Wal-Mart Set to Kick Off Holiday Sales
New York City Wal-Mart Stores Inc. is holding special holiday in-store sales as early as this Saturday, according to its Web site. The sale will begin at 8 a.m.
The company, which held similar sales leading up to the holidays last year, said that it expects its shoppers to begin their gift-buying earlier this year to stretch limited budgets.
Wal-Mart had already started cutting prices on popular toys to attract cash-strapped shoppers looking for bargains.
Last year in early November, the company began offering the type of holiday discounts it usually reserved for “Black Friday.”
New cfo named at Proctor & Gamble
CINCINNATI Jon Moeller, currently vp and treasurer of Proctor & Gamble, has been elected cfo, effective Jan. 1, 2009. Clayton Daley, Jr., vice chairman and cfo, will retire effective Sept. 16, 2009, after 35 years of service. He will step down as cfo on Jan. 1, 2009.
Moeller most recently served as treasurer of Proctor & Gamble where he established the capital structure, cash management and AA- credit rating that have put P&G in a strong financial position for the near and long term, the company reported.
Bacardi names new cfo
MIAMI Bacardi U.S.A. has named Michael Misiorski senior vp and cfo.
Misiorski joins Bacardi U.S.A. from Absolut Spirits Co. where he was vp of finance and cfo. While at Absolut, Misiorski led a number of departments including human resources and operations, and oversaw tax reporting, budgeting and a range of other responsibilities in addition to his financial role.