Talbots Names New Chairman of the Board
Hingham, Mass. Talbots Inc. said Thursday that it named Tsutomu Kajita, who has been a company director since 2005, as non-executive chairman of the board.
Kajita is an executive at Aeon Co., Talbots’ majority shareholder.
Talbots also named Gary Pfeiffer, who’s been an independent director at Talbots since 2004, as an independent lead director of the board, a newly established position.
Spartan Stores 1Q sales up 12.8%
GRAND RAPIDS, Mich. Spartan Stores reported that net sales for the first quarter increased 12.8% to $586.7 million from $520.2 million in last year’s first quarter.
Net earnings for the quarter increased 52.2% to $9.9 million, or 46 cents per diluted share, from $6.5 million, or 30 cents per diluted share, in the same period last year.
Fresh & Easy opens 20th store in Phoenix
PHOENIX Fresh & Easy Neighborhood Market has opened its 20th store in Phoenix, bringing its total number of U.S. stores to 67.
Fresh & Easy also announced four upcoming store openings in the Phoenix area, including the grocer’s first in Tempe, Ariz.