Strategy

Addison, Texas -- Coyote Management announced the formation of a new marketing solutions company called Coyote Creative.

With the addition of the new company, the mall owner and manager has expanded its services to include marketing solutions to individual companies, regional malls, lifestyle projects and open-air shopping centers.

The new company will be headed by Kymberley Scalia, corporate director of marketing, and Lindsey Willis, marketing coordinator.
 

Naperville, Ill. -- OfficeMax said Friday that its executive VP and chief merchandising office Ryan Vero has resigned, effective Dec. 2.

Michael Lewis, executive VP and president of retail, will continue to provide oversight to the marketing and merchandising teams, according to OfficeMax.

OfficeMax said it is initiating a search for a chief merchandising officer immediately.
 

NAPERVILLE, Ill. — OfficeMax Friday announced that Ryan Vero, EVP and chief merchandising officer will be leaving the company effective Dec. 2. The company, which did not specify the reason for Vero's departure, said it has already started its search for a replacement. Michael Lewis, EVP and president of retail, will continue to provide oversight to the marketing and merchandising teams.

SALISBURY, N.C. — Food Lion announced that this year's fundraising campaign to benefit Children's Miracle Network Hospitals totaled $4.2 million.

This year's donation represents a 43% increase over last year, Food Lion said. The supermarket chain, which has supported CMN Hospitals since 1991, has raised more than $40 million for the organization.

Houston -- Cardtronics announced that its wholly owned subsidiary, Cardtronics Canada acquired Mr. Cash ATM Network, Lethbridge, Alberta.

The acquisition expands Cardtronics’ international presence into Canada. Financial terms of the acquisition were not disclosed.

Economists may be feeling good after a government report that showed third-quarter GDP grew at 2.5%, but try telling millions of Americans who shop at Walmart stores at 12:01 a.m. on the first of the month that the nation is no longer in a recession.

Boston -- Grossman Development Group said Friday that Mark Hebert has joined the company as VP development. 

Hebert was previously project development manager for WS Development. Prior to WS, Hebert spent nearly 10 years at BJ’s Wholesale Club, starting as a store planner and becoming a site development manager.
 

Columbus, Ohio -- Limited Brands, parent to Victoria's Secret, Pink, Bath & Body Works, La Senza and Henri Bendel, said Thursday it will buy back up to $250 million of its shares.

The new share repurchase program follows the completion of a $500 million share repurchase program. So far this year, Limited has repurchased $1.1 billion worth of its stock.