News

NEW YORK -- Teen fashion retailer Delia's has announced the appointment of two shareholder representatives to its board of directors effective March 25. The two new directors are Michael Zimmerman, the founder and CEO of Prentice Capital Management, LP, and Mario Ciampi, the managing partner of Prentice Capital Management, LP. Zimmerman will also serve as a member of the corporate governance and nominating committee, and Ciampi will be a member of the compensation Committee.

PLEASANTON, Calif. -- Safeway Inc. announced that it was recognized this week by the Association of Fundraising Professionals with the organization's 2011 Freeman Philanthropic Services Award for Outstanding Corporation.

Dollar General maintained its momentum in 2010 by achieving record sales, profits and expansion and it’s looking like 2011 will bring more of the same. Last year, Dollar General opened 600 new stores and remodeled or relocated another 504 units to end its fiscal year on Jan. 28 with 9,372 stores. The additional square footage combined with a 4.9% same store sales increase enabled the company to grow total sales by 10.5% to roughly $13 billion.

WAYNE, N.J. – The Toys“R”Us Children’s Fund has made an additional donation of $500,000 to Save the Children, bringing the Fund’s total contribution to $1 million to support the organization’s relief efforts for children and families impacted by the crisis in Japan.

Target made an original donation of $500,000 to Save the Children earlier this month.

DULUTH, Ga. -- NCR Corp. announced that the current release (version 5) of its NCR SelfServ Checkout solution has won a Good Design Award for product design excellence in the electronics category.

PURCHASE, N.Y. -- PepsiCo has announced the appointment of Maura Abeln Smith to the position of EVP government affairs, general counsel and corporate secretary, effective May 5.  Smith will succeed Larry Thompson, who is retiring from the company to assume a teaching position at the University of Georgia Law School.

Smith, who will report to PepsiCo Chairman and CEO Indra Nooyi, will be responsible for the company's worldwide legal function and government affairs organization.

New York City -- Borders Group, which filed Chapter 11 bankruptcy in February and has announced plans to close about a third of its stores, said it plans to pay key employees as much as $8.3 million in incentives and retention bonuses, Bloomberg reported.

The retailer asked a judge to approve its plan in a filing Thursday in U.S. Bankruptcy Courty in New York. Borders said it has historically compensated employees through incentives.

MINNEAPOLIS — Target has announced plans to remodel several stores in the Charlotte area. According to the company, the remodeling will begin March 27 and will add such features as open-market fresh food layout, complete a selection of fresh produce, fresh meat and baked goods. The new layout also includes reinventions in several other areas throughout the store such as beauty, home, baby and shoes.