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  • One shareholder proposal draws considerable support

    All of the proposals voted on at Walmart’s shareholders’ meeting last Friday were defeated, but the official tally of results filed with the Securities and Exchange Commission last night revealed one proposal that drew a surprisingly large number of votes.

  • Block opens management office in Atlanta

    Kansas City, Mo. -- Block Real Estate Services said it has opened an office in Atlanta, to provide asset, property, and construction management services to its current portfolio of commercial properties located in the Atlanta-metropolitan area.

    Bert Calvert will oversee the operations for BRES in Atlanta.  
     

  • Report: Petco acquires Complete Petmart chain

    Dayton, Ohio -- A report Wednesday by the Business Courier said that Petco has purchased a 29-store Complete Petmart chain, based in Dayton, Ohio.

    Financial terms of the purchase were not disclosed. San Diego, Calif.-based Petco said all of the chain's 230 employees will become employees of privately held Petco Animal Supplies.

    Petco said it will be making changes to the former Complete Petmart store layouts over the next few weeks.

  • Talbots names SVP stores

    HINGHAM, Mass. — Talbots announced that it has named Lesli Gilbert SVP stores, effective June 27. In this role, Gilbert will be responsible for overseeing all aspects of Talbots core retail operations in the United States and Canada, as well as supporting the implementation of the company’s store reimage and rationalization programs. She will report directly to Trudy Sullivan, president and CEO of the Talbots.

  • Talbots names senior VP of stores

    Hingham, Mass. -- The Talbots said Thursday it has named Lesli Gilbert as senior VP stores, effective June 27.

    Gilbert will be responsible for overseeing all aspects of Talbots core retail operations in the United States and Canada, as well as supporting the implementation of the company’s store reimage and rationalization programs. She will report to president and CEO Trudy F. Sullivan.

    Gilbert was most recently regional VP East for T-Mobile USA, and, prior to that, was senior director of sales and customer experience at Gap.

  • What you need to know about working with Walmart

    With a topic of “Building stronger relationships with Walmart,” the room should be packed with suppliers next week when Walmart SVP Laura Phillips takes the stage at the Doing Business in Bentonville speaker series. The event will be held from 7 a.m. to 9 a.m. on Wednesday, June 15 at the John Q. Hammons Center in Rogers, Ark. Click here for more information.

  • Village Super Market profit plummets in Q3 on charge

    Springfield, N.J. -- Village Super Market reported Thursday that net income for the third quarter dropped 68% to $1.7 million, primarily due to a $4.2 million charge for the withdrawal liability from a multi-employer pension plan.

    Sales grew 5.2% to $316.2 million. Same-store sales increased 4.8%.

  • Borders faced with closing 51 more stores

    Ann Arbor, Mich. -- Borders Group said Thursday that it is faced with closing dozens of its best-performing stores due to a requirement of its bankruptcy financing if their landlords don't agree to extend a lease-negotiation period.

    Borders, which filed for bankruptcy protection in February, has extension agreements for 365 stores. But the book seller said in a court filing Thursday that it is still negotiating extensions for 51 stores, many of which are among its top-selling stores, including one near Penn Station in New York.

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