Best Buy names COO of Canada ops
New York — Best Buy Co. named Ron Wilson as president and COO of its Canadian operations, effective immediately. Wilson will lead the business in Canada under the Future Shop and Best Buy online brands.
As SVP merchandising and e-commerce since 2008 for Best Buy Canada, Wilson led the strategic visions of Bestbuy.ca and Futureshop.ca. Wilson previously managed several other units within Best Buy Canada, including merchandising, operations and marketing.
Report: Publix not interested in acquiring Harris Teeter
New York — Despite rumors to the contrary, Publix is not interested in acquiring Harris Teeter, according to The Ledger.
Publix is in the midst of its first expansion into North Carolina, with plans to open two stores in the Charlotte area in 2014.
Officials with Harris Teeter recently confirmed that the 208-store chain will consider offers from potential buyers.
A February report from Reuters said large grocery chains, such as Publix and Kroger, would likely consider purchasing Harris Teeter, but Publix spokesman Maria Brous brushed off that idea, the Ledger reported.
Sally Beauty Holdings in $700 million share repurchase program
Denton, Texas — Sally Beauty Holdings announced that its board has approved a new share repurchase program authorizing the company to repurchase up to $700 million of its common stock. The announcement is the first repurchase authorized by the company in 2013, but the third in the last 12 months.
In August 2012, Sally Beauty announced the approval of a share repurchase program to repurchase up to $300 million of its common stock and, in May 2012, the company repurchased approximately $200 million of its common stock. As of March 5, the company has repurchased $266.4 million of its common stock under its $300 million repurchase program announced in August 2012.
“Our strong cash flow allows us to continue the repurchases of our stock while continuing to invest in growth opportunities and other long-term initiatives,” said Gary Winterhalter, chairman, president and CEO. “We believe our recent stock repurchases have returned value to our shareholders and this new share repurchase program underscores our continued commitment to building shareholder value.”