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Tesco CEO resists calls to resign amid falling profits
Cheshunt, U.K. – Philip Clarke, CEO of leading U.K. grocery and general merchandise retailer Tesco plc is publicly resisting calls for his resignation following a 6% decline in annual profits and 3% quarterly drop in U.K. same-store sales. Tesco has reported falling profits for two consecutive years following 20 years of continual profit growth.
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Tractor Supply names VP store operations
Brentwood, Tenn. -- Tractor Supply Company announced that Lee Downing has been promoted to executive VP store operations, effective April 14. In conjunction with his promotion, he will assume added leadership responsibilities for the company's real estate team.
In addition to leading the store operations and store support administration teams, Downing will be responsible for the strategic new store site selection, facilitation of store openings and ongoing maintenance, in addition to other real estate functions.
centennial this year, the seafood brand invited consumers to submit suggested names to christen the icon for a chance to win $10,000.