Family Dollar names VP
Matthews, N.C. — Family Dollar announced that it has named Holly Shaskey-Platek to the position of senior VP – merchandising. She will lead the home, apparel and seasonal divisions.
Prior to joining Family Dollar in 2008 as a consultant to provide company-wide change management leadership, Holly spent a total of 25 years with Target Corp. and ShopNBC.
Bebe Q2 net income down 36%
New York — Bebe Stores Inc. reported that net income for the second quarter fell 36.2% to $3 million, from $4.7 million in the year-earlier quarter.
Revenue in the quarter fell 0.6% to $131.5 million from last year. Same-store sales fell 2.5%.
Report: Supervalu seeking buyers for entire company
New York — Advisors to Supervalu Inc. are asking potential buyers to bid for the entire operation, even as several suitors have inquired about individual parts of the U.S. grocery company, according to a report by Bloomberg News.
In July, Supervalu said it was looking at options for overhauling the company, including a sale. The chain hired Goldman Sachs Group Inc. and Greenhill & Co as advisors.