Q has gone live with the SAP Forecasting and Replenishment application. The deployment is part of the chain’s "Project Clover" business transformation program.

  • Barneys gets new owner in debt-for-equity swap

    New York -- Barneys New York said that it has reached an agreement with its largest lender, Perry Capital and other lenders to significantly reduce the retailer’s debt and improve its capital structure. Under the arrangement, Perry Capital has become the majority owner of Barneys. Under a debt-for-equity swap with Perry Capital, as well as other lenders, Ron Burkle's Yucaipa Cos and current owner Istithmar World, the chain's long-term debt will fall to $50 million from $590 million. The deal makes Perry Capital the majority owner of Barneys.

  • Hannaford Bros. expands use of Kronos workforce management solutions

    Chelmsford, Mass. -- Hannaford Bros. Co., the second-largest New England-based supermarket chain, has enhanced its workforce management suite of solutions from Kronos Inc.

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