News

MORRIS TOWNSHIP, N.J. — Honeywell chairman and CEO Dave Cote has been named CEO of the Year by Chief Executive Magazine. Cote will be featured on the cover of the magazine’s July issue as well as on ChiefExecutive.net.

The award recognizes the transformation of Honeywell under Cote’s leadership throughout the past decade. During that time, Honeywell has increased sales by 71% to $37.7 billion and has consistently outperformed the S&P 500 during that timeframe.

EAST RUTHERFORD, N.J. — Kid Brands' EVP and COO Kerry Carr is about to take on a third title at the company as its new CFO. The news comes amid the company's announcement that it has sold the Russ and Applause brands to Larsen and Bowman Holdings for $1.25 million.

Carr replaces James Christl, whose resignation for personal reasons from his position as SVP and CFO has been accepted by the company.

BOCA RATON, Fla. — Office Depot has unveiled the next phase of its anti-bullying collaboration with pop group One Direction. The retailer will offer a limited-edition collection of back-to-school products and donate a percentage of sales to anti-bullying education.

CHELMSFORD, Mass. — Multichannel home furnishings specialty retailer has tapped Kewill, a leading provider of software for supply chain execution, to help it consistently manage domestic and international shipments from multiple shipping locations across North America.

Crate and Barrel will utilize Kewill's Flagship parcel shipping and Netship expense management software to streamline its supply chain and integrate a roster of carriers to ensure it selects the best available rate and service every time.

VeriFone and Lenovo teamed up to develop a mobile point of sale platform that promises to meet retail needs for Windows-based systems compatible with existing retail store systems.

The platform integrates a ThinkPad Tablet 2 based on the Intel Atom Z2760 processor with VeriFone's secure PAYware Mobile technology designed exclusively for the Lenovo tablet.

NEW YORK, N.Y. — Happy Family, a leading organic baby and toddler food brand founded and operated by moms, wants picky eaters to clean their plates for a chance to win $20,000 toward a college education.

As part of the campaign, which launched on Facebook and is called Stories from the Bright Side, Happy Family is calling parents to submit their funny mealtime moments.

Vancouver, B.C. -- A lawsuit has been filed against Lululemon Athletica, accusing it of defrauding shareholders by hiding defects in yoga pants whose sheerness led to a costly product recall, and concealing talks that led to the sudden departure of its chief executive, Christine Day.  

Chicago -- Online grocer Peapod is taking its “virtual grocery store” concept on the road in a new promotional campaign. The company unveiled the concept at commuter rail stations in Chicago and the Northeast less than a year ago,

Peapod, a division of Ahold USA, will field trucks installed with digital billboards of grocery aisles at community recreation centers, coffee sleeves at local cafes, concert venues and other places.  

New York -- Martha Stewart has agreed to reduce her annual base salary by $200,000 to $1.8 million.

Stewart, founder and chairwoman of Martha Stewart Living Omnimedia Inc., also gave the green light to allow the company to reduce her annual licensing fee by $300,000 to $1.7 million, according to a regulatory filing Wednesday.

The cuts, according to company executives, are “consistent with their plan to return ... to profitability.”

MSLO reported a net loss of $3.27 million for the first quarter ended March 31.

Deerfield, Ill. -- Walgreens on Wednesday reported June sales of $5.79 billion, an increase of 2.5% from the year-ago period.

Total front-end sales increased 2.2% compared with the same month last year, while comparable store front-end sales increased 0.8%. Customer traffic in comparable stores decreased 2.9%, while basket size increased 3.7%.