Marketing

Hoffman Estates, Ill. -- Sears Holdings Corp. said Friday it has named Ryan Vero senior VP and president, Grocery, Drug and Pharmacy.

Vero most recently served as the executive VP and chief merchandising/marketing officer for OfficeMax. He spend 17 years with the office supply retailer and was most recently responsible for merchandising, marketing, new channels, and e-commerce business, in addition to global sourcing, private brands, product development and pricing.
 

Los Angeles -- Guess said Thursday that its COO J. Michael Prince and CFO Dennis Secor both have resigned the company to pursue other interests.

Prince’s departure is effective Nov. 26 and Secor will stay until Dec. 7.

The company said it does not have any immediate plans to replace the COO position and will realign these responsibilities among various senior executives. Michael Relich, executive VP and CIO, will assume additional operational responsibilities, including logistics. 

Ralphs and Food 4 Less don't have stores anywhere near the Northeastern U.S., but that didn't stop the Kroger divisions from joining with other retailers providing an outpouring of support to those coping with the aftermath of Hurricane Sandy.

Dallas -- 7-Eleven announced that it has acquired the retail and wholesale dealer assets of San Antonio-based Tetco, closing a deal that was announced Aug. 14.

The assets include 163 company-operated convenience stores in Utah and the Dallas-Fort Worth, Austin and San Antonio areas of Texas.

Terms of the deal were not disclosed.

The acquisition signals a return to San Antonio for 7-Eleven, where the company had operated stores until 1989.

PAWTUCKET, R.I. — Hasbro has provided $100,000 in combined grant support through the Hasbro Children’s Fund to the American Red Cross, World Vision and Feeding America to support their relief efforts following Hurricane Sandy. Additionally, over 10,000 games have been donated to shelters along the east coast.

SAN FRANCISCO — Gap Inc.appears to be on the upswing, reporting positive same-store sales across all of its divisions for both the third quarter and October. 

Net sales for the third quarter increased 8% to $3.86 billion compared with $3.59 billion for the third quarter last year. The company’s third quarter comparable sales were up 65 compared with a 5% decrease in the third quarter last year.

Indianapolis -- Hhgregg reported Friday that net income for the quarter ended Sept. 30 dropped to $3.8 million from $6 million last year. Sales dipped 5% to $587.6 million and same-store sales dropped 8.8%.

According to CEO Dennis May, the electronics and appliances retailer is testing new merchandise and, in the third quarter, will roll out furniture and exercise equipment to all stores. He also said the current fiscal 2013 outlook calls for 20 new store openings from a previous range of 20-22.

Altoona, Pa. -- C-store chain Sheetz announced Friday that Joe Sheetz will assume the role of president and CEO, and current president and CEO Stan Sheetz will become chairman of the board, effective October 2013.

Joe Sheetz is currently executive VP finance and store development.

Steve Sheetz, will leave his chairman seat to fill a newly created position of Family Council Chairman, allowing him to represent the Sheetz family shareholders in company-related issues, while remaining as chairman of CLI Transport, Sheetz dedicated fuel carrier.