Strategy

Bentonville, Ark. -- Wal-Mart Stores on Tuesday denied reports by a Santiago, Chile, newspaper that it would consider opening banks in Chile and Argentina.

The reports are “completely untrue,” Wal-Mart spokesman Kevin Gardner told Bloomberg in an e-mailed response to questions.

Woonsocket, R.I. -- CVS Caremark said Tuesday that it has appointed its two highest ranking retail executives to jointly lead the company’s CVS/pharmacy business, effectively immediately.

Mike Bloom, executive VP merchandising and supply chain, and Scott Baker, executive VP internal operations and real estate, will jointly manage the chain’s retail business until CVS completes its search for a new president.

AMSTERDAM — Former Ahold senior executive Albert Heijn, who helped lead the overhaul of the Dutch-based supermarket giant in the 1960s and 1970s, died peacefully last week at his home in the United Kingdom, the company announced. He was 83.

New York City -- J. Crew Group received no rival bid during a solicitation period and will stick with its nearly $3 billion buyout offer made by two private equity firms in November, according to Reuters. J. Crew agreed in November to be taken private by the two firms. It was able to solicit higher bids until Saturday.

LIBERTYVILLE, Ill.  -- Motorola Mobility Holdings has announced the appointment of Jeanne Jackson, president of direct-to-consumer for Nike, to the company's board of directors effective immediately.

"We are pleased to welcome Jeanne to our board and look forward to benefiting from her extensive retail industry knowledge and experience," said Sanjay Jha, chairman and CEO of Motorola Mobility. "Jeanne's background and insight will prove invaluable to Motorola Mobility as we continue to position the company for future growth and success."

New York City -- The shareholders of South African Massmart chain have overwhelmingly accepted Wal-Mart's offer to buy 51% of their company, the chief executive said Monday, paving the way for Wal-Mart to enter Africa.

Massmart said the proposal was approved by 97% of shareholders who voted Monday -- 75% approval had been needed. Wal-Mart offered 148 rand (about $20) per share in a 17 billion rand (about $2 billion) deal.

The deal will have to be approved by South Africa's anti-monopoly regulators.

DEERFIELD, Ill. — Walgreens announced several executive appointments Monday, which included naming a former United Airlines executive to the post of chief customer experience officer.

MATTHEWS, N.C. -- Family Dollar Stores announced that it has named Paul White to the position of SVP apparel, home and seasonal.  White will report to Dorlisa Flur, EVP and chief merchandising officer.