Management Moves at Limited, Chico’s
Columbus, Ohio, William R. Loomis, Jr. was elected to the board of Limited Brands, the company said. Loomis has 30 years of experience in the financial services industry, and is a former CEO of Lazard LLC. He also held positions with Lehman Brothers Inc. and Citibank NA. Loomis currently serves on the boards of Alcan Inc. and Ripplewood PLC.
In other executive news, Chico’s FAS Inc. promoted Sher Canada to senior VP of Chico’s Stores. She most recently served the retailer as VP of Chico’s Stores. She has more than 25 years of experience in women’s fashion at retailers such as Brooks Fashion, The Wet Seal and Motherhood Maternity.
Safeway Applauds Union Pact in Las Vegas
Pleasanton, Calif., Safeway said it was pleased that members of the United Food and Commercial Workers Union Local 711 in the Las Vegas area have ratified a new three-year collective bargaining agreement. The agreement covers approximately 1,500 employees of Safeway-owned Vons stores in and around Las Vegas.
Green Light for Kmart and Sears
New York City New York City , The blockbuster merger of Kmart and Sears cleared the waiting period established by the Hart-Scott-Rodino antitrust law. The waiting period ended yesterday, moving the retailers forward in their merger plans. The chains say they will close their merger in early March, if all goes according to plan. The deal still needs shareholder approval and other regulatory approvals.