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• The Wall Street Journal reports that craft store chain Michael's has hired Ashley Buchanan, described as a "rising star at Walmart," to be its new president/CEO.

Buchanan most recently was Walmart's chief merchandising and chief operating officer for its U.S. e-commerce business.

• BJ's Wholesale Club announced that its president, Lee Delaney, will become the company's CEOm effective February 2. At that time, current chairman/CEO Christopher Baldwin will take on the role of executive chairman.
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