Trading Partners

Deerfield, Ill. -- Walgreens on Tuesday announced several new senior management roles, including an expanded role for CFO Wade Miquelon and the appointment of current senior VP and chief strategy officer Robert Zimmerman as the lead executive responsible for the Walgreens-Alliance Boots' "synergy team." Succeeding Zimmerman as chief strategy officer will be Brad Fluegel.

Deerfield, Ill. -- Walgreens announced Tuesday several senior-management shifts intended to capitalize on its new partnership with Swiss drugstore chain Alliance Boots.

CFO Wade Miquelon is assuming an expanded and global leadership role at Walgreens as executive VP/CFO and president, international, leading a newly named Value Creation Services and International Division.

Foothill Ranch, Colo. -- The Clinton Group Inc., a 7% shareholder in Wet Seal, made a formal request on Monday to replace most of the retailer’s current board of directors.

Morrisville, N.C. -- Lowe’s Cos. Inc. said Monday it has withdrawn its bid to purchase Canadian home-improvement retailer Rona Inc.

The $1.86 billion unsolicited acquisition proposal had earlier been rejected by Quebec-based Rona, which said the offer was not the best deal for its shareholders. The proposal generated discord among Rona’s dealer companies, many of whom threatened to sever their ties with Rona should Lowe’s succeed in its acquisition attempt.

All Walmart and Sam’s Club merchants can expect to have a portion of their compensation tied to the achievement of live better sustainability goals in 2013 as part of what president and CEO Mike Duke called an unwavering commitment to sustainability.

OAK BROOK, Ill. — Ace Hardware Corp. has reported substantial growth and expansion in priority markets across the country.

“Our aggressive, long-term growth strategy features a total package of resources and support to ensure a successful future for our retailers,” said Mike Berschauer, director, retail development for Ace Hardware. “After a prosperous second quarter focused on store activations and conversions, Ace is on-track to achieve its goal of opening 170 new domestic stores in 2012.”
 

New Delhi, India -- India’s government said Thursday that it has OK’d plans to permit foreign retailers to open stores that sell more than one brand, paving the way for retailers such as Wal-Mart Stores and Carrefour SA to expand their presence in the country.

The approved plan calls for overseas companies to put half of their investment in infrastructure such as processing, manufacturing, storage, warehouses and packaging.

Cincinnati -- The Kroger Co. said Thursday it will increase its quarterly dividend by 30% to 15 cents per share, payable Dec. 1.

The grocer said the move is prompted by a strong confidence in its business strategy.
 

Seattle -- It’s official: Nordstrom is expanding into Canada. The department store chain on Thursday announced that it will open its first full-line stores in Canada, starting in fall 2014. It named veteran Nordstrom executive Karen McKibbin, most recently VP president and regional manager of Northern California and Hawaii, as president of Nordstrom Canada.

Nordstrom said is partnering with commercial real estate company Cadillac Fairview Corporation Limited to lease four stores at shopping centers in Calgary, Ottawa, Toronto, and Vancouver.

Pittsburgh -- American Eagle Outfitters Inc. said Wednesday that its board declared a special cash dividend of $1.50 and a regular quarterly dividend of 11 cents.

The retailer said the total cash dividend of $1.61 will be paid on Oct. 10 to shareholders of record as of Sept. 26.

American Eagle said the dividends are part of its cash strategy to invest in the company, while still returning profits to its shareholders.