Vitamin Shoppe

Wayne, N.Y. -- Toys “R” Us CEO Antonio Urcelay has replaced Gerald Storch as chairman of the company. Urcelay, appointed interim CEO at Toys “R” Us in May 2013, was officially named chief executive in October.

Storch, who had previously served as CEO, is stepping down as chairman to dedicate more time to his consulting company, Storch Advisors, Toys “R” Us said in a filing with the Securities and Exchange Commission.

Antonio Urcelay has replaced Gerald Storch as chairman of Toys “R” Us and the retailer also named Richard Markee to its board.

North Bergen, N.J. – Vitamin Shoppe reported net income of $16.3 million during the third quarter of fiscal 2013, flat with the same quarter in the prior year. The retailer also reported a 14% increase in total net sales, to $272.5 million from $239 million, as well as a 2.6% jump in same-store sales.

Fremont, Calif. – The Men’s Wearhouse has appointed B. Michael Becker to its board of directors. Becker has served as a director at Vitamin Shoppe, Inc. since January 2008 and is chairman of its audit committee.

Becker spent his career as an audit partner for Ernst & Young LLP from 1979 until his retirement in 2006. He was a senior consultant on airline risks to Pay Pal, Inc. from August 2008 to November 2009.

The Men’s Wearhouse has appointed Vitamin Shoppe director B. Michael Becker to its board of directors. 

Becker has served as a director at Vitamin Shoppe since January 2008 and is chairman of its audit committee. He spent his career as an audit partner for Ernst & Young LLP from 1979 until his retirement in 2006. He was a senior consultant on airline risks to Pay Pal from August 2008 to November 2009.

Winson-Salem, N.C. – Krispy Kreme Doughnut Corporation has completed the sale of three company-owned stores in the Dallas market to Sun Life Holdings LLC as part of a broader agreement where Sun Holdings has agreed to develop 15 additional Krispy Kreme locations in the market during the next five years. Sun Holdings operates nearly 400 restaurants in Texas and Florida, including the Burger King, Popeye's, Arby's, CiCi's, Golden Corral and Del Taco brands. The company also operates 13 T-Mobile stores.

Winston-Salem, N.C. – Krispy Kreme Doughnut Corporation has entered into a letter of intent with an affiliate of Sun Holdings, LLC for the sale of three company-owned shops in Dallas, and for Sun Holdings' further development of the Dallas market. The sale of the stores is subject to conditions, including the execution of a definitive asset purchase agreement and a development agreement pursuant to which Sun Holdings would undertake the further development of new Krispy Kreme shops in Dallas.

Who needs a bank? Walmart and American Express have added a host of capabilities to the Bluebird financial service product they introduced last year as an alternative to debit and checking accounts.

New York -- American Express and Wal-Mart Stores announced Tuesday that they are expanding their reloadable prepaid card program, Bluebird, to include direct-deposit capabilities for government checks.

PANAMA CITY — U.S.-based Vitamin Shoppe has opened its first international franchised Vitamin Shoppe store in Panama City, via franchisee, Reprico. The retailer operates more than 600 retail locations across the United States.

"Our grandparents were pioneers in Pharmacy in Panama," said Marta Ferrer, director retail Stores for Reprico. "We are excited to open a store that can help people feel better and live healthier with the best quality products."