Finance & Capital Management

Dublin, Calif. -- dd’s Discounts, a division of Ross Stores, Inc. will open a new store in Arizona, on Sept. 27. The store is located in the Squaw Peak Plaza in Phoenix.  

Including this new location, dd’s Discounts operates approximately 150 locations in 13 states and is on schedule to complete its expansion plan to open approximately 20 locations in 2014.

GNC Holdings has appointed former Dick's Sporting Goods executive Jeffrey R. Hennion as EVP, chief marketing and e-commerce Officer, and former Office Depot executive Daisy Vanderlinde as chief human resource officer.

Additionally, Carl Seletz, GNC's SVP of international business development, will assume the additional responsibility of leading the company's domestic and international franchise operations.

Pittsburgh -- GNC Holdings named Jeffrey R. Hennion as executive VP, chief marketing and e-commerce officer. Hennion most recently served as president and CFO of mobile commerce provider Branding Build.

Prior to Branding Brand, Hennion led GNC's marketing and e-commerce efforts in 2011 and 2012.  He also spent 10 years with Dick's Sporting Goods in a number of senior leadership roles, including executive VP, chief marketing officer and head of e-commerce.

St. Louis -- Brown Shoe Company has invested $9 million in Jack Erwin, an online men’s shoe brand that launched last year. It’s Brown’s first investment in a startup.

Founded by Ariel Nelson and Lane Gerson, Jack Erwin creates high-quality men’s shoes, selling them directly to consumers for under $200 a pair.

R.J. Reynolds Tobacco Company has appointed Debra A. Crew president and chief commercial officer, effective Oct. 1. Crew is currently the president and general manager of PepsiCo North America Nutrition.

Hoffman Estates, Ill. – A $400 million loan Eddie Lampert, the CEO and largest shareholder of Sears Holdings Corp., is making to Sears this month reportedly is only enough to last the struggling retailer for three months. According to Bloomberg, global ratings agency Fitch Ratings is projecting that Sears will need $4 billion in capital to avoid running out of cash altogether in 2016.

Undeterred by pet specialty heavyweights PetSmart and Petco, Pet Supermarket just opened its 150th location and has plans for more.

The forty year old Sunrise, Fla.-based company recently opened its 150th location in the central Florida town of Bartow and indicated it plans additional growth while stopping short of providing a specific expansion target. The company’s stores measure about 7,500-sq.-ft. and are currently concentrated in states such as Georgia, Alabama, North Carolina, South Carolina, Tennessee, Texas, Kentucky, California and Nevada.

Atlanta -- Home Depot Inc. confirmed that some 56 million payment cards were likely compromised in its five-month data breach, making it the largest known breach of a retail company’s computer network to date. By comparison, the widely publicized breach at Target last December affected 40 million credit and debit cards.