Mass Merchant

Wayne, N.J. --Toys "R" Us Inc. will expand its layaway program and incorporate flexible payment options in order to spur holiday sales.

The chain’s layaway program, offered at its Toys "R" Us and Babies "R" Us stores nationwide, in conjunction with a limited-time Bill Me Later service, will enable customers to make a series of smaller payments over time.

SECAUCUS, N.J. — The Children's Place Retail Stores has announced the appointment of Peter Warner as SVP global sourcing, effective immediately. Warner will report to Eric Bauer, COO, and will serve as a member of the company's senior leadership team. He will be responsible for the global sourcing and production functions, technical services and Asian operations.

MINNEAPOLIS — Michael Francis, EVP and CMO of Target, and the person charged with leading the retailer's expansion into Canada, has left the company, Target announced Monday.

“We would like to thank Michael for his many contributions and wish him the best in his future endeavors” said Gregg Steinhafel, chairman, president and CEO.

With its chief marketing officer, Michael Francis leaving to take on the role of president of JCPenney, Target is temporarily without an executive to head up its expansion into Canada, which should come as good news to Walmart Canada, which recently announced some leadership changes of its own.

Former Asda executive and Walmart Canada CEO David Cheesewright has a new role that opens up some intriguing growth possibilities, given his new responsibilities include oversight of geographic areas where Walmart doesn’t currently operate stores.

LOS ANGELES — Les Hamilton, who most recently managed the Target account for all over-the-counter products for The Emerson Group, has been named VP Sales at Hyland, another OTC manucturer.  In his new role, Hamilton will be responsible for guiding the company’s sales organization and developing and implementing sales strategy.

Bentonville, Ark. -- Wal-Mart Stores, Inc. will webcast its annual meeting for the investment community on Wed., Oct. 12 from approximately 8:00 a.m. CDT to 3:30 p.m. CDT. 

New York -- In a surprise announcement, Target said that Michael Francis, executive VP and chief marketing officer of Target Corp., has elected to leave the company.  In January, 2011, Francis was charged with overseeing with Target’s Canadian entrance. 

The retailer was short on specifics regarding Francis’ departure. 

"We would like to thank Michael for his many contributions and wish him the best in his future endeavors" said Gregg Steinhafel, chairman, president and CEO, in a statement. 

Johannesburg, South Africa — A Bloomberg report on Sunday said that Massmart Holdings Ltd., the South African retailer controlled by Wal-Mart Stores, Inc., will open 23 new outlets over the next eight months, part of its plan to not only expand its coverage area but also to add jobs in the region. The plan calls for 15,000 jobs over the next three years.

The retailer also said it will repeat a price-cut promotion at its stores.

Bentonville, Ark., and Bellevue, Wash. — Walmart and T-Mobile USA, Inc. announced Monday that T-Mobile will launch a $30 unlimited web and text monthly 4G prepaid service plan to be sold exclusively in-store at more than 2,200 Walmart stores and online at Walmart.com and T-Mobile.com.

The new plan is slated for an Oct. 16 launch.

In addition, Walmart is increasing its line-up of T-Mobile phones to six, including the addition of Walmart’s first 4G prepaid handset.

Secaucus, N.J. — The Children's Place Retail Stores, Inc. said Friday that it has named Peter Warner as SVP global sourcing, for the chain.

Warner will be responsible for the global sourcing and production functions, technical services and Asian operations. Most recently, he served as SVP of Global Sourcing & Operations for Liz Claiborne Inc.