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November 27, 2014

TOP STORY

Mac Naughton set to leave Walmart: WSJ

Duncan Mac Naughton

Walmart chief merchandising officer Duncan Mac Naughton is leaving the company, according to a report in The Wall Street Journal.

The article, which cited "people familiar with the matter," gave no reason for Mac Naughton's planned departure, which was expected to be announced just days before Black Friday.

 

RETAIL NEWS BREAKS

Aldi promotes Hart to chief executive officer

Aldi Inc. has announced that it is promoting Jason Hart to chief executive officer, effective April 1.

Scorpiniti named chief executive of Earth Fare

Frank Scorpiniti, who resigned last month as chief executive officer of Rexall Pharma Plus, is now CEO of the Earth Fare natural food grocery chain, according to his LinkedIn profile.

Dollar Tree profit surges in third quarter

Dollar Tree Inc. reported on Thursday a 9.9% rise in gross profit in its third quarter on its strongest quarterly sales growth since 2011.

Family Dollar merger vote postponed

Family Dollar Stores Inc. on Wednesday delayed a vote by shareholders on the company’s proposed $8.5 billion merger with Dollar Tree Stores Inc. The vote is now scheduled for December 23.

Targetís sales and earnings up in third quarter

Target Corp. posted third quarter earnings Wednesday that beat estimates on U.S. sales, which grew faster than expected, and showed improvement at the retailer’s Canadian stores.

Samís Club announces Black Friday deals

Sam’s Club on Monday unveiled Black Friday savings for members buying a variety of items, either in-club or online.

Target teams with Kaiser Permanente on clinics

Target Corp. is introducing new medical services, including primary care, to four clinics in Southern California as part of a model being tested in collaboration with Kaiser Permanente, a health care provider.

More Retail News Breaks >>

SUPPLIER NEWS BREAKS

Bayer Consumer Care's Heist set to retire

David Heist, director of industry affairs and customer relations at Bayer Consumer Care, has announced his retirement.

Longtime Energizer exec Martire to retire

Veteran Energizer Holdings Inc. executive Lou Martire plans to retire next year after more than four decades at the company.

Actavis buys Allergan

Actavis PLC is acquiring Allergan Inc. in a transaction valued at about $66 billion. The combination will create one of the top-10 global pharmaceutical companies by sales revenue, with combined annual pro forma revenues of more than $23 billion anticipated in 2015.

GMDC names Spear as new president

Veteran consumer packaged goods executive Patrick Spear has taken the reins as president of the Global Market Development Center (GMDC).

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.

More Supplier News Breaks >>
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