Finance & Capital Management

Brookstone president and CEO James M. Speltz has resigned. The product development company and specialty retailer with 240 stores in malls and airports across the U.S has appointed chief merchandising officer Steve Schwartz as interim president and CEO.  

Goya Foods plans to open a state-of-the-art distribution center in Georgia to aid with the expansion of their business in the southeast region.

Located at 4005 Haworth Pkwy., in McDonough, the facility will be officially inaugurated with a ribbon-cutting ceremony Wednesday, Sept. 17, between 10:30 a.m. and 2p.m. McDonough’s Mayor Billy Copeland will be present for the ceremony.

Austin, Texas -- Revionics announced that Niemann Foods, a chain of grocery, pet food, hardware, pharmacies and gas stations in the Midwest, has selected Revionics as its price optimization provider.

Revionics will be providing Niemann Foods with their SaaS-based price optimization solution, which includes robust price management, science-based optimization, forecasting, simulation and effectiveness measurement.

Top Dick’s Sporting Goods executives Joe Schmidt and John Duken have announced plans to leave the retailer before the end of the fiscal year.

Schmidt has served as Dick’s president and COO since 2009. He joined the company in 1990 and has served in key leadership roles with the retailer during his 24 year tenure. Schmidt will remain with the company until the end of the fiscal year, but could leave sooner once a successor is named.

Plug and Play’s quarterly pitch competition event, Plug and Play Fall Expo 2014, is coming to Plug and Play’s campus in Sunnyvale, California. Fall Expo 2014 will feature 40-plus startup pitches, panel discussions and corporate networking. It will be held Thursday, Sept. 18, from 9:30 a.m. – 7 p.m. PDT.

Chain Store Age will be in attendance and we hope to see you there!

Minneapolis -- Target plans to open its sixth TargetExpress store, in the South Park area of San Diego, in July 2015.

At approximately 19,000 sq. ft., the store will be about 14% of the size of a standard Target store (135,000 sq, ft.). Similar to other TargetExpress locations, it will offer an edited assortment that is locally relevant.

New York -- Brookstone said its president and CEO, James M. Speltz, has resigned. The specialty retailer appointed Steve Schwartz, the company's chief merchandising officer, to serve as interim president and CEO.

Speltz helped Brookstone emerge from Chapter 11 bankruptcy protection in June. Also in June,  a bankruptcy court judge approved its sale to to a consortium of Chinese investors, Sailing Innovation Inc., for $135.7 million.

St. Louis -- Build-A-Bear Workshop announced the appointment of Voin Todorovic as the company’s new CFO, effective Sept. 15. He assumes CFO responsibilities at Build-A-Bear Workshop from Tina Klocke, who had been serving as both the company’s CFO and COO. Klocke is leaving to pursue her interests in the not-for-profit business sector. She will remain with the retailer through first quarter 2015 and will retain her position as COO during this time.