FINANCE

Bebe Q2 net income down 36%

BY Staff Writer

New York — Bebe Stores Inc. reported that net income for the second quarter fell 36.2% to $3 million, from $4.7 million in the year-earlier quarter.

Revenue in the quarter fell 0.6% to $131.5 million from last year. Same-store sales fell 2.5%.

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FINANCE

Report: Supervalu seeking buyers for entire company

BY Marianne Wilson

New York — Advisors to Supervalu Inc. are asking potential buyers to bid for the entire operation, even as several suitors have inquired about individual parts of the U.S. grocery company, according to a report by Bloomberg News.

In July, Supervalu said it was looking at options for overhauling the company, including a sale. The chain hired Goldman Sachs Group Inc. and Greenhill & Co as advisors.

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News

Former Target exec named merchandising SVP at Family Dollar

BY CSA STAFF

MATTHEWS, N.C. — Family Dollar Stores has named Holly Shaskey-Platek to the position of SVP merchandising. She will lead the home, apparel and seasonal divisions and report to Paul White, EVP, chief merchandising officer.

“Capitalizing on a greater share of customers’ discretional needs is critical to our ability to increase the sales productivity of our stores and to grow our market share,” said White. “Under Holly’s leadership, we will continue to focus on assortment, merchandise presentation and promotion, supplier relationships, and business capabilities.”

Prior to joining Family Dollar in 2008 as a consultant to provide company-wide change management leadership, Holly spent a total of 25 years with Target Corp. and ShopNBC where she led men’s apparel and private brand development teams and implemented an assortment-planning tool to support expanded clustering capability.
To read more about the latest personnel move and merchandising initiatives at Familty Dollar, click here.

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