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Retail News Breaks Archives

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Week of Mon, May 20th, 2013

Lafley returns to P&G as chairman, president, CEO

Procter & Gamble Co. (P&G) has called on its former chief executive officer, A.G. Lafley, to replace Robert McDonald, who has announced he will retire effective June 30.

Target posts weak first quarter

Less than a week after rival Walmart announced weaker-than-expected domestic sales for its first fiscal quarter, Target Corp. issued disappointing first quarter results that it blamed on poor weather.

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