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Francesca's taps Men’s Wearhouse CFO as new president
Houston -- Francesca’s Holdings Corp. announced Monday that it has appointed Men’s Wearhouse CFO Neill Davis to its newly created position of president. Both companies are based in Houston.
Davis, a 15-year executive of Men’s Wearhouse, has been a board member of the apparel and accessories chain for the past five years. He will officially become Francesca’s president on Aug. 6.
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Report: Tesco could exit U.S. if Fresh & Easy doesn’t improve
New York -- U.K. retailing giant Tesco PLC could give up its American supermarket venture, Fresh & Easy Neighborhood Market, if the chain continues to disappoint and not make a profit, RetailWeek and other British news organizations reported.
In remarks at the company’s annual meeting on Friday, Tesco CEO Philip Clarke said: “If we see there is no chance of success, we’ll do as we’ve just done in Japan,” referring to Tesco’s deal this month to exit that market.