News

EL SEGUNDO, Calif. — Fresh & Easy will kick off its annual in-store holiday food drive across all of its stores next month in honor of National Food Bank Week.

From mid-November trough Dec. 31, customers can donate canned and boxed goods in specially designated boxes at Fresh & Easy stores in Arizona, California and Nevada.

Last holiday season, the retailer and its customers donated more than $1 million in food to local food banks and charities.

NEW YORK — Wal-Mart Stores is cutting back healthcare coverage for new part-time workers and significantly raising premiums for many new full-time associates, the New York Times reported. It is a major turnaround for the retailer which, a few years back, under heavy criticism that many of its 1.4 million workers could not afford or did not qualify for coverage, expanded coverage for employees and their families.

NEW YORK — Barnes & Noble has announced that Joseph Lombardi, CFO, has resigned from his current position, but will remain a non-officer employee until mid-2012 to assist in the transition as the company undertakes an executive search for a new CFO. The company also announced the appointment of Allen Lindstrom, VP corporate controller, to interim CFO until a replacement is named. 

NAPERVILLE, Ill. — OfficeMax announced that V. James Marino has been elected to serve on the company's board of directors.

"We are delighted to welcome Jim to the board of OfficeMax," said Rakesh Gangwal, chairman of OfficeMax.  "He brings significant expertise, insight and years of experience as a successful business leader, and we will benefit from having his perspective on the board."

NAPERVILLE, Ill. — Strong results in consumable categories, a little inflation and some Hurricane Irene related sales fueled an 11.5% same-store sales increase and led to a strong overall third-quarter financial performance at Tractor Supply Company.

SONOMA, Calif. — Banana Republic and Clos Du Bois Winery announced that they have teamed up for a line of limited-edition wine bottles adorned with festive labels designed by Banana Republic creative director Simon Kneen. The wine bottles, available in Nort Coast Chardonnay and North Coast Cabernet Sauvignon varietals, are priced under $20 and will feature Kneen's hand-sketched labels.

BOCA RATON, Fla. — Office Depot announced that it has launched a new Android app designed specifically for Office Depot business account customers. The Office Depot Business Solutions mobile application is now available for free download on the Android Market.

NEW YORK — Barnes & Noble announced that it has expanded BN.com Marketplace, adding over one million new products to the catalog. The company also announced new partnerships with Wayfair.com, Right Start, UnbeatableSale.com Inc., School Specialty Inc., Abe’s of Maine, Delivery Agent and more. By expanding its third-party marketplace, which already supports more than 10,000 retailers in the books and media categories, Barnes & Noble now offers customers a wider product selection in time for the holiday shopping season, the company reported.

CHICAGO — As many as 71% of consumers earning less than $100,000 per year are planning to trim back their spending this holiday season, according to new research, “Holiday Shopping 2011,” released Tuesday by SymphonyIRI Group.

BENTONVILLE, Ark. — In honor of Adopt-a-Dog Month in October, Sam's Club announced that it is pledging $20,000 of Simply Right branded pet food, supplies and Sam's Club gift cards to four U.S. animal shelters in need of support following recent natural disasters. The pet food is part of Sam's Club's new proprietary brand Simply Right line of quality and affordable pet care products, available exclusively to Sam's Club members.