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February 05, 2012
January provided a happy new year for a few mass market chains while others blamed warm weather for their disappointing results.
On the whole, mass and drug chains that have reported fared better than department stores and specialty retailers depending on apparel sales.
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John Mulligan, senior vice president of finance at Target Corp., has been promoted to executive vice president and chief financial officer. In further turnover of its marketing and merchandising leadership, Supervalu Inc. has named Michael Moore as executive vice president and chief marketing officer. Gregg Steinhafel, chairman, president and chief executive officer of Target Corp., has been elected chairman of the Retail Industry Leaders Association (RILA). Tom Keller, president of Safeway Inc.'s Vons division, plans to retire next month after over four decades in the food retailing industry. A round of senior management changes is under way at Walmart, which has named a new chief executive officer for Sam's Club, whose current CEO is leaving, and promoted a pair of executives to fill two newly created posts: chief operating officer for its U.S. division and corporate chief administrative officer. Stop & Shop is reintroducing its Guaranteed Value private label with a new look and new products. H-E-B has begun major pricing and healthy shopper campaigns that it said will help customers realize more savings and improve their health in the new year.
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SymphonyIRI Group has announced a new board of directors that includes former executives from Ahold, Kroger and Walmart. Gillette is set to launch a precision styling tool for men with facial hair, the Fusion ProGlide Styler, and has signed musician Andre 3000 Benjamin and actors Gael Garcia Bernal and Adrien Brody as brand ambassadors. ConAgra Foods Inc. has agreed to buy Del Monte Canada Inc. from an affiliate of private equity firm Sun Capital Partners. Kraft Foods Inc. plans to realign its U.S. sales organization and lay off about 1,600 employees as it readies for a spin-off of its grocery business, splitting the food manufacturing giant into two public companies. Hershey Co. has expanded its Jolly Rancher candy line with Jolly Rancher Crunch 'N Chew, which the company said provides "a unique way to enjoy bold fruit flavor." Old Spice has rolled out a new advertising campaign for its lineup of Old Spice Red Zone body sprays and has unveiled a new scent called Danger Zone. Catalina Marketing Corp. has named John Miles as its new executive vice president and chief information officer.
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