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Trading Partners

  • Walmart makes example of seafood supplier

    Allegations of worker abuse prompted Walmart to suspend a small seafood supplier earlier this week pending the outcome of an investigation, according to a Reuters report.

  • Fate of mom-and-pop at center of Indian investment debate

    The rhetoric over allowing foreign direct investment in India is reminiscent of the rhetoric that would have occurred in the United States 30 years ago had Walmart’s critics knew then what they profess to know now.

  • Office Depot exec joins Underwriters Laboratories

    Dennis Cohen was named VP and general manager of the responsible sourcing unit of global product safety company Underwriters Laboratories.

    Cohen spent the past 14 years at Office Depot, most recently serving as senior director of private brand operations and global sourcing. In that capacity, Cohen directed five departments and was responsible for the strategy development and operational execution of Office Depot’s $3.5 billion private brand business. He also served as director of supply chain transportation and logistics at Office Depot.

  • Report: No buyout offer by Best Buy founder coming soon

    New York -- Best Buy’s founder and former chairman Richard Schulze is not expected to present a buyout or other proposal to the company's board anytime soon, Reuters reported, citing a person familiar to the situation.

    Schulze owns more than 20% of the company’s shares. He abruptly resigned from the Best Buy board last June and said he was exploring options for his ownership stake. The company’s shares have risen lately on speculation that Schulze close to presenting a buyout offer.

  • Two down, two to go at Tuesday Morning

    DALLAS — Steven Becker and Richard Willis are the newest members of the Tuesday Morning board of directors with two more directors expected to be named in the coming months.

  • Bed, Bath & Beyond tender offer for Cost Plus shares is successful

    Union, N.J. -- Bed Bath & Beyond Inc. announced that its tender offer for the outstanding shares of common stock of Cost Plus was successful.

    The company said Friday that about 20.8 million shares representing about 92% of Cost Plus' outstanding stock were tendered. The company currently has approximately 22.5 million outstanding shares, according to FactSet.

    Cost Plus will become a Bed Bath & Beyond subsidiary and will stop trading on the Nasdaq the first business day after the deal closes.

  • Denny's makes Dominican Republic, airport debuts

    Spartanburg, S.C. -- Denny's Corp. said Wednesday that it has opened its first restaurant in the Dominican Republic as part of a development agreement with Grupo Nahas, which owns and operates the Intercontinental Hotel and Holiday Inn, among others, in Santo Domingo. 

    Located in the Food Court of the Las Americas International Airport in Santo Domingo, the new restaurant represents Denny's first airport location worldwide.

  • Target donates $15K for flood relief

    MINNEAPOLIS — Target has donated $15,000 in monetary support and product to assist with Duluth flood relief efforts. A $10,000 cash donation was given to the American Red Cross Northland Chapter to support their response efforts. An additional $5,000 in gift cards will be donated to local nonprofit organizations for essentials such as water and food.

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