Events

New York -- President Bill Clinton and Macy’s CEO Terry Lundgren on Tuesday were honored as 2013 Fathers of the Year by the non-profit National Father's Day Council.

The awards were given at the group’s annual 72nd annual Father luncheon in New York City, with proceeds from the event benefitting Save the Children’s U.S. programs.

Retailers looking for insight into popular new products in the candy and snacks world can thank organizers of the Sweets & Snacks Expo for doing some heavy lifting.
 
A panel of experts at the 17th annual event sifted through hundreds of samples prior to the sold out trade show in Chicago and found eight worthy of the distinction of “Most Innovative New Product.”

Fitness and lifestyle brand Athleta is sponsoring this year's Esprit de She 5K and 10K races, designed exclusively for women, to be held Thursday, June 27, at the Koka Booth Amphitheatre in Cary, N.C., just 15 minutes from downtown Raleigh.

Athleta's mission to "celebrate and inspire women athletes of all levels" while outfitting them with apparel geared toward athletic pursuits that include yoga, Pilates, running, swimming and biking, is in line with the Esprit de She event.

Matthews, N.C. -- Family Dollar Stores names Brad Rogers as senior VP real estate. He replaces Keith Gehl, who retires from the company at the end of June.
   
Rogers joined Family Dollar in 1998 as a real estate manager with responsibility for new store development in North and South Carolina. Between 2006 and 2011, Rogers assumed greater roles with increased responsibilities, and in 2011, he was named VP real estate.

Bentonville, Ark. -- Wal-Mart Stores  held its annual shareholders meeting on Friday morning and the most noteworthy development at the event — aside from a $15 billion share repurchase authorization — was a surprise appearance and glowing comments by Hollywood heavyweight Tom Cruise.

Washington, D.C. -- Import volume at the nation’s major retail container ports is expected to increase 1.1% in June over the same month last year, reflecting modest growth expectations as retailers head toward the back-to-school and holiday seasons, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.



BENTONVILLE, Ark. — Walmart’s board of directors has given the company the green light to repurchase $15 billion of its shares, effective June 6, the company announced at its annual shareholders meeting. 

This program replaces the previous $15 billion program announced on June 3, 2011. As of June 6, the company had approximately $712 million remaining on the 2011 Authorization. Under the share repurchase program, repurchased shares are constructively retired and returned to unissued status.

Bentonville, Ark. -- Wal-Mart Stores Inc. announced a $15 billion share buyback program at its annual shareholder meeting on Friday. It also said it expects to generate $10 billion in global e-commerce sales by the end of the fiscal year.

The new buyback program replaces the previous $15 billion plan, which had about $712 million remaining under the 2011 authorization.