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Sears adds law firm exec Cesar Alvarez to board
Sears Holdings has elected law firm executive Cesar Alvarez to its board of directors.

Alvarez is co-chairman of the international law firm Greenburg Traurig, which he joined in 1973. Before his appointment as chairman, he served as executive chairman for more than three years and as its CEO for 13 years, starting in 1997.
Rite Aid Q3 income jumps; to add 300 new GNC LiveWell in-store shops
Camp Hill, Pa. – Rite Aid reported a solid 15.5% increase in net income during the third quarter of fiscal 2013, to $71.5 million from $61.9 million in the year ago period. Lower interest expense and lease termination and impairment charges helped drive Rite Aid’s net income growth.

In addition, revenues grew about 2% to $6.4 billion from $6.2 billion, primarily due to a 3.5% increase in pharmacy same store sales. Same-store sales rose 2.3%.

Rite Aid gaining momentum for 2014

Rite Aid modestly increased its full year sales forecast following the release of third quarter results and said it will aggressively expand its “Wellness” format as it looks to drive greater growth in 2014.
Harrods exec tapped as Saks chief marketing officer
Target’s big data breach could prove costly

Target early Thursday confirmed widespread media reports that it suffered a major data breach that affected as many as 40 million credit and debit card transactions during a period that began the day before Thanksgiving through December 15.
Pier 1 boosts net income, sales

Fort Worth, Texas – Pier 1 Imports boosted net income and sales during the third quarter of fiscal 2014 compared to the same period in the prior year, partially aided by strong Thanksgiving weekend performance. Net income totaled $26.8 million, up 13% from $23.7 million.

Total sales for the third quarter were $465.5 million, a 9.6% increase from $424.5 million in the year-ago quarter.

Same-store sales rose 6.9%, primarily attributable to increases in conversion rate and higher average ticket.
Ikea launches employee loyalty program

Ikea plans to launch an employee loyalty program launch in the new year. Beginning in 2014, every employee worldwide will receive an equal contribution to their pension plan, based on the company's financial goals being met.

The program named Tack! — which means ‘thank you’ in Swedish — was inspired by Ikea founder Ingvar Kamprad's wish to “share the success of the Ikea Group with all employees.”
Frederick’s of Hollywood plans to go private

Hollywood, Calif. -- Frederick's of Hollywood Group Inc. has entered into a definitive merger agreement that provides for the acquisition of the company by a consortium consisting of HGI Funding LLC, a wholly-owned subsidiary of Harbinger Group Inc., and certain of the company's other common and preferred shareholders. The members of the consortium as a group beneficially own approximately 88.6% of the company's common stock.
Pier 1 continues reaping omnichannel strategy rewards

Pier 1 is touting the progress it’s made with its 1 Pier 1 omnichannel strategy, following financial results for the third quarter. Pier1.com continued to outperform the company’s expectations with increases in traffic and conversion, and representing more than 4% of total sales in the quarter.
Report: Wal-Mart most prolific and most creative holiday advertiser

Sears adds law firm exec Cesar Alvarez to board

Rite Aid Q3 income jumps; to add 300 new GNC LiveWell in-store shops

Rite Aid gaining momentum for 2014

Harrods exec tapped as Saks chief marketing officer

Target’s big data breach could prove costly

Pier 1 boosts net income, sales

Ikea launches employee loyalty program

Frederick’s of Hollywood plans to go private

Pier 1 continues reaping omnichannel strategy rewards

Report: Wal-Mart most prolific and most creative holiday advertiser

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