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Yankee Candle Names New International President
January 19, 2011

The Yankee Candle Company announced that John Fontana has joined the company as president of the international division, and Hope Margala Klein has been promoted to senior vice president, brand design and innovation.

CVS resumes search for new retail president
January 19, 2011

Woonsocket, R.I. -- CVS Caremark Corp. said Tuesday it is resuming its search for a new president of its pharmacy operations in view of Wal-Mart Stores’ lawsuit to block its previous choice. The company said executives Mike Bloom and Scott Baker will lead the retail pharmacy business while CVS Caremark seeks a permanent president. Baker is in charge of CVS Caremark's internal operations and real estate, and he has been with the company for about 25 years. Bloom is in charge of merchandising and the company's supply chain. He has worked for CVS and CVS Caremark for 20 years.

CVS Appoints Interim Retail Leaders
January 19, 2011

CVS Caremark has named its two highest ranking retail executives to jointly lead the company’s CVS/pharmacy business, effective immediately. Mike Bloom, executive vice president of merchandising and supply chain, and Scott Baker, executive vice president of internal operations and real estate, will jointly manage the chain’s retail business until CVS completes its search for a new president.

Target Names Tony Fisher President of Canadian Operations
January 18, 2011

MINNEAPOLIS, MN, Jan. 18 /PRNewswire-FirstCall/ - Target Corporation "Tony has a strong sense of Target's unique culture, merchandising strategy and brand and a proven record of delivering results," said Michael Francis, chief marketing officer of Target Corporation and executive committee sponsor of Target Canada. "His positive energy, broad merchandise experience and keen understanding of what differentiates Target in the retail industry make Tony well-suited for this new role and position Target for success in Canada." Last week, Target announced that the company has acquired leasehold interests in up to 220 sites from Zellers Inc. and plans to open 100

AOL's Revival Depends on Hyperlocal News
January 18, 2011

Over the last year and a half, AOL has spent tens of millions of dollars to build local news sites across the country through Patch.com. The idea is that the service would fill the gap in coverage left by local newspapers, many of which are operating on a string after declines in advertising revenue.

USPS Swears in Donahoe as Postmaster General
January 18, 2011

Patrick R. Donahoe took the oath of office in front of employees and family members to become the 73rd Postmaster General of the United States and the CEO of the U.S. Postal Service.  

Burberry's Sales Rise 27% in 3Q
January 18, 2011

Burberry surged in London trading after reporting that three-month sales rose 27 percent and adjusted full-year profit will exceed its previous estimate.