OPERATIONS

Blue Square-Israel Announces Resignation of Director

BY CSA STAFF

Rosh Haayin, Israel Blue Square-Israel Ltd. announced that Erez Meltzer resigned from his position as director in Blue Square’s board of directors, effective December 31, 2007. Meltzer served as director since August 2006.

Blue Square-Israel Ltd., a leading retailer in Israel, currently operates 183 supermarkets under various banners.

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Union Votes for Safeway Contract

BY CSA STAFF

Roseville, Calif. A union of supermarket workers said Friday it voted to approve a new four-year labor contract with two of Safeway Inc.’s chains in Northern California. The contract covers about 25,000 employees at 300 Safeway and Vons supermarket chains in the area.

The union, United Food and Commercial Workers (UFCW), said the new contract includes wage increases and improvements in health care, pensions and job-protection language.

Under the new contract, UFCW members will not be required to pay premiums for health care, the union added.

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Neiman Marcus CEO Renews Contract

BY CSA STAFF

Dallas

Neiman Marcus Group Inc. CEO Burton M. Tansky has renewed his contract for another two years. The contract, which was set to expire in October 2008, has been extended to October 2010, according to a report on WWD.com.

The contract provides that Tansky’s employment will automatically be extended for one-year periods after the term of the agreement expires unless, at least six months prior to the commencement of any one period, Tansky or the board decides it’s time for him to retire. A Securities and Exchange Commission filing, which disclosed the contract renewal, lists Tansky’s base salary at $1.3 million, the report said.

Last October, the Neiman Marcus Group formed an office of the chairman, throwing the spotlight on two veteran officials, Karen Katz and James Skinner, as leading contenders to one day succeed Tansky.

Katz is president and CEO of the Neiman Marcus Stores division. As part of the chairman’s office, she has the additional role of executive VP of the group, entailing responsibilities for strategy, business development and marketing.

Skinner, senior VP and CFO, is included in the office of the chairman. He is also executive VP and CFO of the group, with responsibility for information services.

Tansky, who has been at the helm of the high-end retailer since the early 1990s, also serves as chairman and president of the corporation.

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