Skip to main content

Finance & Capital Management

  • Target exec joins Verizon board

    NEW YORK — Verizon Communications has elected Kathryn A. Tesija, EVP of merchandising and supply chain at Target to the Verizon board of directors, effective immediately.

    "Kathee Tesija brings to Verizon her valuable consumer insight as well as significant experience in managing the complex, large-scale, global retail functions of merchandising and supply chain," said Lowell C. McAdam, Verizon chairman and CEO.

    The addition of Tesija brings Verizon's total board membership to 12.

  • Sprouts Farmers Markets taps Verisae for improved operations and lowered facility costs

    Minneapolis -- Sprouts Farmers Market has installed enterprise asset management software from Verisae to support the company’s aggressive growth strategy.

    The grocery retailer, which recently acquired Sunflower Farmers Market, recently implemented core modules of the Verisae connected facility platform; enterprise asset management (EAM), enterprise refrigerant management (ERM) and enterprise asset purchasing (EAP) solutions.

  • Lowe's continues down transformation road

    New York -- Mooresville, N.C.-based Lowe’s is telling investors and analysts that changes are in the works, a message it has delivered steadily over the last several quarters.

  • Carriers consolidate to enhance southern services

    The Arnold Transportation division of U.S. Xpress Enterprises will merge with LinkAmerica Corp. to create a trucking company with 1,400 vehicles, 5,000 trailers and 1,800 drivers.

    The combined company will operate under the Arnold name and will be jointly owned and operated by Arnold parent company U.S. Xpress and LinkAmerica’s private equity owner Tenex Capital Management.

    The deal extends Arnold's dominance in the regional market with increased capacity and a service footprint that expands to new geographies in southern states.

  • Rite Aid same-store sales down 3% in Q3

    Camp Hill, Pa. — As expected, Hurricane Sandy left its mark on Rite Aid's monthly sales as the chain reported a decline in comps for November.

    The company said the 3% decrease in same-store sales for the five-week period ended Saturday included a 0.5% decrease in front-end comps and a 4.2% decrease in pharmacy comps, while same-store prescription count increased 2.2% compared with the same time last year.

  • Target exec elected to Verizon's board of directors

    New York — Verizon Communications has elected Kathryn A. Tesija, EVP merchandising and supply chain at Target to the Verizon board of directors, effective immediately.

    "Kathee Tesija brings to Verizon her valuable consumer insight as well as significant experience in managing the complex, large-scale, global retail functions of merchandising and supply chain," said Lowell C. McAdam, Verizon chairman and CEO.

    The addition of Tesija brings Verizon's total board membership to 12.

  • Online retailer Gilt names new CEO

    Discount luxury goods retailer Gilt appointed board member Michelle Peluso CEO effective at the end of February 2013 to replace company founder Kevin Ryan.

    Peluso is currently the global consumer chief marketing and Internet officer at Citigroup and has served on the Gilt board since 2009. She fills the position held by Kevin Ryan who founded the innovative company in 2007 and will remain as chairman. Current chairman Susan Lyne will become vice chairman.

  • Online shopping platform names COO

    LOS GATOS, Ca. — Wanderful Media, a new Silicon Valley company that helps retailers bring consumers into local stores and facilitates ways for consumers to discover local merchandise, has appointed Doug Kilponen as its new COO. In his new role, he will oversee all business units and collaborate with CEO Ben T. Smith IV on strategic goals.

    Founded in November 2011, Wanderful Media is creating an online platform for shoppers to explore products and sales with the mission of connecting shoppers with local brick-and-mortar retailers.

X
This ad will auto-close in 10 seconds