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Conn’s to close five stores
Beaumont, Texas -- Conn’s announced that it plans to close five underperforming stores during January 2012.
“The closing of the five stores this month is a continuation of our previously communicated plan to evaluate our existing store base and close or relocate underperforming stores. Additionally, we are progressing on our plans to open five to seven new stores in fiscal 2013, in areas with compelling demographic characteristics that we believe are favorable to our business model,” commented Theodore Wright, the company’s CEO. -
Wal-Mart names Rosalind Brewer CEO of Sam’s Club; first female CEO in company history
Bentonville, Ark. -- Wal-Mart Stores announced a series of management changes that include an unexpected change in leadership at Sam’s Club, and a new chief information officer. The retailer said Sam's Club president and CEO Brian Cornell, 52, is resigning so that he and his wife can move back to the Northeast for family reasons. His departure comes as Sam’s has experienced strong sales growth.