News

By Vivek Venugopalan, Blog.wipro.com/tag/vivekv

Much was made this week of the nomination of Google executive Marissa Mayer to the Walmart board and for good reason. She will add a new layer of depth and expertise to Walmart’s board, but she won’t be the only digital darling on the board.

ST. PETERSBURG, Fla. — HSN has named Anne Martin-Vachon chief merchandising officer, effective May 14. Martin-Vachon will oversee HSN's merchandising and planning teams and report directly to Mindy Grossman, CEO of HSNi.

Ventura, Calif. -- A Ventura, Calif., judge on Wednesday approved a settlement that forces CVS Caremark Corp. to pay $13.75 million to settle California claims that it illegally disposed of hazardous waste at California stores.

CVS came under investigation in 2010 after allegations were made that the drugstore chain had mishandled medical, pharmaceutical and photographic waste at California stores over a seven-year period.

Sam’s Club next week is set to hold the first of three unique supplier fairs designed to improve sourcing from women and minority owned firms.

The event is scheduled for April 25 from 7:30 a.m. to 6 p.m. and is designed to provide education on the Sam’s Club merchandising strategy, engage potential suppliers, strengthen relationships with diverse suppliers and identify product offerings relevant to the members that Sam’s Club serves.

LONDON — The break-even forecast for the U.S. division of Tesco has been pushed back to early next year, the U.K. retail giant announced in its fiscal-year results.

Duluth, Minn. -- Apparel retailer Maurices said Thursday it has debuted a new mobile application designed to enhance its customers’ in-store shopping experience.

NEW YORK — A report released by Bloomberg showed that household confidence improved last week to match the highest level in four years. 

The Bloomberg Consumer Comfort Index was minus 31.4 in the period ended April 15, compared with minus 32.8 over the previous seven days. The reading equaled that from two weeks earlier as the best since March 2008.

Despite the strong showing, the monthly expectations measure fell from a one-year high, showing ongoing concerns that too many Americans are still unemployed.