Read All About It: August Spending
New York City, American consumers took a vacation from retail stores during the month of August, according to Britt Beemer, founder and chairman of America’s Research Group. Back-to-school retailers emerged as big winners, based on the group’s Consumer Mind Reader survey, while home-improvement and auto-parts setors saw significant drops.
For the full article, “Consumers Pull Back on Retail Spending in August,” click on Guest Commentaries.
Safeway Appoints White
Pleasanton, Calif., Safeway Inc. appointed James D. White, 44, to the position of senior VP, corporate brands. He will oversee the corporate brands organization including its marketing, manufacturing, finance and outside sales functions. He joins Safeway from Gillette Company where he spent three years as senior VP for business development, North America.
Seven-Eleven Japan Extends Offer
Tokyo, Seven-Eleven Japan Co. announced that, at the request of the special committee of the board of directors of 7-Eleven, it has extended its all-cash offer for the outstanding shares of 7-Eleven that it does not already own until midnight, EST, on Tuesday, Oct. 18. The extension will provide the special committee with additional time to complete its review and evaluation of the tender offer.