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Restoration Hardware Evolves Brand to Become RH
September 17, 2012

Restoration Hardware today announced the rebranding of the company to RH, reflecting the current positioning and future direction of the brand. Gary Friedman, RH creator and curator commented, "Today's RH is a far cry from the hardware and nostalgic discovery item-based business it once was. Currently, we circulate four source books twice yearly, RH Home, RH Big Style Small Spaces, RH Outdoor and RH Baby & Child totaling over 1,400 pages of inspired design."

CVS Caremark names EVP, general counsel
September 17, 2012

WOONSOCKET, R.I. — CVS Caremark has appointed Thomas Moriarty as EVP and general counsel of CVS Caremark. Moriarty most recently served as general counsel at the Celgene, a biopharmaceutical company, where he was responsible for global legal strategy...

Activist investor reveals 13% stake in Office Depot
September 17, 2012

Delray Beach, Fla. -- Starboard Value disclosed on Monday that it has taken a 13.3% stake in Office Depot. According to a report by Reuters, the activist hedge fund now becomes the office supply retailer’s biggest shareholder. In a letter to Office...

Eddie Bauer names former VF Outdoor CFO as new COO/CFO
September 17, 2012

Bellevue, Wash. -- Eddie Bauer LLC said Monday it has named Daniel E. Templin as COO and CFO of the company. Templin was previously CFO for VF Outdoor, which includes brands such as The North Face, Vans, JanSport and Timberland. Eddie Bauer also...

Best Buy CEO sells $1.19 million of stock
September 17, 2012

Minneapolis -- A filing with the Securities and Exchange Commission revealed that Best Buy Inc. CEO Hubert Joly has sold $1.19 million worth of shares of common stock of the company. Joly sold 65,796 shares at a price of $18.02 per share, according to...

OfficeMax Settles Lehman Claim
September 14, 2012

When Lehman Bros. filed for bankruptcy in September 2008, among the many claimants was office supply retailer OfficeMax Inc. (NYSE: OMX). The retailer had acquired a Lehman-backed note for $817.5 million in connection with the sale in 2004 of some...

Sears to contribute $203 million to domestic pension plan
September 14, 2012

Hoffman Estates, Ill. -- Sears Holdings disclosed in a regulatory filing that "because we believe that the company has substantial liquidity and financial flexibility," the company has elected to contribute an additional $203 million to its domestic...

New promotions announced at Crocs
September 14, 2012

NIWOT, Colo. — Casual footwear brand, Crocs, has announced that Dale Bathum has been appointed chief product officer, Mike DeBell has been named chief sales officer and Doug Hayes has taken the role of president of the Americas market. As chief product...