News

New York -- A Monday report by Bloomberg said that ex-Aeropostale executive Christopher Finazzo – convicted last week on 14 counts of  fraud against the retailer – has been order to forfeit more than $25 million.

Jurors unanimously found that Finazzo must turn over $25.79 million in cash, interest in four Calverton, N.Y., properties and as much as $300,000 from a trading account, according to the Bloomberg report, which cited a statement by Robert Nardoza, spokesman for Brooklyn U.S. Attorney Loretta Lynch.
 

BENTON HARBOR, Mich. — Global appliance leader Whirlpool Corporation has launched a line of smart appliances with 6th Sense Live technology. 

The company’s flagship Whirlpool brand is making smart home management a reality in the Chicagoland area with the release of a suite of smart appliances along with a free mysmartappliances app, which is already available in the iTunes app store.

Matthews, S.C. -- Family Dollar Stores said Monday that Charles S. Gibson, executive VP – supply chain, will leave the company to pursue other interests, effective April 30.
 
“Charlie has overseen the growth and development of our supply chain network and has been a valued part of our team,” said Howard R. Levine, Family Dollar CEO. “We appreciate the contributions Charlie has made to the company’s success, and we wish him all the best in his future endeavors.”

NEW BRUNSWICK, N.J. — Johnson & Johnson chairman and CEO Alex Gorsky told shareholders at the company's annual shareholder meeting that its consumer healthcare business would reclaim its prominence in the U.S. marketplace. But OTC growth will be greatest outside of the U.S.

Former Walmart apparel merchant Dottie Mattison and Sephora head merchant Margarita Arriagada will be among those honored next week at the 35th annual Outstanding Mother Awards.

MELVILLE, N.Y. — Retail real estate industry executive Jonathon Graub has joined A&G Realty Partners, a leading commercial real estate, advisory and investment group, as principal. Graub will advise A&G Realty’s retail clients on strategic growth opportunities and assist with their real estate operations.

St. Paul, Minn. -- Manhattan Associates said Monday that outdoor chain Gander Mountain has selected its Enterprise Order Management and Store Inventory & Fulfillment solutions to help drive omni-channel enterprise transformation.

Gander is using the Manhattan solutions to create a seamless experience for its customers across channels with a single view of inventory, and to allow Gander shoppers to control how and when they take delivery of Gander merchandise.

MINNEAPOLIS — Target will feature electronics picked by the editors of Wired magazine, under a deal between the two.

Target said the custom-curated assortment of products would include four products available for the first time at Target, including personal fitness, photography and digital music streaming.