News

BELLEVUE, Wash. — Outdoor lifestyle brand Eddie Bauer has named former Best Buy executive Steve Venegas as its new VP of distribution North America.

Venegas is a seasoned outdoor industry executive, most recently holding the position of VP of distribution for VF Outdoor, Inc., which includes brands such as the North Face, Reef, Lucy, Eagle Creek and JanSport.

Turkish retailer Migros appears to fit Walmart’s acquisition criteria even if the timing of a potential deal is less than ideal.

Turkey’s leading retailer has been in the headlines a lot this year because the company’s private equity owner, BC Partners, is reportedly looking to dump its ownership position roughly four years after acquiring a majority stake. Various international retailers are said to have had discussions with BC Partners and Walmart is the latest, according to reports this week by the Financial Times, Reuters and other international sources.

TREVOSE, Pa. — Broder Bros., a leading distributor of trade, private label and retail apparel brands and merchandise, has appointed Norman Hullinger as its new CEO.

Hullinger has been with the company for the last decade, most recently as its COO.

WOONSOCKET, R.I. — CVS Caremark executives expressed optimism going into 2013 and outlined its strategic growth framework, which leverages the company’s unique integrated model, during its annual Analyst Day held on Thursday in New York City.

WASHINGTON — An issue related to drawstrings has resulted in Bon-Ton agreeing to pay a civil penalty in the amount of $450,000.

The U.S. Consumer Product Safety Commission alleges that the fashion retailer knowingly failed to report to the commission that its children's hooded jackets and sweatshirts were sold with drawstrings through the hood. The penalty agreement has been provisionally accepted by the commission in a 3-0 vote.

Executives at Coach, Sherwin-Williams, Ross and TJX Companies were among the top wealth creators identified by Chief Executive magazine’s 5th annual Wealth Creation Index.

Lew Frankfort, CEO at Coach topped the list with Sherwin-Williams CEO Christopher Connor and AutoZone CEO William Rhodes, ranked 14th and 16th, respectively. Other top wealth creators included 27th ranked Ross Stores CEO Michael Balmuth and TJX CEO Carol Meyerowitz. Bed Bath & Beyond CEO Steven Temares was ranked 59th and Amazon.com CEO Jess Bezos was 75th.

NEW YORK — Norman Woodland, co-inventor of the bar code which transformed global commerce in the 1970s, passed away Saturday at the age of 91 from complications related to Alzheimer’s, according to a Reuters report.

The advent of the bar code reshaped retail decision-making and supply chains and its impact continues to be felt today. Five billion products are scanned optically using the bar code every day, according to GS1 US, the American arm of the global UPC standards body.

Long time Fred Meyer executive Lynn Gust was named president of the 133 store Kroger division.

Gust, 59, joined Koriger in 1970 as a parcel clerk and most recently served as the company’s SVP of operations. Gust was appointed to that position in 2011 and prior to that he served as EVP of corporate merchandising and advertising. During his career Gust also served as vp of the Fred Meyer food group and SVP of store operations.

PLANO, Texas — Tostitos surprised 28 U.S. military veterans who have previously served overseas with a special homecoming celebration.

New York -- An issue related to drawstrings has resulted in Bon-Ton Stores agreeing to pay a civil penalty in the amount of $450,000.

The U.S. Consumer Product Safety Commission alleges that the fashion retailer knowingly failed to report to the commission that its children's hooded jackets and sweatshirts were sold with drawstrings through the hood. The penalty agreement has been provisionally accepted by the commission in a 3-0 vote.