OPERATIONS

Marsh lowers prices as part of special program

BY Staff Writer

Indianapolis — Marsh Supermarkets said Thursday that it will lower prices on select items in a move to spur sales and loyalty.

The program, called Good ‘Til, launched this month and guarantees that prices on the most popular items won’t increase for at least three months even if industry retail prices increase.

The three-month guarantees will be offered four times per year.

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FINANCE

Dollar Tree authorizes $1.5 billion buyback

BY Staff Writer

Chesapeake, Va. — Dollar Tree said that its board has approved a $1.5 billion share repurchase program. The company said it has invested more than $1.9 billion for share repurchase since 2003, including $414.7 million in 2010 and $345.9 million in 2011, to date.

“Dollar Tree continues to demonstrate the ability to self-fund growth while generating substantial free cash,” said president and CEO Bob Sasser. “The new share repurchase authorization reflects our commitment to build value for long-term shareholders and our confidence in the future.”

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OPERATIONS

Home Depot names executive VP

BY Staff Writer

Atlanta — The Home Depot announced it has named Teresa Wynn Roseborough executive VP general counsel and corporate secretary, effective in November.

Roseborough, who will be responsible for leading The Home Depot’s legal department, as well as its government relations and corporate security services functions, joins the chain from MetLife, where she most recently served as deputy general counsel.

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