Wal-Mart commits initial $1 million in relief to Chile
Bentonville, Ark. Wal-Mart, the world’s biggest retailer, pledged an initial $1 million on Saturday for the earthquake relief effort in Chile.
“With the impact of this earthquake on our own communities, customers, associates and suppliers, we wanted to reach out with assistance as soon as possible,” Eduardo Solorzano, who heads Wal-Mart Latin America, said in a statement.
The company said it has 34,000 employees at its D&S food stores in Chile. It bought the chain in January 2009. Wal-Mart gave no update on the quake’s effects on its stores.
Chile was struck by one of the largest earthquakes ever recorded Saturday. The magnitude-8.8 quake has killed nearly 150 people and caused widespread damage, according to authorities.
Best Buy opens Magnolia concept in Orange County, Calif.
MINNEAPOLIS and ORANGE COUNTY, Calif. Best Buy announced that it has expanded its Magnolia Home Theater concept in the Orange County area. The retailer will open a new Magnolia Design Center in the Costa Mesa Best Buy store.
According to the company, the new design center is the first-of-its-kind within a Best Buy store in Southern California and one of only eight Magnolia Design Centers the nation. The new store will offer high-performance audio and video solutions with a broad assortment of premium brands, such as McIntosh, MartinLogan, Pioneer Elite, Sonus faber and Control4. The design center will also offer state-of-the-art services like solar solutions, whole home automation and outdoor electronics.
“Magnolia Designs Centers provide a unique shopping environment for the home theater enthusiast,” said Steve Delp, COO of Magnolia Audio Video. “We believe our customers in the Orange County area will benefit from not only having exclusive brands, services and selection but also unparalleled experts to help create customized entertainment and home automation systems to fit their lifestyle.”
Lowe’s announces promotions
MOORESVILLE, N.C. Lowe’s has announced two promotions in its human resources and store planning areas.
Cedric Coco was recently promoted to SVP, learning and organizational development, having served as VP in that role since joining the company in 2008 from Microsoft. He is responsible for enterprise-wide leadership development, talent acquisition, talent management and learning strategies as well as the company’s diversity efforts.
Ronnie Damron has been promoted to SVP store planning and environment. Damron has served since 2006 as VP, new store set-up and remerchandising. He joined Lowe’s in 1979 in the Pikeville, Ky. store and has served as store manager, district manager and regional vice president.
Damron replaces long-time merchandising and store planning executive Vaughn Hayes, who announced his retirement, effective March 5, after nearly 39 years with the company.