Department Store

Paris -- Carrefour, the second largest retailer in the world after Wal-Mart Stores, has selected French retailing veteran Georges Plassat, 62, as its next CEO and chairman.

New York City -- The Talbots is in buyout talks with the private-equity firm Sycamore Partners, according to the Boston Herald. The retailer signed a confidentiality agreement on Friday with the New York-based Sycamore, its second largest shareholder with 10% of the company, according to documents filed with the U.S. Securities and Exchange Commission, the report said.

HOFFMAN ESTATES, Ill. — Sears announced that it has partnered with H&R Block to launch a new website dedicated to helping consumers prepare for tax season. 

Walmart chief merchandising officer Duncan Mac Naughton was given additional responsibility for marketing on Friday, according to an internal company announcement that was obtained by Reuters. Citing the announcement, the news agency said chief marketing officer Stephen Quinn would report to Mac Naughton rather than U.S. stores division president and CEO Bill Simon as was the case previously. To read more click here.

JCPenney got a lot of love this week from investors and the media after the company’s senior leadership unveiled a simplified pricing and promotional strategy that sounded an awful lot like another well-known retailer’s success formula.

Mooresville, N.C. -- Lowe’s Cos. said Friday it has appointed Richard Dreiling, CEO and chairman of Dollar General Corp., to its board of directors. He will serve on the board’s audit and governance committees.

Dreiling has also served in corner-office positions for Duane Read, Longs Drug, Safeway and Vons.
 

NEW YORK — The second day of JCPenney’s launch event in New York City revealed the retailer’s long-term financial plans to generate profit and shareholder value while reinventing itself.

COO Mike Kramer outlined the company's financial outlook, including an enhanced profit formula derived from the simplified business model unveiled the day before, based on a new three-tier pricing strategy, newly organized promotions and an overhaul of the merchandise assortment.

New York City -- French retailer Carrefour is in advanced talks to replace its CEO, according to The New York Times.

The board of the company is talking with Georges Plassat to replace its current CEO, Lars Olofsson, the report said. Plassat is chief executive of Vivarte, the Paris-based owner of retail clothing chains and shoe stores including Kookai, Chevignon and Naf Naf.