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  • Promotional pace held steady in May

    Some companies were more aggressive with promotions last months and others were less so, but Target held steady producing the same number of circular ad pages (109) in May 2011, and it did the same month the prior year, according to data collected by the Chicago based firm Market Track.

  • Shareholders express their dissent in different ways

    All board members were re-elected by an overwhelmingly large margin, however some shareholders expressed a dislike for Anne Mulcahy as she drew the largest number of negative votes by a wide margin.

    Mulcahy is probably best known as CEO of Xerox from 2001 to 2009, and she also served as chairman of the company’s board from 2002 to 2010. She currently chairs the board of trustees of the Save The Children Foundation and serves as a director of The Washington Post Company and Johnson & Johnson. She is a past director of Citigroup.

  • Advance Auto Parts names president of International business

    ROANOKE, Va. — Advance Auto Parts announced that Jim Durkin will join Autopart International as president. 

    “Jim is an experienced executive with a great track record of success in delivering results by building and developing strong teams that sustain their performance over time. We are very excited about the leadership skills he will bring as we continue our growth,” said Roger Patkin, CEO of AI.

  • Toys'R'Us plays down poor 1Q comps performance

    WAYNE, N.J. — Toys“R”Us reported that domestic comparable-store sales were down 2.1% for its fiscal first quarter. Total sales were up 1.1% tp $2.6 billion. 

    According to the company, sales were strongest in the learning and core toy categories, while the entertainment and seasonal categories struggled. 

  • He makes it sound so simple

    Target ended last year with sales of $67.4 billion and earnings per share of $4, but company chairman, president and CEO Gregg Steinhafel believes sales will hit $100 billion and earnings will double to $8 a share within six or seven years.

  • Kroger names diversity leader

    CINCINNATI — Kroger has named Reuben Shaffer chief diversity officer, effective immediately. Shaffer will report to Kroger's chairman and CEO, David Dillon.

    Shaffer, 60, has been serving as the VP retail operations for the Cincinnati/Dayton division. He began his career with Kroger in 1988 and has held various leadership positions in the organization.

  • Williams-Sonoma to offer international shipping

    SAN FRANCISCO— Williams-Sonoma announced that it will offer international shipping for its Pottery Barn, Pottery Barn Kids, West Elm and Williams-Sonoma brands. The company already offers international shipping for its PBteen brand through a partnership with FiftyOne Global E-commerce.

  • Shareholders not interested in Target’s growth plans

    They are however interested in which political candidates and trade associations receive political donations from the company and what the decision-making process is behind those donations. At least it’s what anyone who attended or listened to a webcast of the company’s shareholders’ meeting last week is left to conclude after listening to the line of questioning that followed prepared remarks by Target chairman, president and CEO Gregg Steinhafel.

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