Retail

WEST DES MOINES, Iowa — Ric Jurgens, chairman and CEO of Midwestern supermarket chain Hy-Vee, will retire on June 1, the company said Wednesday.

Jurgens, 62, began working for Hy-Vee 42 years ago while a student at Iowa State University, taking a full-time position after his graduation. In 1995, he was named SVP and chief administrative officer, becoming president in 2001, CEO in 2003 and chairman in 2006. Jurgens said he will ask the company's board of directors to elect president and COO Randy Edeker as chairman and CEO.

WAYNE, N.J. — Toys"R"Us Has announced that its stores nationwide will remain open for 112 uninterrupted hours beginning at 6am on Tuesday, Dec. 20 and continuing through 10 p.m. on Christmas Eve.

In conjunction with continuous shopping during the last few days leading up to Christmas, Toys"R"Us will hold a two-day sale from Tuesday, Dec. 20 to Wednesday, Dec. 21.

Walmart is hoping to catch some of those last-minute shoppers by holding its "Big Christmas Event" on Saturday, Dec. 17. 

On Dec. 17, Walmart said it will offer its lowest prices of the season on toys, games, electronics, bikes and more. In addition, Walmart.com is giving customers an extra day to shop by extending its shipping deadlines. 

MENOMONEE FALLS, Wis. — Kohl's announced that it has expanded its partnership with Vera Wang Group to launch a new, exclusive line of junior's clothing that will be available in stores and online beginning August 2012.

The Princes Vera Wang collection will include premium apparel and jewelry at a great value, the company said. Additional categories may be added over time. 

PLEASANTON, Calif. — Safeway on Tuesday named Al Duran to the role of president of the company's Denver division. He replaces Scott Grimmett, who is leaving Safeway for an opportunity with a noncompeting food retailer, the company stated.

"Al's results-oriented leadership style and experience on both the retail and the marketing side of our business will serve him well in his new assignment," Safeway chairman, president and CEO Steve Burd said. "He is also a Colorado native and knows that market well."

Wal-Mart Stores' Mexican subsidiary, Walmex, is now part of the Mexican Stock Exchange's newly created Sustainable Index, the company reported. 

CHICAGO — A new report by ShopperTrak found that sales continue to rise despite flat year-over-year figures.

Sales for the week ended Dec. 10 rose 10.6% above the prior week, while year-over-year sales saw a decline of 1.9%. The drop, which followed a 0.2% year-over-year increase during the week ended Dec. 3, is not an indication that holiday sales will be dismal this year; the firm suggested that it may have been caused by the shifting dates of Hanukkah — moving from Dec. 1 in 2010 to Dec. 20 this year.

NEW YORK — A new survey by Angus Reid Public Opinion revealed a number of similarities and differences between the holiday shopping habits of people in North America and the United Kingdom.

The survey found that 40% of Americans, 41% of Canadians and 49% of Britons said they plan to spend less during the 2011 holiday season than they did last year, though 16% of Americans and 21% of Canadians said they're now in better financial situations. By contrast, 39% of Americans and 28% of Canadians said they're in worse shape, compared with 55% of Britons.