News

NEW YORK — Same store sales at Bed Bath & Beyond could be in for a nice bump if a pricy new hair removal product becomes popular with shoppers.

Andrea Freeman has joined lease-to-own retailer Aaron’s as VP of marketing.

NEW YORK — The breakup of Supervalu to private equity firm Cerberus Capital Management could be announced as soon as Thursday when Supervalu shares third-quarter results with analysts, according to a report in the Wall Street Journal published Friday.

Bloomberg also reported that a deal between Cerberus and Supervalu was imminent. According to that Bloomberg report, Cerberus would lead an investment of around $500 million in equity.

Walter Killough will step down as CEO of the 109 unit Delia’s retail chain on April 1.

The retail said it and Killough reached a mutual agreement not to renew his employment agreement which was scheduled to expire on August 2. Plans now call for Killough to leave the company on April 1, however he may stay on longer if a replacement has not been named.

NAPERVILLE, Ill. — OfficeMax is ready to help its customers get more organized by offering them cloud service solutions.

Bolingbrook, Ill. -- Ulta Beauty reported that its holiday revenue grew 23.2% as sales “strongly” rebounded the weekend before Christmas.

Total sales for the seven-week holiday period were $475.6 million, compared with $386 million in the year-ago period. Same-store sales increased 7.4%, on top of a 12.6% increase during the same period in the prior year.

By Raymond Florio, [email protected]

1. Baby & Child, Santa Monica, Calif.

A brand new concept from Restoration Hardware, Baby & Child offers a hip, modern take on upscale children's’ home furnishings. With its taupe tones and sophisticated stylings, this new format is far removed from the pastel, whimsical universe of Pottery Barn Kids and most other kids’ stores. Read More

Wal-Mart Asia CEO Scott Price is among the feature speakers participating in this year’s World Retail Congress event scheduled for March 19-21 in Singapore.

Top food executives at Walmart are presumably in the crosshairs of Safeway recruiters now that longtime chairman and CEO Steve Burd has announced his retirement.