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  • Food retail expert assumes interim CEO role at 99 Cents Only

    CITY OF COMMERCE, Calif. — Former Food Lion CEO, and current board member for 99 Cents Only Stores, Richard Anicetti, is assuming the role of interim CEO for the discount retailer. In addition, Michael Fung will join the company as interim chief administrative officer overseeing finance, information technology, real estate and various administrative functions of the company.  

    In connection with the foregoing changes, Eric Schiffer, Jeff Gold and Howard Gold are no longer employed by the company. 

  • NAHB builds hope for construction industry

    The National Association of Home Builders sees the residential construction industry gaining momentum in a larger economy that includes a few wild cards.

    At the International Builders’ Show here in Las Vegas, the Washington, D.C.-based trade association updated its 2013 housing starts forecast to 949,000 starts in 2013, up 21.5% from the prior year. At the end of January, the group had forecast 932,000.   

  • TPN adds Shamberg to team

    Retail marketing agency, TPN, part of the Diversified Agency Services division of Omnicom, named Scott Shamberg SVP of growth and emerging commerce.

    TPN said the addition of Shamberg would help the firm stay ahead of the curve as the retail and commerce landscape continues to evolve.

  • More store closings for Blockbuster

    DALLAS  — The growing popularity of Netflix, Hulu and other on-demand video rental services continues to take a toll on traditional brick-and-mortar video rental stores. 

    Dish Network reported that its subsidiary, Blockbuster will close about 300 of its stores in the United States in the coming weeks. The closures will result in the loss of about 3,000 jobs and leave the chain with some 500 U.S. locations.

  • Retailers Must Evolve with Changing Shopping Habits

    By Akhilesh Srivastava, [email protected]

  • Demandware fits Ecco shoes e-commerce needs

    The Ecco shoe brand has engaged the services of Demandware to power its new U.S. e-commerce and mobile commerce site. The company also plans to use Demandware’s cloud platform to quickly and efficiently expand internationally, beginning with Canada.

    Ecco products are sold online and in 4,000 branded locations in more than 90 countries. 

  • Safeway rises on speculation of buyout interest

    New York -- Shares of Safeway Inc. shares rose as much as 9% on Wednesday on rumors of increased buyout interest for its Canada operations by Canadian grocer Metro Inc. and Loblaw Companies Ltd.

    On Tuesday, Metro announced it was selling off nearly half its stake in Couche-Tard Inc. for $482 million.

    In December, Loblaw announced plans to spin off the vast majority of its property assets into a real estate investment trust.

     

  • Kohl's to deploy integrated solutions from Oracle Retail

    Redwood Shores, Calif. -- Kohl’s Department Stores has selected Oracle Retail Merchandising, Planning and Supply Chain solutions to seamlessly integrate core retail operations across the company’s 1,146 stores nationwide. The solutions will provide Kohl’s with an integrated, scalable retail suite of applications to streamline merchandising and planning while enabling its multi-channel growth strategy.

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