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Changing of the guard at Avon’s board
NEW YORK — Avon has announced that nonexecutive chairman Fred Hassan has resigned his position after just four months so he can focus on other professional commitments.

Hassan serves as a nonexecutive chairman of Bausch + Lomb and is a managing director and partner at Warburg Pincus LLC. He also serves on Time Warner’s board.
Consumer confidence down in April
New York -- Consumer confidence dropped in April to a three-month low amid discouraging economic indicators, according to the Thomson Reuters/University of Michigan Survey of Consumers.

The index fell 2.8% in April to 76.4 from 78.6 a month earlier. The median projection in a Bloomberg survey was 73.5 after a preliminary April reading of 72.3.

The Michigan survey’s current conditions index, which measures Americans’ view of their personal finances, fell to 89.9 in April from 90.7 last month.

Dollar General, P&G to celebrate moms

GOODLETTSVILLE, Tenn. — Dollar General and Procter & Gamble are teaming up to honor a Florida mom as its official Every Day Hero for the month of May.
Americas, Asia bolster Starbucks Q2 profits

SEATTLE — Starbucks reported that its second-quarter profit rose 26% to $390.4 million, up from $309.9 million last year, amid sales increases in the Americas and Asia regions.

Total net revenue for the quarter ended March 31 rose 11% to $3.56 billion, not quite the $3.58 billion Wall Street expected. Global same-store store sales grew 6%, driven by a 4% increase in traffic and a 2% increase in average ticket, marking the 13th consecutive quarter of global comp growth greater than 5%.
Mobile coupon app expands retail selection

LOS ANGELES — Yowza, a leading mobile coupon app for iPhone and Android, has announced that more than 70,000 locations nationwide now accept Yowza coupons.
Supervalu beefs up board following Q4 results

MINNEAPOLIS — Supervalu has elected Rite Aid chairman, president and CEO John Standley and Cerberus COO and general counsel Mark A. Neporent to its board of directors.
George Soros takes 7.9% stake in J.C. Penney

New York -- Giving a much-needed boost to J.C. Penney Co., George Soros’ Soros Fund Management bought 17.4 million shares of the troubled retailer, according to a filing with the Securities and Exchange Commission.

The stake, which was seen as a vote of confidence in returning CEO Mike Ullman, makes the billionaire investor the fourth-largest Penney shareholder, with a 7.9% stake.
Crest, Oral-B & NFL to help others ‘Go Pro’

CINCINNATI — Crest and Oral-B Pro-Health have partnered with Texas A&M offensive tackle Luke Joeckel to promote good oral health and help others ‘Go Pro’ in their careers, with a donation to the international nonprofit organization Dress for Success.
Report: Goldman Sachs arranges $1.75 billion J.C. Penney loan

New York -- A Friday report by CNBC said that Goldman Sachs has lined up a $1.75 billion financing package for J.C. Penney Co., backed by the retailer’s real estate and other assets.

The news, which has not yet been confirmed by Penney, comes a day after investor George Soros reported a 7.9% stake in the company.

Earlier this month, Penney borrowed $850 million from its $1.85 billion revolving credit facility to boost its cash position and buy inventory.
Walmart looks to resolve Canada’s raccoon problem

MISSISSAUGA, Ontario – Walmart Canada is looking to resolve Canada’s raccoon problem by carrying Great Value Mint-X raccoon repellent garbage bags.

Changing of the guard at Avon’s board

Consumer confidence down in April

Dollar General, P&G to celebrate moms

Americas, Asia bolster Starbucks Q2 profits

Mobile coupon app expands retail selection

Supervalu beefs up board following Q4 results

George Soros takes 7.9% stake in J.C. Penney

Crest, Oral-B & NFL to help others ‘Go Pro’

Report: Goldman Sachs arranges $1.75 billion J.C. Penney loan

Walmart looks to resolve Canada’s raccoon problem

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