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Corporate Governance

  • Perfumania Holdings appoints CMO

    New York -- Perfumania Holdings announced today the appointment of Linda G. Levy to senior VP and chief marketing officer, effective immediately. She was previously VP merchandise marketing for cosmetics and fragrances at Macy’s.

  • Walgreens appoints chief strategy officer

    Deerfield, Ill. -- Walgreens on Thursday announced the appointment of Brad Fluegel as senior VP and chief strategy officer. Fluegel will be responsible for corporate strategy, business development, project management and the corporate consulting team while also working on venture capital efforts.

    Fluegel joined Walgreens after previously serving as executive in residence at Health Evolution Partners. Before that he was EVP and chief strategy and external affairs officer of Wellpoint, a large health benefits company.

     

  • Starbucks opens first store in India

    Mumbai -- Starbucks Coffee Co. on Friday entered its 61st country with the opening of its first store in India, in a historic building in southern Mumbai. The store is owned and operated by Tata Starbucks Limited, the 50/50 joint venture between Starbucks and Tata Global Beverages Limited. The company plans to open two additional stores in Mumbai next week before launching in New Delhi in early 2013.

  • eBay delivers strong revenues in Q3

    SAN JOSE, Calif. — Revenue at eBay rose 15% to $3.4 billion for the third quarter ended Sept. 20 from the the same period last year. The company reported third quarter net income on a GAAP basis of $597 million, or 45 cents per diluted share, and non-GAAP net income of $718 million, or 55 cents per diluted share. GAAP and non-GAAP net income were up 22% and 14%, respectively, year over year due primarily to strong top-line growth.

  • Toys'R'Us extends layaway through December

    WAYNE, N.J. — Toys"R"Us has extended its free layaway program through Dec. 16. The program, announced in September, was originally slated to end on Oct. 31.

  • Macy's targets millenials with new brands

    NEW YORK — Macy's is hoping to entice the coveted 13- to 30-year-old market with the launch of its millenial initiative.

  • PepsiCo Europe CEO joins AutoZone board

    MEMPHIS, Tenn. — AutoZone has elected Enderson Guimaraes to its board of directors.

    Guimaraes is CEO of PepsiCo Europe, a role he assumed in September 2012, and is responsible for PepsiCo's food and beverage businesses in Continental Europe as well as the United Kingdom and sub-Sahara Africa. "

    Enderson's exceptional international operations experience will benefit AutoZone greatly. We are fortunate to have him as a new board member," said Bill Rhodes, chairman, president and CEO.

     

  • Ident decline drives down Supervalu sales in Q2

    MINNEAPOLIS — Supervalu reported a loss of $111 for its second quarter, compared with net income of $60 million in the year-earlier quarter.

    Revenue fell 4.6% to $8.04 billion in the quarter ended Sept. 8, from $8.43 billion in the year-earlier quarter. The decrease in net sales was blamed on both a decline in identical-store sales and the sale of a majority of the company’s gas stations, which had contributed $158 million in revenue in the second quarter last year.

  • Supervalu business optimization head assumes reins of wholesale business, too

    MINNEAPOLIS — Supervalu on Thursday morning announced it has named Janel Haugarth to lead its independent business organization, replacing Leon Bergmann, who has decided to leave the company.

  • ChannelAdvisor, Kabbage partner to help online retailers

    RESEARCH TRIANGLE PARK, N.C. — ChannelAdvisor, a provider of cloud-based e-commerce solutions that enable retailers to increase global sales, has partnered with Kabbage Inc., an online provider of working capital for small businesses, to offer ChannelAdvisor customers direct access to a new source of funding in time for the 2012 holiday season.

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