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Strategy

  • Tiffany CEO's 2010 pay package upped to $7.1 million

    New York City -- Tiffany & Co. CEO Michael Kowalski received a pay package worth nearly $7.1 million for 2010, a 13% increase over 2009, according to a report by the Associated Press.

    A Securities and Exchange Commission filing on Friday showed that Michael J. Kowalski, 59, received a base salary of $958,957 and a performance-based bonus of nearly $1.6 million.
     
    The bulk of his award came in the form of stock and option grants worth $4.4 million when they were granted.

  • New head marketer named at Scotts Miracle-Gro

    MARYSVILLE, Ohio  -- The Scotts Miracle-Gro announced that Jim Lyski has been named EVP and chief marketing officer, reporting to ScottsMiracle-Gro president Barry Sanders.

  • Kroger swimming with the sustainable seafood stream

    CINCINNATI -- Kroger announced that it has set a 2015 goal of sourcing 100% of its top 20 wild-caught seafood species from sources certified by the Marine Stewardship Council, in full assessment, or involved in a Fishery Improvement Project with World Wildlife Fund.

  • Judge allows gay rights group to protest outside Target

    New York City -- A judge ruled Thursday that a San Diego pro-gay marriage group can continue canvassing outside of Target stores in California, the Associated Press reported. However, protestors must stay 30 ft. away from store entrances and canvass at just one entrance at a time.

    The retailer had sought an injunction barring the activists from every outlet in the state, alleging they harass customers by cornering them near store entrances to discuss gay marriage, solicit donations and collect signatures on petitions.

  • Buckle CFO to depart in 2012

    Kearney, Neb. -- The Buckle announced Thursday that its CFO will step down by February 2012.

    Giving no reason for the planned departure, the teen retailer said that CFO Karen Rhoads will continue in her position through the completion of the fiscal year, which ends Jan. 28, 2012, unless a new CFO is found before then.

    The company said Rhoads plans to continue to serve on the board of directors.

  • Bed Bath & Beyond's Q4 profit up 25%, to open 45 stores

    Union, N.J. -- Bed Bath & Beyond reported Wednesday that profit for the fourth quarter ended Feb. 26 rose 25% to $283.5 million, compared with $226 million a year earlier.

    The company, which forecast earnings growth for the current year that would beat Wall Street estimates, also said it expects to open 45 new stores this year across its banners , which also include Christmas Tree Shops and buybuy Baby, and expects to continue renovating and relocating existing stores.

  • Meijer wraps itself in exclusive apron deal

    WEST BLOOMFIELD, Mich. -- Meijer is now selling an exclusive line of aprons for the kitchen and garden. The line was created by Crypton, a manufacturer of eco-friendly fabrics, in partnership with television host and author, Katie Brown.

    The "Katie Brown Simply at Meijer" line is available at all Meijer's stores and at meijer.com.

  • Harris Poll ranks Target as Value Retail Brand of the Year

    New York City -- A poll released Thursday by Harris Interactive named Target Corp. as its Value Retail Brand of the Year.

    According to the 2011 Harris Poll EquiTrend Study, Target has the strongest consumer brand equity among retail brands. Overall, awards are given in each of 46 different categories.

    This is the second consecutive year Target has led the way in the Value Retail category, with the gap between runner-up Wal-Mart increasing.  

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