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Deb Shops Names Questrom as Nonexecutive Chairman

BY CSA STAFF

Philadelphia Veteran retailer Allen Questrom, the former CEO of J.C. Penney, Federated Department Stores and Barneys New York, has been named nonexecutive chairman at Deb Shops Inc.

The announcement was made by Prospect Capital Corp., which has invested in the takeover of the formerly public Deb Shops this year by the Lee Equity Partners private-equity firm.

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Safeway predicts ’08 growth

BY CSA STAFF

PLEASANTON, Calif. Safeway today announced its earnings outlook for the year 2008.

Safeway said that it expects earnings per share for 2008 to be in the range of $2.25 to $2.35. The company said it anticipates that identical-store sales growth (excluding fuel) will be in the range of 3% to 3.2%. According to Safeway, the identical sales growth will be strongly affected by contributions from Lifestyle stores and product innovation.

Innovation has been, and will continue to be, the key to our success, said Steve Burd, chairman, president and ceo. “We have developed highly successful programs to reduce costs, improve service, enhance the quality of products and the shopping environment, and have established new growth vehicles. We believe this will ensure our long-term growth.”

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Meijer looks to enhance supply chain

BY CSA STAFF

GRAND RAPIDS, Mich. As part of Meijer’s new requirement for suppliers to generate their own replenishment orders as part of its scan based trading (SBT) program, the company has partnered with Prescient Applied Intelligence, a provider of supply chain and advanced commerce solutions, to test a store level replenishment (SLR) pilot program with one of its major suppliers.

“The SLR pilot program includes about a dozen stores,” said Tim Cronk, supply chain planner at Meijer. “We are using the pilot phase to set benchmarks and expectations for the 150+ store rollout, currently planned for early 2008.”

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