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November 01, 2014

TOP STORY

Shore succeeds Efird as CEO at Fredís

Fred’s Inc. has selected Jerry Shore as the discount retailer’s next chief executive officer.

Shore will succeed Bruce Efird, who recently announced he would be leaving the company when his contract expires.

Shore has served as an executive vice president and chief financial officer for the past 14 years. In January, he took on the added role chief operating officer.

 

RETAIL NEWS BREAKS

Dollar General still seeking shares in Family Dollar

Dollar General Corp. is again extending the deadline on its $80-a-share tender offer to buy Family Dollar Stores Inc., as just 4.1 million shares have been validly tendered and not withdrawn.

Walmart kicks off holiday season with price rollbacks, deals

Walmart is rolling back prices on more than 20,000 items at its Supercenters and on its website starting November 1 as it unwraps the first round of year-end holiday deals.

Family Dollar to hold shareholder vote on merger

Family Dollar Stores Inc. shareholders will vote December 11 on the company’s proposed $8.5 billion merger with Dollar Tree Stores Inc.

Meg Ham named president of Food Lion

Delhaize America has tapped Meg Ham to serve as president of its Food Lion unit, effective November 1. She succeeds Beth Newlands Campbell, who is leaving the company.

Scorpiniti resigns as CEO of Rexall

Frank Scorpiniti has resigned as chief executive officer of Rexall Pharma Plus, Chain Drug Review has learned.

Tesco chairman Richard Broadbent to step down

Tesco PLC chairman Richard Broadbent has announced plans to step down from his post at the company, Britain's largest retailer, following the revelation of accounting irregularities and falling sales in its home market.

Target details holiday season plans

Target Corp. is offering free shipping on all online purchases through December 20 as the centerpiece of its strategy for the end-of-year holiday season.

More Retail News Breaks >>

SUPPLIER NEWS BREAKS

P&G to divest Duracell battery business

Procter & Gamble Co. (P&G) is spinning off its Duracell business, the latest brand to be jettisoned by the world’s largest consumer products business as it concentrates on its most important markets and brands.

Avanti adds new greeting cards to its line

Avanti Press Inc. is refreshing its lineup for the fourth quarter with 22 new greeting cards.

ECRM redesigns its website

Efficient Collaborative Retail Marketing (ECRM), which is celebrating its 20th anniversary this year, has revamped its website, www.ecrm.marketgate.com, to offer a fresh look, better navigation and improved functionality.

Coty CEO Michele Scannavini resigns

Michele Scannavini has stepped down from his post as chief executive officer of Coty Inc. for personal reasons, the company announced Monday. He has also resigned from Coty's board.

Profoot launches marketing campaign

Profoot Inc. has kicked off what the company calls its largest integrated marketing campaign.

N.Y.C. New York Color signs Demi Lovato as ambassador

Singer and actress Demi Lovato has signed on with N.Y.C. New York Color as its first global brand ambassador.

Zim's introduces vapor rub

Zim's has expanded its product roster with the introduction of Zim's Advanced Vapor Rub.

More Supplier News Breaks >>
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