News

EDEN PRAIRIE, Minn. — Supervalu announced that it has committed $1 million to sponsor 1,542 youth sports teams in markets where its Acme, Albertsons, Cub Foods, Farm Fresh, Jewel-Osco and Shaws/Star Market stores operate. 

WINSTON-SALEM, N.C. — HanesBrands announced that it has promoted Richard Moss to chief financial officer effective immediately.

Moss, 53, who has served as the company’s treasurer since January 2006, was chosen to fill the open CFO position after an extensive review of internal and external candidates, HanesBrands reported. Moss will oversee the company’s global finance, investor relations and corporate development functions.

SAN DIEGO, Calif. — Consumers are busier than ever and are inclined to spend as little time shopping for groceries as possible, so attracting them enough to stop and sample a new product is a challenge. Albertsons is looking to address that issue by teaming with Daymon Interactions, a consumer event marketing company, to develop a new in-house product sampling and event marketing program.

Berlin, N.J. — The 134-store arts and crafts chain A.C. Moore said Tuesday it has agreed to be acquired by an affiliate of arts and crafts distributor Sbar’s Inc. for about $40.8 million.

Last January, the company said it had formed a committee to review strategic alternatives, including a potential sale.

Menomonee Falls, Wis. — Kohl’s Corp. said Tuesday it will hire 40,000 seasonal workers for the 2011 holiday shopping period, about 5% more than in 2010.

The plan equates to about 35 additional associates per store at its 1,127 stores, each working about 20 hours per week.

In addition, Kohl's said it plans to hire 2,500 seasonal workers at DCs and 500 seasonal and full-time credit operations workers.

Wayne, N.J. --Toys "R" Us Inc. will expand its layaway program and incorporate flexible payment options in order to spur holiday sales.

The chain’s layaway program, offered at its Toys "R" Us and Babies "R" Us stores nationwide, in conjunction with a limited-time Bill Me Later service, will enable customers to make a series of smaller payments over time.

Washington -- The National Retail Federation announced that it is pleased with President Obama's efforts to implement three pending Free Trade Agreements. 

Atlanta -- First Data Corp. and Associated Bank said Tuesday that the companies have signed a long-term merchant services renewal agreement.

Through the agreement, First Data will continue to provide merchant processing services to the bank’s business clients nationwide, providing them access to a comprehensive line of electronic payment solutions, including acceptance of all major credit cards including PIN and signature-based debit cards, gift cards, customized reporting and electronic check verification services.

LOS ANGELES — The state of the economy continues to impact consumers' holiday shopping decisions as many plan to spend less or the same this year.

SECAUCUS, N.J. — The Children's Place Retail Stores has announced the appointment of Peter Warner as SVP global sourcing, effective immediately. Warner will report to Eric Bauer, COO, and will serve as a member of the company's senior leadership team. He will be responsible for the global sourcing and production functions, technical services and Asian operations.