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  • More exec changes at Lowe’s

    MOORESVILLE, N.C. – Lowe’s personnel changes are becoming hard to keep up with.

  • Clean Technology

  • Lowe’s announces executive moves, promotions

    Mooresville, N.C. -- Lowe’s Cos. said Wednesday that it has made several key promotions and moves in its human resources, legal, merchandising, logistics and information technology areas.

    Maureen K. Ausura was promoted to executive VP human resources, from senior VP in the same capacity.

    Gaither M. Keener has been promoted to executive VP general counsel, secretary and chief compliance officer, from senior VP in the same capacity. 

    Both will continue reporting to CEO Robert Niblock.

  • Hhgregg Q3 net income surges

    Indianapolis -- Appliance and electronics retailer Hhgregg reported Tuesday that net income for the quarter ended Dec. 31 rose 18.4% to $26.9 million, compared with $22.7 million in the year-ago period.

    Net sales increased 30.6% to $653.7 million. Same-stores dropped 6.2%.

  • Walmart lends support to Brazilian flood victims

    BENTONVILLE, Ark. -- Walmart announced that the Walmart Foundation committing more than $750,000 in cash and in-kind donations to support emergency relief efforts in Sao Paulo and Rio de Janeiro, Brazil where an estimated 827 people have been killed and thousands have been left homeless following torrential rains and mudslides. A $400,000 donation from the Walmart Foundation will help purchase critical supplies like water, food, medical supplies and long-term relief efforts.

  • Borders receives refinancing commitment from GE Capital

    Ann Arbor, Mich. -- Borders Group said it has received a commitment from GE Capital, Restructuring Finance to provide a $550 million senior secured credit facility. Upon completion, the facility, including the obtaining of $125 million of additional junior debt financing via the conversion of vendor payables and/or external sources, will provide Borders with the financial flexibility and an appropriate level of liquidity to move forward with its strategy to reposition its business model and the Borders brand.

  • Lowe's COO to retire, promotions announced

    MOORESVILLE, N.C. -- Lowe’s announced that Larry Stone, president and chief operating officer since 2006, will retire on June 2 -- his 42nd anniversary with Lowe’s. Stone has served in virtually every leadership position within store operations, merchandising and store environment during his career.

  • Walmart on a health food mission

    WASHINGTON -- Walmart joined First Lady Michelle Obama in Washington today to unveil a comprehensive effort to provide its customers with healthier and more affordable food choices. 

    The program will involve five key elements:

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