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Best Buy digital head leaves company
December 20, 2012

Minneapolis -- Best Buy Co. announced Wednesday that its president of digital operations Stephen Gillett is leaving the company to take a COO post at computer security company Symantec, effective Friday. Best Buy said that Gillettโ€™s responsibilities...

Rite Aid reports first profit in five years
December 20, 2012

CAMP HILL, Pa. โ€” Rite Aid beat analyst expectations in third quarter 2013 as the generic wave and retention of Express Scripts customers helped drive better-than-expected adjusted EBIDTA and produced the company's first profitable quarter in five years....

HSN, Inc. Appoints Ann Sarnoff to Board of Directors
December 20, 2012

_ ST. PETERSBURG, Fla., Dec. 20, 2012 (GLOBE NEWSWIRE) -- Interactive multichannel retailer HSN, Inc. announced today that Ann Sarnoff has been appointed to its Board of Directors and will serve on the Compensation and Human Resources Committee. Ms....

Joseph Abboud joins Men's Wearhouse as chief creative director
December 20, 2012

Fremont, Calif. -- Men's Wearhouse said Wednesday that menswear designer Joseph Abboud has been named the company's chief creative director. According to the company, Abboud will leverage his industry and design knowledge to work directly with Men's...

Coastwide Port Strike Could Impact Retailersโ€™ Merchandising Plans
December 20, 2012

Fifteen container ports along the East and Gulf Coasts โ€” stretching from Maine to Texas โ€” will immediately shut down if an agreement isn't made between the International Longshoremen's Association, which represents dockworkers, and the United States Maritime Alliance, which represents terminal managers. The two sides have been negotiating a new labor contract for months, with the assistance of federal mediators, but their talks recently broke down, signaling that a coastwide supply chain disruption is imminent. The last time these ports experienced a strike was 1977.

Bed Bath & Beyond weathers Sandy
December 20, 2012

Third quarter same store sales at Bed Bath & Beyond were negatively affectivd by Hurricane Sandy, but the nationโ€™s leading home good retailer still managed to grow profits. Sales increased 15.3% to $2.7 billion, largely due to two acquisitions earlier...

Aaron's announces operational promotions
December 20, 2012

Atlanta -- Aaron's announced Thursday that David L. Buck and Tristan J. Montanero have each been promoted to SVP operations, effective Jan. 1. Buck was previously VP southwestern operations, and Montanero was VP central operations.

Wal-Mart appoints general counsel amid bribery allegations in Mexico
December 20, 2012

Bentonville, Ark. -- Wal-Mart Stores Inc. announced Thursday it has promoted Karen Roberts to EVP and general counsel, effective Feb. 1. Robertsโ€™ predecessor Jeff Gearhart will focus his efforts on global compliance as Wal-Mart continues to deal with...

Returns to reach record levels this year
December 19, 2012

New York โ€“ Jan. 3 promises to be the longest day of the year for UPS employees as they process a record level of returns to retailers. According to UPS estimates, package shipment volumes will reach a record level of 520,000 returns to retailers on Jan....

Target and Samโ€™s Club execs team up at RadioShack
December 19, 2012

Former Target EVP of stores Troy Risch and former Samโ€™s Club SVP and GMM Huey Long have joined RadioShack. Risch will serve as EVP of operations at RadioShack and oversee the companyโ€™s network of 4,700 stores and 1,500 wireless phone centers in the...