Report: Target setting up three DCs in Canada
NEW YORK — Target is setting up three distribution centers in Canada in preparation for its debut north of the border, according to a report in The Globe and Mail.
Although the retailer could have supplied the stores from its U.S. warehouses, it chose to set up a network specifically for its Canadian operations, the report said, with DCs planned for Toronto, Calgary and Vancouver.
Target is set to open as many as 150 stores in Canada by 2013, the first leg of its expansion into Canada after its $1.8 billion deal to buy Zellers stores from Hudson’s Bay Co.
Sunrise Greetings, Dena Designs to collaborate on new products
BLOOMINGTON, Ind. — Sunrise Greetings and Dena Designs are extending their partnership with a multi-year licensing deal that will include an expanded line of gifts and greeting cards.
The expansion marks the continuation of a relationship first established in 2005 with the launch of an exclusive line of embellished cards for Sunrise Greetings. Sunrise and Dena currently offer more than 100 everyday and season-specific cards in grocery stores, pharmacies, bookstores and independent card shops throughout the United States and Canada, the companies said.
The new offerings bearing Dena’s designs will be available from Sunrise Greetings’ sister company and Hallmark subsidiary, DaySpring.
"We are excited to continue working with Dena as her penchant for artistry adds an additional layer of beauty and emotion to our cards," Sunrise Greetings creative director Rebecca Ryan. "Our consumers will find these new products to be both aesthetically stimulating and useful in connecting with their loved ones."
John Baumer elected to Rite Aid’s board
CAMP HILL, Pa. — A partner with a private equity firm that purchased preferred stock from Rite Aid in 1999 has joined the retail pharmacy chain’s board.
Rite Aid said Thursday that John Baumer, a partner with Leonard Green & Partners, had joined the board, replacing Jon Sokoloff, the firm’s managing partner, who has resigned from the board.
Leonard Green & Partners is an affiliate of Green Equity Investors III, which said it will re-elect Baumer for a one-year term at Rite Aid’s annual stockholder’s meeting on June 23.