Wal Mart (copy)

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The Associated Press

Hanesbrands opens Champion retail store

Hanesbrands Inc. said its Champion Athleticwear brand has opened its first U.S. store in Los Angeles at a time when many retailers are closing stores.

“The global sphere of influence in Los Angeles with regard to fashion, art, sports and entertainment culture make it the perfect place for Champion to bring its iconic heritage and product stories to life,” Susan Hennike, president of Champion Athleticwear, said in a statement.

The store will feature onsite customization, allowing shoppers to design one-of-a-kind Champion garments made on-demand and tailored to their specific preferences. Additionally, there will be a number of specialized product assortments only available in the Los Angeles store.

Hanesbrands has 245 domestic and 475 international retail and outlet stores.

Richard Craver

Walmart plans $70M

in renovations in N.C.

Walmart said Wednesday it will spend $70 million over the next 12 months to update 20 North Carolina stores, including two in Winston-Salem, as part of a companywide refreshing initiative expected to cost $11 billion in fiscal 2019.

The renovations will include rolling out several in-store and online customer-service innovations.

The renovation is slated to be completed April 20 at the 3475 Parkway Village Court location in southern Winston-Salem. A completion date has not been set for the 4550 Kester Mill Road store.

The only other Triad and Northwest N.C. store affected by renovation is the store at 1801 U.S. 421 in Wilkesboro.

The remodeled stores will feature dedicated pickup space for online grocery orders. The company said the service is free, and prices are the same as in-store. It has 53 grocery pickup locations in North Carolina and plans to add another 50 over the next 12 months.

It also will offer “pickup towers” that allow customers to retrieve their online orders in less than a minute by scanning a bar code sent to their smartphone. The service is available now in five N.C. stores and will be featured at the Parkway Village store.

Richard Craver

Caterpillar board declares 78-cent quarterly dividend

The board of directors of Caterpillar Inc. declared Wednesday a quarterly cash dividend of 78 cents per share of common stock.

The dividend is payable May 19 to shareholders registered as of April 23.

Since 2007, the company’s cash dividend has more than doubled.

Caterpillar has paid a cash dividend every year since the company was formed and has paid a quarterly dividend since 1933.

Caterpillar subsidiary Progress Rail’s local railroad-equipment production plant had 160 employees at last count.

Richard Craver

Boone medical company names new president

Pneuma Respiratory Inc., based in Boone, said it has named Dr. Steven Kesten as president and chief medical officer.

Pneuma is most known for developing Pneumahaler, the first fully digital breath-activated inhaler. It was founded in 2015.

Kesten joins Pneuma as the company pursues Food and Drug Administration approval for a portfolio of therapeutics targeting asthma and chronic obstructive pulmonary disease.

Kesten served as vice president of respiratory products at Boehringer Ingelheim.

Richard Craver

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