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  • Macy's Terry Lundgren joins P&G Board

    New York  -- Procter & Gamble named Macy’s chairman, president and CEO Terry Lundgren as the newest member of its board of directors.

    Lundgren fills a position vacated by current P&G director Johnathan Rodgers who is not seeking re-election when P&G’s holds its annual shareholder meeting in October.

  • LAST CALL: Retail Store of the Year Design Competition

    New York -- Due to the holiday rush and related closings, Chain Store Age extended the deadline for its 31st annual Retail Store of the Year Design Competition until Tuesday, January 8, 2013. Eligible projects are those completed between November 2011 and December 2012.

    More than 20 categories are featured, ranging from supermarkets and discount/mass merchants to specialty stores and pop-up stores. Entries may be submitted by retailers, designers, architects or suppliers.

  • Sears CEO stepping down; Lampert taking reins

    New York -- In a surprise move, Sears Holdings Corp. announced that CEO Louis J. D'Ambrosio will step down as CEO, effective Feb. 2, for family health reasons. D'Ambrosio will be replaced by the company's chairman and its largest shareholder, Edward Lampert.

  • Target touts expanded price match policy

    Online prices are now part of Target’s "low price promise" following an adjustment to the three year old price matching program.

  • Target unveils year-round price match of online retailers

    Minneapolis -- Target Corp. said Tuesday it plans to price-match top online retailers year-round, including Amazon.com, Walmart.com, BestBuy.com and Toysrus.com (including Babiesrus.com).

    Target stores will also price-match items found on Target.com, the company said.

  • Former Best Buy CMO moves over to LivingSocial

    Washington, D.C. -- Online marketplace LivingSocial said Tuesday that former Best Buy EVP and CMO Barry Judge has been appointed its new chief marketing officer.

    Judge is charged with extending LivingSocial’s leadership in the local commerce space by overseeing online and offline advertising, brand management, social media and communications.
     
    Judge first joined Best Buy in 1999 to help the company launch Bestbuy.com.

     

  • Gymboree names former Gap exec as CEO

    San Francisco -- Gymboree Corp. announced Tuesday that it has appointed Mark Breitbard as CEO, effective Jan. 14. Breitbard joins Gymboree from Gap Inc., where he was president of Gap North America.

    He also has served as EVP of GapKids and babyGap.

    Breitbard succeeds interim CEO Kip M. Garcia, who will resume his former duties as president. Garcia stepped in when former CEO Matthew McCauley resigned last September.

    Interim COO Yvonne Hao will return to her role as an operating partner at Bain Capital.

     

  • New brand to debut at Banana Republic

    Shoppers looking for apparel inspired by the summer sophistication of the Hamptons will want to head to the Banana Republic this spring.

    The Banana Republic division of Gap has teamed up with designer Michelle Smith to introduce a 60 piece collection of her signature Milly brand that includes women’s apparel and Smith’s first foray into the menswear category. Beginning in May, the products will be available in an unidentified number of Banana Republic’s 600 stores and online. The products will be featured in June promotional materials.

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