News

MINNEAPOLIS — Supervalu's Essential Everyday private-label line will include 2,700 products across more than 100 categories by 2013.

Essential Everyday products, which are available at approximately 3,300 stores nationwide — including Supervalu's family of stores — currently features more than 1,200 items across more than 40 categories. The expanded Essential Everyday brand lineup was introduced in New York last week by chef and cookbook author Antonia Lofaso.

Menomonee Falls, Wis. -- Kohl’s Department Stores has scored a big coup. The chain announced that Narciso Rodriguez will be the first designer for the retailer’s new limited-edition collection concept called DesigNation, which will feature fashions based on international inspiration from different premier designers.

The launch DesigNation collection will draw creative influence from Rodriguez’s trip to Istanbul, Turkey, earlier this year. It will be available exclusively at Kohl’s and Kohls.com beginning in early November.

CINCINNATI — Procter & Gamble has issued more conservative guidance for its quarter ending in June and unveiled preliminary guidance for fiscal year 2013.

Speaking at the Deutsche Bank Global Consumer Conference in Paris, P&G board chairman, president and CEO Bob McDonald said, "We are making the necessary adjustments to our growth strategy to increase focus on our core business and to achieve more balanced growth across geographies, product categories and the top and bottom lines."

New York -- J.C. Penney CEO Ron Johnson is taking over direct responsibility for marketing in the wake of the departure of Michael Francis, who left the company abruptly on Monday, Women’s Wear Daily reported.

Speculation has been raging about the reasons behind Francis’ sudden exit after just eight months on the job. In the article, Johnson blamed it on the fact that J.C. Penney’s marketing had not resonated with its core customer and that he “had to get involved.”

MENOMONEE FALLS, Wis. — Kohl’s Department Stores is boosting its high-fashion image with the launch of a new, limited-edition collection concept called DesigNation featuring fashions from different premier designeres.  Narcisco Rodriguez will be the first designer featured in the series. The collection will include pieces inspired by Rodriguez’s trip to Istanbul, Turkey earlier this year and will be available exclusively at Kohl’s and Kohls.com beginning in early-November 2012.

JACKSONVILLE, Fla. — Stein Mart shareholders have re-elected the following people to the company's board of directors:

Jay Stein, Ralph Alexander, Alvin R. Carpenter, Irwin Cohen, Susan Falk, Linda M. Farthing, Mitchell W. Legler, Robert L. Mettler, Richard L. Sisisky, Martin E. Stein, Jr. and John H. Williams, Jr. Each will serve one year terms

New York -- The Home Depot plans to spend $1.3 billion on new technology and $700 million to build 36 new stores from 2013-15, according to a report by Investors Daily.

The report was based on remarks chain’s senior VP finance, Ted Decker, made Tuesday at Jefferies Global Consumer Conference.

Decker also said the company plans to build “new state-of-the-art distribution facilities” to leverage its stores.
 

BOCA RATON, Fla. — Sheets, makers of dissolvable energy strips, has partnered with Walmart and Pitbull to launch a local Facebook page contest among local Walmart stores, to offer customers the chance to win a visit by Mr. Worldwide.