News

Family Dollar delayed a shareholder vote on a potential acquisition by Dollar Tree until Jan. 22 in a move that allows more time to contemplate a rival bid from Dollar General.

Family Dollar convened as planned on Tuesday and, based on insufficient votes, subsequently adjourned its Special Meeting of Stockholders on the proposed transaction with Dollar Tree.

Teen and pre-teen retailer Five Below landed two senior executives from Walmart.com and Ascena Retail Group for key roles as it looks to accelerate an already rapid pace of growth.

Walmart.com president and CEO Joel Anderson will join Five Below as president in July to oversee all aspects of merchandising, stores and marketing. Eric Specter, most recently EVP and chief integration officer for Ascena, will serve as Five Below’s chief administrative officer and oversee supply chain, information technology and real estate.

Gordmans Stores five-month search for a CEO is over with veteran department store retailer Andrew Hall hired for the top job.

Hall takes over as president and CEO from Gordmans’ chairman Scott King, who had served as interim CEO since March of this year after Jeff Gordman stepped down as CEO of the 97-unit department store chain.

Michael Huseby was named CEO at Barnes and Noble after previously serving briefly as the retailer’s CFO and then president.

Huseby will also serve on the company’s board and oversee the 673 store retail group led by CEO Mitchell Klipper and the 695 store college group led by CEO Max Roberts. Huseby joined Barnes & Noble in March 2012 as CFO and was named president in July 2013.

PLEASANTON, Calif. - For the second year in a row, Safeway Inc. has received a perfect score of 100% on the Corporate Equality Index (CEI), a national benchmarking survey and report on corporate policies and practices pertinent to LGBT equality, administered by the Human Rights Campaign Foundation.  

By Molly Glover Gallatin, Gigwalk   According to Forrester Research, U.S. e-retail sales are expected to grow from $263 billion in 2013 to $414 billion in 2018, a compound annual growth rate of 9.5%. While a fuss has been made about the increase in online spending, statistics show that more than three quarters of retail transactions are still made in-store.    

Austin, Texas - Epicor Software Corp. is launching a strategic partnership with integrated payment solutions provider AJB Software Design, Inc. to simplify and secure electronic payment acceptance at the point-of-purchase, enabling retailers to accommodate new and emerging methods of payment and comply with security best practices such as the forthcoming Europay, MasterCard and Visa (“EMV”) initiative.   

New York - Executives from The Home Depot, Warby Parker and Chico’s will receive top honors at the National Retail Federation’s annual covention (the Big Show) in New York.   Frank Blake, former Home Depot CEO and current chairman, will receive NRF’s Gold Medal Award. Clicks-to-bricks eyewear retailer Warby Parker will receive the Retail Innovator of the Year Award,  with company co-founders and co-CEOs David Gilboa and Neil Blumenthal accepting the award.   

Plano, Texas - Home décor superstore retailer At Home has appointed Jennifer Warren as its new chief marketing officer.  Warren most recently held the same position for Radio Shack, where she was responsible for leading the marketing, consumer insights, private brand strategy, public relations and omnichannel teams.  

New York - A Delaware judge has denied a request  to block Tuesday's vote by Family Dollar Stores on a  $8.5 billion take-over bid by Dollar Tree,  saying dissident shareholders "failed to demonstrate a reasonable probability of success on any of their claims."   A shareholder lawsuit had requested a preliminary injunction against the vote until Family Dollar “properly engaged” in talks  with rival Dollar General to “achieve a value-maximizing transaction.”