German retailer Tengelmann, together with its US subsidiary Emil Capital Partners, has acquired a shareholding in chocolate maker Tcho. The retail group has also bought a stake in VariBlend Dual Dispensing Systems, which makes containers ...
Tags: Tengelmann, Emil Capital Partners, Tcho
Ascena Retail Group, Inc. announced that Linda Heasley has accepted the position of President and CEO of Lane Bryant effective February 18, 2013. Ms. Heasley joins ascena’s Lane Bryant division after six years as President and CEO ...
Tags: Ascena Retail Group, Linda Heasley, President, CEO
Casual Male Retail Group, Inc., the largest retailer of big & tall men's apparel and accessories, announced that it has appointed Ivy Ross, 57, to the Company's Board of Directors. She will serve as a director until the Company's next ...
X5 Retail Group, Russia's largest retailer by sales, reported an 8.3% rise in net sales for fiscal 2012, driven by higher revenues at the group's discount formats. The company said net sales for the year grew to RUB490.09bn (US$16.2bn) in ...
Tags: X5 Retail Group, net sales, discount format
Nearly half of all Argos sales during the 44 weeks to January 5th were made online - some 42 per cent. Customers can also use the Check & Reserve service across 16,000 Argos products. The news comes as the retailer prepares to launch ...
Tags: Argos sales, toy, toy Furby
The board of Russia's X5 Retail Group has nominated interim CEO Stephan DuCharme to take the post permanently, as new figures show that store openings lifted the firm's sales in 2012. DuCharme, who's appointment is still subject to ...
Tags: X5 Retail Group, Russia, CEO, Stephan DuCharme
Ascena Retail Group, Inc. announced that Dirk Montgomery has accepted the position of Executive Vice President and Chief Financial Officer, effective January 16, 2013. Montgomery succeeds Armand Correia, who will be retiring after 21 years ...
Tags: Ascena Retail Group, Dirk Montgomery, CFO, 2013
QuantiSense, the leading provider of retail analytics and decision orchestration solutions, announced that Reitmans CIO, Diane Randolph, and QuantiSense CEO, Jeff Buck, will be speaking together at the National Retail Federation’s ...
Wal-Mart has appointed Lev Khasis to the post of president and chief executive of new formats at Wal-Mart International, in a move the retail giant indicated would enhance its ability to develop new formats. Khasis has worked at Wal-Mart ...
Tags: Wal Mart, retail, new formats, food
The chairman and CEO of US retailer Safeway Inc, Steve Burd, has announced his intention to retire. Burd, who joined Safeway in 1992 as president, will step down at the company's annual stockholders meeting on 14 May. The group said it ...
Tags: Safeway, Steve Burd, retire, company news
Gov. John R. Kasich announced approvals by the Ohio Tax Credit Authority (TCA) of eight projects expected to create 526 jobs, retain 752 jobs, add more than $19 million in payroll to the economy, and spur more than $294 million in ...
Tags: Gov.John R.Kasich, Ohio Tax Credit Authority, TCA, Ascena Retail Group
Russian retailer X5 Retail Group has reported a fall in half-year sales, although there are signs its performance could be improving. In the six months to the end of June, like-for-like sales dropped 2.5%. However, the decline in ...
Tags: X5 Retail, half-year sales, fall, like-for-like sales
The CEO of Russian retailer X5 Retail Group Andrei Gusev has quit after just one year in the role. Gusev's departure is effective immediately, X5 said today (13 July), but he will remain with Russia's largest retailer by sales in an ...
Tags: X5 Retail, Andrei Gusev, departure, Gusev, resignation
Russian grocery retailer Magnit has booked a 142% jump in first-half profit, driven partly by higher sales. Magnit said today (24 July) its net profit for the six months to the end of June rose to US$339.6m. Sales increased by 33%, ...
Tags: grocery retailer, Magnit, first-half profit, higher sales, net profit
Russian retailer X5 Retail Group's bottom line improved in the third quarter year-on-year - but its sales slid and operating profit fell. X5 booked a net profit of US$12.1m for the three months to the end of September, compared to a ...
Tags: X5 Retail, sales, operating profit, bottom line