Domino helping out on the home front
ISELIN, N.J. — Domino Sugar has donated $50,000 to the American Red Cross for relief and rebuilding efforts in the Northeast following Hurricane Sandy.
Domino Sugar, which owns a refinery on the Hudson River in New York and whose sales office is headquartered in New Jersey, launched the first phase of its giving program over the Thanksgiving holiday with a donation to the American Red Cross of 30,200 lbs. of assorted Domino Sugar products. The food supplies were shipped from Domino Sugar’s Baltimore refinery and distributed to local food drives through the Community Food Bank of New Jersey.
"All of us that live in the storm-impacted areas have dealt with power-related outages, falling trees and in some cases, even surge flooding," said Brian O’Malley, president of Domino Foods. "Fortunately, even though our New York refinery was shut down for almost two weeks, our employees personally were spared the most severe havoc Hurricane Sandy brought to our tri-state community. But, not all in our communities were so fortunate. We witnessed the tremendous response of the American Red Cross, who were among the first on the scene providing assistance to those that lost literally everything. Our $50,000 donation to the Red Cross is another way to assist and thank them for the services they are providing, and also to give back in a meaningful way to our fellow citizens who continue to struggle in the aftermath of the storm."
Given the spirit of these efforts, Domino Sugar has also set up a microsite where its employees and partners can join the company in support of the American Red Cross at https://american.redcross.org/dominofoods-emp.
The TJX Companies extends its e-commerce reach
FRAMINGHAM, Mass. — The TJX Companies has acquired Sierra Trading Post, an off-price Internet retailer based in Cheyenne, Wyoming, for approximately $200 million in cash.
The purchase was financed from TJX’s existing cash balances.
Sierra Trading Post is a privately held company that launched its e-commerce business in 1999. The company has successfully grown its business to more than $200 million in annual revenue, and has a strong organization of approximately 700 associates with substantial e-commerce experience and expertise.
As part of this transaction, TJX acquired Sierra’s office, fulfillment center and photography studios in Cheyenne, Wyoming, its customer call centers in Cheyenne and Cody, Wyoming, and its four outlet stores in Idaho, Nevada and Wyoming.
“We are very pleased with the addition of Sierra Trading Post to the TJX family. We continue to plan on launching e-commerce sites for TJX brands and this acquisition adds immediate scale, capabilities and infrastructure in e-commerce, which we can leverage in that regard. We believe we will be able to build upon this platform as we continue to develop our e-commerce strategy. Further, we are confident that TJX can help grow the Sierra business profitably through our buying scale, marketing and our other capabilities,” said Carol Meyrowitz, CEO of the TJX Companies.
“As an off-price online retailer, Sierra Trading Post shares many characteristics with TJX. As we do, Sierra offers branded apparel, footwear and home furnishings at great values, has a very loyal customer base, strong vendor relationships, and operates with a low cost structure. We also see Sierra’s management team, with their deep Internet retailing experience, as a complement to the strong e-commerce team we have built within TJX,” added Meyrowitz.
The TJX Companies operates 1,039 T.J. Maxx, 912 Marshalls and 417 HomeGoods stores in the United States; 222 Winners, 88 HomeSense and 14 Marshalls stores in Canada and 344 T.K. Maxx and 24 HomeSense stores in Europe.
Sainsbury names gold medal board member
Leading U.K. retailer J. Sainsbury named Jean Tomlin to its board as a non-executive director, effective January 1, 2013.
Tomlin’s appointment follows the previously announced retirement of Anna Ford from her role as non-executive director, effective December 31. In addition to her overall board contribution, Tomlin will chair the company’s corporate responsibility committee and sit on the remuneration and nomination committees.
Tomlin is the HR director for the London 2012 Organizing Committee of the Olympic and Paralympic Games, where she oversaw the creation and execution of the hugely successful Games Maker volunteering program. She was previously group HR director at Marks & Spencer plc, HR director of Egg plc and sales and operations director of Prudential Direct.
Tomlin began her career as a graduate at Ford Motor Company working in personnel, training and labour relations and has also held a number of non-executive roles, serving on the board of the Greenwich Healthcare Trust and the Student Loans Company. She has also been a commissioner for judicial appointments, a member of the qualifications and curriculum advisory board, the race relations advisory group, and a trustee of CIDA (a South African self-funding university).
“We’re delighted to welcome Jean to our board. Her unique experience and breadth of skills will be a great addition to the board and we particularly look forward to her leadership of the corporate responsibility committee which contributes significantly to the success of Sainsbury’s,” said Sainsbury’s chairman David Tyler on Tomlin’s appointment.
“Sainsbury’s has an outstanding reputation and, with 22 million customers and 150,000 colleagues, touches so many areas of day-to-day life. I very much look forward to playing my part in the company’s future progress,” added Tomlin.