Management
Warren Buffett's Berkshire Hathaway fund invested around $50 million in Dollar General during the quarter that ended June 30, federal filings show. The 1.5 million shares in the Goodlettsville, Tenn.-based discounter is a new holding for the fund, which also has investments in retailers Wal-Mart Stores and Costco.
Abercrombie & Fitch said it's concerned that having Mike "The Situation" Sorrentino and his fellow "Jersey Shore" cast members seen in its clothing could cause "significant damage" to the company's image.
A United Dairy Farmers' store in Columbus, Ohio has decided to play classical music as a part of several upgrades, and customers say it's helping cut down on people who loiter around the business.
RadioShack Corp. has hired the chief financial officer of Ace Hardware. Dorvin Lively, 53, will be RadioShack's CFO as well as chief administrative officer, the company said.
Wal-Mart is transferring management of its e-commerce business to store-level leadership in developed countries and said that two online executives are leaving the company.
Amazon.com said that it's adding hundreds of jobs to a central Pennsylvania distribution center. The company said it would add an unspecified number of full-time jobs at the warehouse in Carlisle. Amazon officials say hourly jobs in packing and shipping will be available, along with management positions.
CVS has been receiving some negative press and social media commentary over the length of its paper receipts. Take this posting from the Facebook page "One Million Strong Against Unnecessarily Long CVS Receipts" as an example: "My last CVS receipt for $3.34 was 25.5 inches long. And that's too (expletive) long. I don't care that they use my CVS card to track me across the planet, I just want a receipt that isn't 1/3rd my height."
Brown Shoe Company has made four strategic additions to the leadership team within its American Sporting Goods division, appointing James M. Hoff as vice president, sales, across all ASG brands; Alan Vickers as vice president, international; Brad Little as vice president and brand manager, Avia and Nevados; and Jorge Cabrera as vice president, athletic product development.
Ashley Stewart, a manufacturer of plus-size apparel, announced that its board of directors has appointed Celia Clancy as president and CEO. "I am thrilled to have the opportunity to lead Ashley Stewart, with its iconic brand in plus-size fashion and deep heritage in the urban community," said Clancy.
PC Connection announced that Timothy McGrath has been promoted to CEO. McGrath will succeed co-founder Patricia Gallup, who will continue as executive chairman of the board of directors and also serve as chief administrative officer, overseeing corporate governance and administration.