Corporate Governance

NEW YORK — Macy's announced that it is celebrating Black History Month this February by honoring the 100th anniversary of the birth of artist Romare Bearden.

HOFFMAN ESTATES, Ill. — Sears announced that it has partnered with H&R Block to launch a new website dedicated to helping consumers prepare for tax season. 

NEW YORK — Barnes & Noble has announced that it will celebrate Black History Month with special events and promotions recognizing the significant contributions by African-Americans to the world’s social, political and economic development. Throughout February, Barnes & Noble stores will host Storytime events, promotions and celebrity appearances in stores and online at Barnes & Noble.com (www.bn.com).

ORLANDO, Fla. — The Food Marketing Institute on Monday honored three supermarket executives for their achievements in the industry during FMI’s Midwinter Executive Conference here, the association announced.

The appointment of 16-year Target veteran John Mulligan as the company’s new CFO makes a lot of sense as Target will benefit from continuity of leadership in its finance department.

Target stores in Canada will have pharmacies, but the company will employ a franchise operating model as opposed to direct ownership as is the case in the United States.

The company said it plans to operate pharmacies in as many of its stores in Canada as possible and will begin its search for pharmacist franchise owners in March.

Minneapolis -- Target on Monday announced it will seek independent pharmacists to own and operate the pharmacies in its stores in Canada. The chain said it will utilize a pharmacy franchise model for its stores north of the border, the first of which will open in March/April 2013. The strategy is different than in the United States, where Target operates its own in-store pharmacies.

New York City -- The Talbots is in buyout talks with the private-equity firm Sycamore Partners, according to the Boston Herald. The retailer signed a confidentiality agreement on Friday with the New York-based Sycamore, its second largest shareholder with 10% of the company, according to documents filed with the U.S. Securities and Exchange Commission, the report said.

Deerfield, Ill. -- Walgreens will acquire the prescription files and inventory from 33 Kmart pharmacies in 16 states.

Walgreens will purchase the pharmacy patient files and transfer them to nearby Walgreens pharmacies. Patients whose prescription files are being transferred and who have had a prescription filled within the last two years will be notified by letter once the transaction has been completed later in February.
 

Pleasanton, Calif. -- Safeway Inc. named Lori Raya as president of its Vons division.

In her most recent position as senior VP, Main Meal, Raya had responsibility for the company's largest portfolio of center-store business units including ingredients, beverages and snacks.