News

Orlando, Fla. -- Darden Restaurants, Inc., which operates the Olive Garden and LongHorn Steakhouse banners among others, has completed the repurchase of approximately $900 million of the previously announced $1 billion debt retirement, leaving approximately $1.6 billion of debt on its balance sheet.

Import volume at major U.S. container ports is expected to hit an all-time record in August as retailers concerned about the lack of a West Coast longshoremen’s contract rush to bring holiday season merchandise into the country, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

By Breton Leone-Quick and Steve Ganis

Austin, Texas -- A Shoppers Trend report released by RetailMeNot found that, once kids leave the nest, parents are just as ready as their kids to start a new chapter in life. In fact, nearly three-in-four parents (74%) surveyed indicated they would do things differently once their kids leave the house, with traveling (42%), spending time with friends (37%) and pampering themselves (33%) topping the list of changes.

The Walgreens Charity Classic, presented by the Seagate Country Club, is set for Nov. 6 to 9, 2014 in Delray Beach, the Country Club announced Friday. The Charity Classic will showcase the talents of 48 former LPGA Tour stars now playing the Legends Tour, the official senior tour of the LPGA.

The four-day event will also raise funds for three area charities: The Dan Marino Foundation, Achievement Centers for Children & Families and Aid to Victims of Domestic Abuse.
 

Home furnishings retailer West Elm, the fast-growing division of Williams-Sonoma with 58 stores and counting, plans to launch a contest called “We Love Local Small Business Grant.”

Designed to support U.S.-based artists, makers and designers as they grow and scale their businesses, the small business grant contest will this week with open online submissions.

Three executives were named to new roles at leading appliance and consumer electronics manufacturer Haier America.

Haier America, part of the $29 billion Haier Group, named Gina Copeland SVP of air quality, Sanjay Gupta VP of product platform development for major appliances and Paul Riley as VP of sales and marketing for major appliances.

Fort Worth, Texas -- Calloway’s Nursery has named Alicia Hicks as VP marketing, effective Aug. 5. Hicks formerly served as Calloway's director of retail marketing.

With her promotion, Hicks will oversee marketing for all aspects of Calloway's Nursery, which includes 17 Calloway's Nursery locations in Dallas/Fort Worth, as well as two Cornelius Nursery locations in Houston. She will develop strategic marketing plans and customer experience initiatives for both Calloway's and Cornelius brands across all retail locations.