Marketing

ROANOKE, Va. — Advance Auto has named George Sherman president of the company as part of its effort to simplify company leadership.

In his role as president, Sherman will be responsible for growing commercial and driving excellence throughout the company’s operations. Sherman will lead the company’s commercial sales, field operations, store operations support, merchandising, marketing, supply chain and e-commerce teams.

New York -- Best Buy Co. Inc. and Target Corp. ended a partnership that positioned Geek Squad agents in Target stores in Denver and Minneapolis, the Minneapolis Star Tribune reported.

The six-month pilot allowed Geek Squad personnel to offer services such as installation and repair to electronics customers at 29 Target stores. The program covered a wide range of consumer electronics products, according to the report.

New York -- In its annual report filed Tuesday, Abercrombie & Fitch revealed that it plans to open Abercrombie & Fitch flagship stores in Seoul and Shanghai in 2013, as well as 20 international Hollister stores. The news sent the teen retailer’s shares rising on Wednesday.

The company also said in the report that it is maintaining its focus on boosting profitability by simplifying processes, eliminating less-profitable parts of its business, shoring up efficiencies and cutting expenses.

Los Angeles - Bebe stores announced Wednesday it has named Katrina Glusac as chief merchandising officer, effective immediately.

In her new role, Glusac will lead the merchandising, visual merchandising and planning & allocations teams in defining and building the brand’s merchandising offerings across all categories.
 
Most recently, Glusac served as chief merchant and VP merchandising at ShoeDazzle.com. Prior to that, she was divisional VP and general merchandising manager of Guess.

Minneapolis -- Supervalu president and CEO Sam Duncan announced Wednesday some major changes to his executive leadership team.

CFO Sherry Smith will leave the company, effective May 30, and no replacement has yet been named. Smith is a 26-year veteran of the company and has served as EVP and CFO since December 2010.

General counsel Todd Sheldon will also leave the company, effective May 30, to be replaced by Karla Robertson, who has been named EVP for legal, effective immediately.

New York -- Staples named former Walmart.com CEO Raul Vazquez to serve on its the board of directors.

Vazquez currently serves as CEO and a director of Progreso Financiero, financial services firm focused on serving the needs of "under-banked" Hispanic customers. The election of directors at Staples will take place at the company’s annual meeting on June 3.

NEW YORK — Totsy, a leading private sale site of children's goods has named Lisa Kennedy as CEO.

WOONSOCKET, R.I. — CVS Caremark has elected former Johnson & Johnson CEO William Weldon to serve on its board of directors, according to a filing with the Securities and Exchange Commission.

Weldon is the former chairman of the board and CEO of Johnson & Johnson, having served in those positions from 2002 until his retirement as CEO in April 2012 and his retirement from the board in December 2012. Weldon previously served in a variety of senior executive positions during his 41-year career with J&J.

HAMPSTEAD, Md., — JoS. A. Bank Clothiers reported that its net sales for the fiscal year were $1.05 billion, representing a 7.1% gain as compared with net sales of $979.9 million in fiscal year 2011. Comparable-store sales decreased 0.5% during fiscal year 2012, while direct marketing sales increased 22.7%. Combined comparable-store and Internet sales in fiscal year 2012 increased 2% when compared with fiscal year 2011.

VALHALLA, N.Y. — Fujifilm North America has earned Walmart's "Vendor of the Year" award for its photo-finishing services in the mass-merchandise retailer's stores, Fujifilm said.

The company, a division of Japan-based Fujifilm, said it received the award in the photo-finishing category at Walmart's Supplier Summit in Orlando, Fla., last month. Fujifilm said the award recognized its manufacturing, quality and distribution capabilities.