Supply Chain & Merchandising

CAMP HILL, Pa. — Rite Aid brought the New Year in with a bang, recording monthly same-store sales increases across both the front end and back bench for the first time in almost two years.

New York City -- On the heels of Monday’s announcement that Borders Group is delaying payments to some of its vendors, the bookseller said Tuesday that two senior-level executives have departed.

Thomas Carney, general counsel, and D. Scott Laverty, chief information officer, both resigned from their posts Monday evening.

The news was disclosed in a Securities and Exchange Commission filing Monday. Borders told the Wall Street Journal that the departures were part of its previously disclosed efforts to improve liquidity.

By Richard P. Edwards, [email protected]

Real estate portfolio optimization has become standard practice for retailers and, in the current environment, store closings often outnumber openings. In many cases, closing stores is a proactive move. For instance, healthy retailers strengthen their positions by closing under-performing stores and relocating stores within a market is an ongoing process when retailers review leases up for renewal or look to improve their position in the area.

New York City -- Private equity firm Irving Place Capital announced Tuesday that it acquired value-oriented women’s apparel and accessory retailer Dots. Terms of the transaction, which closed on Jan. 3, were not disclosed.

GRAND RAPIDS, Mich. — Meijer last week announced its donation of 35 reconditioned semi-tractors to local food banks, academic organizations and law enforcement throughout the Midwest.

The donation is part of the chain's ongoing commitment to support the communities it serves, the company said.

New York City -- Macy’s said Tuesday that it plans to expand its website offerings and would add about 725 new positions over the next two years to implement the e-commerce expansion plan.

Retail executives are invited to introduce their rising stars to the industry’s leading store development and facilities event -- SPECS, which will be held March 13-16, 2011, at the Gaylord Texan in Grapevine, Texas. Qualified senior executives and their future leaders will receive FREE registration to this year’s show.

CHICAGO - Claire's Stores has announced the appointment of Jay Friedman as president of the North American division, reporting to Gene Kahn, CEO, effective immediately.

In his position, Friedman will lead both the Claire's and Icing businesses and will have direct oversight of buying, planning and allocation, supply chain, stores and overall operations of approximately 2,000 stores in the United States, Canada, Puerto Rico and the Virgin Islands.