Mass Merchant

Columbus, Ohio - The Affiliated Business Group (ABG), a division of DSW Inc., will exclusively supply the footwear departments of all U.S. Loehmann’s stores and the loehmanns.com e-commerce site. The initial rollout of the news arrangement is expected to commence in a few stores starting December, 013 with the balance of the chain and e-commerce launching in the first quarter of 2014. ABG will plan, procure, and deliver the entire women's and men's footwear inventory, while Loehmann’s will provide staffing for the shoe departments.

Walmart said the head of its Indian operations left the company this week and named Ramnik Narsey, SVP of Walmart International, to serve as the interim leader for the company’s Indian business. To read more click here.

ENGLEWOOD, Colo. — Sports Authority has appointed Michael Foss as the company’s new CEO, following Darrell Webb’s announcement that he is retiring as CEO and chairman of the board. 

WASHINGTON — Shop.org has elected six new members to its board of directors and re-elected three. Each member will serve a two-year term. 

The new members are Elaine Boltz, SVP of e-commerce, the TJX companies; Jill Braff, EVP of digital commerce, HSNi, Ivy Chin, SVP of e-commerce and omnichannel digital, Belk; Jason Goldberg, VP of commerce strategy, Razorfish; Kasey Lobaugh, principal and chief retail innovation officer, Deloitte Consulting; and Matthew Kaness, chief strategy officer, Urban Outfitters.

Union, N.J. – Bed, Bath & Beyond Inc. reported positive financial results for the first quarter of fiscal 2013. Although net earnings fell from $206.8 million to $202.5 million, net earnings per diluted share increased roughly 4.5% from $0.89 to $0.93.

Englewood, Colo. – Michael Foss has been named CEO of The Sports Authority Inc. He replaced outgoing CEO Darrell Webb, who is retiring both as the company’s chief executive and chairman of the board.

Foss, a member of the board of directors of The Sports Authority since 2009, most recently served as executive VP and CFO at Petco Animal Supplies and as CFO of Circuit City Stores before that. He has 30 years of executive experience across a variety of verticals including retail.

Paula Deen fell from grace this week faster than a slab of butter melting in one of her opening price point pans Walmart no longer sells.

Walmart, as well as Home Depot, Target and Smithfield Foods, sought to distance themselves from Deen after racist comments she made during a deposition came to light and she was canned by the Food Network.