Wal-Mart Dodges Boycott With Apology
Bentonville, Ark., The Catholic League for Religious and Civil Rights called off a boycott of Wal-Mart Stores after the retailer apologized for an e-mail that suggested that Christmas originated from many world religions.
The Catholic League had called the boycott after a customer-service employee responded to a customer’s complaint that Wal-Mart had replaced a “Merry Christmas” greeting with “Happy Holidays.” The employee responded that Christmas drew many of its rituals from many ancient peoples including the Visigoths, Celts and Semites.
Wal-Mart said the employee sent the message without review from his superiors and that it does not reflect the company’s opinion. The retailer also said that the employee no longer works for Wal-Mart.
Christopher & Banks Adds Former Galyan’s Head to Board
Minneapolis, Christopher & Banks Corp. has added Robert Mang to its board of directors. He was chairman and CEO of Galyan’s Trading Co. from 2000 to his retirement in 2004.
His addition expands the retailer’s total number of board seats to eight and the number of independent directors to six.
Tommy Hilfiger Receives Five Takeover Offers
New York City, Tommy Hilfiger has received five separate takeover offers, as the fashion design company seeks a buyer while struggling with its U.S. wholesale business, according to today’s Financial Post.
According to sources close to the company, private equity firms Apax Partners and Oaktree Capital Management have submitted bids; names of the remaining three bidders are not yet available.