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  • Signet Jewelers CEO resigns; names COO Mark Light as new chief

    Hamilton, Bermuda –- In a surprise announcement, Signet Jewelers Ltd., the largest jewelry retailer in the U.S., U.K. and Canada, said that its president and COO, Mark Light,  will take over as CEO on Nov. 1. He will replace Signet’s current chief, Michael Barnes, who is resigning from his position and from Signet's board of directors to "pursue opportunities closer to his home in Dallas," effective Oct. 31.  

  • Fuel cell provider touts Walmart deal

    Walmart’s sustainability efforts are benefitting fuel cell provider Plug Power Inc., which said a contract it secured with the retailer earlier this year has already been expanded.

    Plug Power said it received an order from Walmart for a seventh on site hydrogen fuel cell power solution branded as GenKey.

    Plug Power entered into a contract with Walmart back in February for six of its GenKey solutions consisting of GenDrive fuel cells, GenFuel infrastructure construction and hydrogen fuel supply and GenCare on-site maintenance.

  • Designer Shoe Warehouse in Canada debut with two stores

    Toronto -- Town Shoes Limited announced the opening of its first two DSW Designer Shoe Warehouse locations in Canada. DSW Designer Shoe Warehouse will open at Heartland Centre in Mississauga and Woodland Hills in Newmarket, Ontario, on Aug. 7.

    The two new Canadian retail locations, each approximately 20,000 sq. ft. will make them the largest shoe stores in the country.

  • Management shake-up at Signet Jewelers; Zale CEO Killion resigns

    Hamilton, Bermuda -- Signet Jewelers Ltd. on Tuesday announced that Theo Killion, CEO and president of its newly acquired Zale division, has resigned, effective July 31.

    Killion had been tapped to lead Zale as a separate division within the company, Signet said when the deal closed in late May. George Murray, Signet's current chief integration management officer, has been promoted to president of the Zale division and will succeed Killion upon his departure.

  • Signet completes acquisition of Zale Corp., creating jewelry Goliath in malls

    Hamilton, Bermuda -- It’s official: Signet Jewelers Ltd. has completed its acquisition of Zale Corporation for $21 per share in cash and a total consideration of $1.46 billion. Zale shareholders approved the acquisition by its longtime rival on May 29.

    With the deal completed, Signet now operates over 3,600 locations under the retail banners of Kay, Jared, and Zales in the United States; H.Samuel and Ernest Jones in the United Kingdom; and People's in Canada. Signet also now operates kiosks in the United States under the Piercing Pagoda banner.

  • Ex Fed chief Bernanke headlines NACDS event

    Former Federal Reserve chairman Ben Bernanke is scheduled to deliver a keynote address at the National Association of Chain Drug Stores (NACDS) Total Store Expo later this year.

    The trade group said Bernanke would participate in the business program at its Total Store Expo on August 24 in Boston. Bernanke served as chairman of the Federal Reserve from 2006 through 2014 and oversaw the central bank during one of the nation’s most tumultuous financial periods.

  • Seven new retailers for Alliance Town Center

    Fort Worth, Texas — Trademark Property Co. has announced multi-year leases for seven new tenants soon to open in Alliance Town Center in North Fort Worth, Texas.

  • Kellogg makes board changes

    Kellogg has elected Stephanie Burns, Ph.D., retired chairperson and CEO of Dow Corning Corporation, and La June Montgomery Tabron, president and CEO of the W.K. Kellogg Foundation, to the company’s board of directors.

    "Stephanie and La June bring a wealth of experience and leadership from both the business and the philanthropic sectors," said chairman Jim Jenness. "We are proud to welcome these forward-thinking innovators to our board."

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