OPERATIONS

Eddie Bauer names former Nike executive as new CEO

BY Katherine Boccaccio

Seattle — Eddie Bauer announced Tuesday that Michael R. Egeck has been named its president and CEO, replacing interim CEO David Chamberlain who will remain a member of the board.

Egeck was most recently CEO of Hurley International, a division of Nike. He has also served as president of True Religion.

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OPERATIONS

Top 10 locations for retail criminal activity

BY Katherine Boccaccio

Washington, D.C. — The National Retail Federation released Tuesday the Top 10 cities for organized retail crime activity.

Topping the list is Atlanta. The other nine are:

  • Baltimore/Washington, D.C.
  • Chicago
  • Dallas
  • Houston
  • Los Angeles/Orange County, Calif.
  • New York, N.Y./Northern N.J.
  • Miami
  • Phoenix
  • San Francisco/Oakland, Calif.

See related story, NRF: Organized retail crime continues to rise.

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FINANCE

Walgreens May sales dip 1.6%

BY Staff Writer

Deerfield, Ill. — Walgreens reported Tuesday that net sales for the month of May dropped 1.6% to $5.98 billion, compared with $6.08 billion in the year-ago period.

Total front-end sales edged up 0.3%, and same-store sales dipped 1%.

Total sales for the third quarter of fiscal 2012 were $17.77 billion, down 3.3% from $18.37 billion in the third quarter last year.

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