Lower-than-expected foot traffic driven in part by unseasonably cold weather was not enough to negatively impact Ascena Retail Group’s net sales for the third quarter ended April 27, which were bolstered by the recently acquired Lane Bryant and Catherines businesses.
Organized retail crime may have decreased very slightly last year, according to a new National Retail Federation study, but it remains a massive problem and the nation’s largest cities are especially prone to organized activities.
Procter & Gamble has grouped its global business units into four industry-based sectors and placed Martin Riant, Deborah A. Henretta, David S. Taylor and Giovanni Ciserani as global heads of each to support the company’s current growth strategies.
On the heels of reporting net revenues of $123 million for the first quarter ended May 4 — an increase of 5% from $117.2 million in the first quarter of the year prior — a Vera Bradley has announced that CEO Michael C. Ray plans to retire from the company.
CST Brands, the parent company of Corner Store and Dépanneur du Coin, have appointed Denise Incandela, EVP and CMO at Saks Fifth Avenue, to its board. She becomes the tenth member of a board chaired by CST president and CEO Kim Bowers.
Dole is on a 4,800-mile banana truck tour in an attempt to get Americans to eat more fruits and veggies, namely bananas. Company representatives will travel for a total of 102 days in a pink-and-turquoise truck during the Peel the Love Summer Food Truck Tour.