FINANCE

Report: Harris Teeter considering sale

BY Katherine Boccaccio

New York — A Tuesday report by the Wall Street Journal said that Harris Teeter Supermarkets is considering putting itself up for sale.

Citing unnamed sources, WSJ reported that the grocer is working with J.P. Morgan Chase & Co. to pursue strategic options.

No one from Harris Teeter has commented yet.

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OPERATIONS

Claire’s names Sam’s Club merchandising chief as president

BY Katherine Boccaccio

Chicago — Claire’s Stores announced Tuesday that Sam’s Club EVP and chief merchandising officer Linda Hefner Filler has been named president of Claire’s North America, effective March 1.

Filler will report to CEO Jim Fielding and will be charged with implementing operational and strategic initiatives for Claire’s in the U.S., Canada, Puerto Rico and the Virgin Islands.

Filler has served in several senior capacities for Wal-Mart Stores, having been EVP and general manager of the Wal-Mart Home Division prior to her position with Sam’s Club.

Claire’s also announced that Holly Cohen joined the company in January as SVP, global real estate and construction. She previously served in the same role for J. Crew.

Peter Collyer will join the company from the Walt Disney Co. consumer products division in mid-February as SVP global human resources.

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FINANCE

Michael Kors profit dips in Q3; nearly doubles full-year forecast

BY Katherine Boccaccio

New York — Michael Kors Holdings Ltd. reported Tuesday that profit for the quarter ended Dec. 29 decreased to $636.8 million, compared with $373.6 million in the year-ago period.

However, the designer and retailer forecasted fiscal 2013 profit at more than double its year-earlier performance.

Revenue surged 70% in the third quarter, fueled by strength in the accessories category, and the company predicts that fiscal 2013 sales will leap 62%.

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