Strategy

PLEASANTON, Calif. — Safeway on Tuesday named Al Duran to the role of president of the company's Denver division. He replaces Scott Grimmett, who is leaving Safeway for an opportunity with a noncompeting food retailer, the company stated.

"Al's results-oriented leadership style and experience on both the retail and the marketing side of our business will serve him well in his new assignment," Safeway chairman, president and CEO Steve Burd said. "He is also a Colorado native and knows that market well."

Menomonee Falls, Wis. -- Kohl’s Corp. said Wednesday that it has expanded its partnership with Vera Wang Group to launch Princess Vera Wang, a junior collection that will be sold exclusively by Kohl’s beginning August 2012.

The line will be available both in-store and online.

ISSAQUAH, Wash. — Costco Wholesale reported that net sales for the first quarter of 2012 increased 13% to $21.18 billion from $18.82 billion during the first quarter of fiscal 2011. 

Total comps for the quarter increased 10%, which included a 10% increase in U.S. comps and an 11% increase in international comps.

Excluding the impact of fuel and strengthening foreign currencies, total comps for the quarter were up 7%, U.S. comps rose 6% and international comps rose 10%.

Bentonville, Ark. -- On Tuesday, the second day of its "12 Days of Giving" Facebook campaign, Walmart is awarding $125,000 to 17 nonprofits that are dedicated to building a brighter future for children across the country.

Over 12 consecutive days, the company will award a total of $1.5 million to 145 organizations in all 50 states, Washington, D.C., and Puerto Rico.

New York City -- Customers returning electronics products will cost U.S. consumer electronics retailers and manufacturers nearly $17 billion this year, an increase of 21% since 2007, according to a new Accenture research report. These costs include receiving, assessing, repairing, reboxing, restocking and reselling returned products.

SCOTTSDALE, Ariz. — Sears, a name that comes to mind when thinking of places to fix the car or shop for tools, will soon be associated with travel thanks to a new partnership with International Cruise & Excursions Inc. 

Minneapolis -- Best Buy says its third-quarter net income fell 29% $154 million, from $217 million in the year-ago period, worse than analysts had expected. The retailer’s profits were hurt by declining sales in some categories, plus a $150 million one-time charge associated with the planned closing of 11 big-box stores in the United Kingdom.

Total company revenue rose 1.7% to $12.1. Same store sales rose 0.3%.

New York City -- Wal-Mart Stores spent $1.49 million on lobbying in the third quarter on a wide range of issues including food safety, nutritional labeling and corporate tax reform, according to a recent disclosure report.

The total is the same as the $1.49 million the discounter spent in second quarter 2011.