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Carrefour Gives CEO the Boot

Published on November 18, 2008 at 14:34:42 EST

French retail giant Carrefour will appoint Swede Lars Olofsson, a former top manager at Switzerland’s Nestle SA, as CEO of the company, effective Jan. 1, ousting current CEO Jose Luis Duran.

The change was a long time coming, writes the Globe and Mail. Last year, a consortium controlled by French billionaire Bernard Arnaults and US private-equity firm Colony Capital took a 9.1% stake in...
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Michelle Obama (Accidentally) Boosts J. Crew’s Marketing

Published on November 17, 2008 at 15:35:55 EST

J.Crew quickly capitalized on an unplanned plug on national TV for its apparel by soon-to-be First Lady Michelle Obama - and other brands also hopped on the bandwagon, writes The New York Times.

Dressed head to toe in a yellow and brown ensemble from J. Crew, Obama appeared on “The Tonight Show With Jay Leno” on Oct. 27.

The origin of her wardrobe was brought to light by a question from Leno...
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Wal-Mart Joins Army Reserve Recruiting Program

Published on November 13, 2008 at 10:42:52 EST

Wal-Mart and the Army have joined forces to recruit and train people interested in serving in the military - and also in working for the giant retailer, BusinessWeek reports.

Wal-Mart agrees to interview and consider all qualified, participating soldiers for employment after they complete military occupational specialty training. CEO Lee Scott remarked that it is “a privilege” to assist the...
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CVS Opens New Concept Store, Announces Longs Layoffs

Published on November 04, 2008 at 14:40:43 EST

CVS Caremark - after reporting strong Q3 earnings and the successful completion of its takeover of Longs Drugs last week - opened its first upscale beauty store in Washington DC’s Dupont Circle.

The new concept, called Beauty 360, targets women shoppers who “will still treat themselves to little luxuries like a $15 lipstick,” despite the cutbacks that most consumers are making, even on beauty...
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DMA Lays Off Staffers, Execs

Published on October 22, 2008 at 12:50:15 EST

The Direct Marketing Association has laid off scores of employees, including executives, in the days following its annual conference, DMA08 Conference & Exhibition, held in Las Vegas, reports BtoB.

The goal of the layoffs is “to ride out the current economic situation, ensuring we remain strong and capable of continuing to provide outstanding service to our members and customers well into the...
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Bernanke to Congress: Quick, Consider New Stimulus Package

Published on October 20, 2008 at 15:13:47 EST

Federal Reserve Chairman Ben Bernanke on Monday said another stimulus package to jump-start the economy should be on the agenda of the US Congress, reports CNNMoney.com. He was giving testimony before the House Budget Committee.

“With the economy likely to be weak for several quarters, and with some risk of a protracted slowdown, consideration of a fiscal package by the Congress at this juncture...
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Circuit City CEO Steps Down

Published on September 23, 2008 at 14:20:30 EST

Accused of having a negative impact on Circuit City’s turnaround efforts, Philip J. Schoonover has resigned as its CEO, a post he’d held since coming over from rival Best Buy in 2004, reports the Lincoln Daily News.

Board member James A. Marcum will be the interim president and chief executive. Former tobacco executive Allen B. King will be chairman of the board.

The move to replace Schoonover...
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Lampert Names New Sears CMO

Published on September 18, 2008 at 22:29:39 EST

The struggling Sears division of Sears Holding Corp. has had a new CMO and vp appointed by controversial chairman Edward Lampert, reports MediaBuyerPlanner.

Don Hamblen was promoted to the role from his former job as vp-marketing and planning, writes Brandweek. The move is one of many that Lampert has made in the hopes of boosting same-store sales by reconnecting with consumers.

In the spring,...
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‘Sex and the City’ Belle Debuts Clothing Line

Published on June 05, 2008 at 06:38:00 EST

As the film ‘Sex and the City’ gains box office popularity, actress Kristin Davis - who plays Charlotte - is introducing a new line for the classic woman, including women’s apparel, sleepwear, loungewear, shoes, handbags and jewelry, reports The Tennessean.

The line will debut in fall ‘08 at 125 Belk stores and on the company’s website, with more stores added by spring ‘09. Prices will range...
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