Eddie Bauer names former Nike executive as new CEO
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.
Top 10 locations for retail criminal activity
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.
- Los Angeles/Orange County, Calif.
- New York, N.Y./Northern N.J.
- San Francisco/Oakland, Calif.
See related story, NRF: Organized retail crime continues to rise.
Walgreens May sales dip 1.6%
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.