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Retail

  • Ingles Markets founder dies at 77

    ASHEVILLE, N.C. — Robert Ingle, the founder and CEO of regional supermarket chain Ingles Markets, died March 6, the company announced Monday. He was 77.

    The company's board of directors said Ingle will be succeeded by his son, Robert Ingle II, who has been Ingles chairman of the board since 2004.

    Ingle, who founded the business in 1963, served as CEO since the company was incorporated in 1965, as well as president from 1965 until 1982.

    Ingles Markets operates 203 supermarkets across six southeastern states.

  • Privalia acquires German online retailer Dress for Less

    London -- Online sales club Privalia Venta Directa, S.L. said Monday it will acquire Dress for Less, a German online fashion retailer, from Palamon Capital Partners, a pan-European private equity firm.
     
    The acquisition will be funded through a combination of $123 million of new equity provided by equity firms General Atlantic, Highland Capital Partners, Index Ventures and Insight Venture Partners.
     
    Dress for Less founders Mirco Schultis and Holger Hengstler will become significant shareholders in Privalia.

  • Cabela’s implements Reflexis Task Manager and StoreWalk

    Dedham, Mass. -- Workforce management solution-provider Reflexis Systems said Monday that Sidney, Neb.-based Cabela’s has implemented Reflexis Task Manager and StoreWalk to increase efficiency and improve the store-level execution of its retail strategy.
     
    The Reflexis cloud computing solutions, according to the company, enable retailers to streamline corporate-to-store communication, ensure consistent execution of in-store merchandising and promotional plans, and improve compliance with safety and operational policies.
     

  • Grocery continues to drive growth at Target

    Get used to that headline. Increased sales of food during the coming year are expected to contribute 1.5% to Target’s same-store sales growth as the company continues it aggressive PFresh remodeling program.

    Same-store sales in February advanced 1.8%, and the strongest performance came in the grocery category, where comps increased in the low teens while health care, beauty and other household essentials experienced gains in the mid-to-upper single-digit range. Also showing strength was the apparel category where comps increased in the low-to-mid single-digit range.

  • Guess names president of North America

    Los Angeles -- Guess announced Monday that it has appointed Nancy Shachtman as its president of North America, reporting to Paul Marciano, CEO and vice chairman.

    Shactman was previously president of Guess Inc. Wholesale. In her new position, she will oversee the North American retail operations for Guess and Guess by Marciano, as well as Guess Wholesale, including Mexico.

  • Report: American Eagle looking for new chief executive

    New York City -- American Eagle Outfitters is looking for a new chief executive, the Wall Street Journal reported.

    James O'Donnell, 70, has been CEO since 2003 and is said to be retiring, according to the report. Chairman Jay Schottenstein, a longtime retailer who also chairs the board of discount footwear chain DSW, is heading the board's search. Schottenstein was CEO of the company from 1992 to 2002.

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