Every lion has its day.
The Belgian-based supermarket operator Delhaize Group is shutting 113 of its Food Lion stores and cutting 4,900 U.S. jobs as part of a broader restructuring plan, The Wall Street Journal reported.
Delhaize also plans to close seven Bloom stores and six Bottom Dollar Food stores in North Carolina, Virginia and Maryland.
It's not all closings and cuts. As Delhaize shuts some of its underperforming locations, the company said it also plans to open 450 stores in high-growth areas over the next three years.
Delhaize has about 105,000 employees based in the U.S with 1,650 stores around the country. The U.S. remains Delhaize's biggest market.
Money Talk (Sales Machine)
Sales Machine offers tips on how to talk to your prospects about money without focusing too much on the price of your good or service.
Slower Sales Growth (Bloomberg)
Just as things were looking up in terms of national employment and a happy holiday season. U.S. retail sales rose less than projected in December, signaling a slowdown in consumer spending in the beginning of 2012.
Sears Takes Another Hit (WSJ)
More troubles for Sears Holdings and its 280,000 employees: CIT Group said it would no longer finance loans to suppliers waiting on payments from the company. FINS recently spoke with Sears' new chief merchandising officer, Ron Boire, revitalizing the 126-year-old chain.
A Growth Position (Adweek)
Mike Densmore, 42, a group account director on Kraft Foods at Droga5's New York office, is taking over as the head of new business efforts at the advertising network.
One Last Hoorah (Media Decoder)
The Target team at Wieden + Kennedy is preparing its final project for the retail giant: a new store-within-a-store program called The Shops at Target, which will sell candy, cosmetics, clothes and dog treats. Target and Wieden + Kennedy announced their split last Friday.
Creating Glassdoor (FINS)
FINS talked to Glassdoor.com's founder, Robert Hohman, about what makes a good mentor-mentee relationship and when to trust others' opinions.
Target + Apple (Bloomberg)
Target is installing sections in some of its stores specifically for Apple products as a way to boost sales of iPads and computer accessories.
Buzz Around the Office
Rhino Iguanas like Kix too.
List of the Day: Important Queries
To get a sense of how your boss fits into the organization and what their expectations and goals are, it's worth asking questions like these.
1. What quality does your boss value most in her direct reports?
2. How did she get to where she is today?
3. What are her interests and hobbies?