Publix to Open Publix Sabor in May
Lakeland, Fla., Publix Super Markets is rolling out Publix Sabor, the grocery chain’s Hispanic-themed supermarket, in two existing locations in Kissimmee and Hialeah, Fla. The stores will open in early May and feature more Hispanic food and grocery categories than a typical Publix. Bilingual employees will also be part of the mix of Sabor, which translates to “flavor.”
“Publix Sabor was designed to meet the needs of our customers in particular neighborhoods throughout the Central and South Florida regions,” said Maria Brous, director of media and community relations, in a release.
PriceSmart Closes Chapter on Restatement
San Diego, PriceSmart has put an end to litigation related to its restatement of financial reports in late 2003. PriceSmart will pay $2.35 million to settle a shareholder lawsuit in federal court in California. The San Diego-based retailer said that about 80% of the settlement payment will be funded by the company’s insurance carrier. The retailer said the settlement does not constitute an “admission of liability” on the part of the company or its former officers. PriceSmart, a warehouse club operator, previously settled a separate federal court securities lawsuit and a state court shareholder derivative lawsuit. The company said the third settlement brings the litigation to a conclusion.
Ann Taylor Promotes Two Execs
New York City, Ann Taylor Stores Corp. promoted two of its executives to executive VP.
Adrienne Lazarus was named executive VP of Ann Taylor Stores merchandising and design. She was most recently senior VP and general merchandising manager for Ann Taylor Stores.
Donna Noce was promoted to executive VP of Ann Taylor Loft merchandising and design. She most recently served the retailer as senior VP of Ann Taylor Factory Stores.