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Chico's names new COO
FORT MEYERS, Fla. — Chico's FAS announced Tuesday that it has appointed Kent Kleeberger to the position of EVP and COO.
Kleeberger will replace Jeffrey Jones, who is retiring from the company, effective March 7. Jones will serve as part-time consultant to the company during a transition period.
Kleeberger, 58, has served as EVP finance and CFO of Chico's FAS since joining the company in November 2007. Previously, he was SVP and CFO for Dollar Tree Stores.
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Wegmans commits to maintaining prices amid rising food costs
ROCHESTER, N.Y. — Escalating food costs may have a firm grip on consumers' wallets, but one retailer is promising "to keep prices low and [its] quality and service high."
Wegmans this week said that it will not change the prices on 40 of the products most important to families through the end of 2011. According to the company's website, many of the items listed include store-brand products and produce. Wegmans also noted that counting different varieties and sizes, about 200 items are covered by the company's price pledge.