Marketing

E-commerce infrastructure and cybersecurity initiatives. HVAC equipment upgrades and energy management systems. These days, retail CFOs must allocate capital expenditures to an ever-growing list of components — not all visible to the public but critical to corporate health. And while the role of the retail CFO has broadened considerably in recent years, becoming more strategic and more integral to business decision-making, capex spending remains a top item on their agenda.

“The CFO’s role in prioritizing investments, in what gets done, is still there.

Cincinnati -- Kroger now finds itself in need of a COO.  

In an abrupt announcement, Kroger on Tuesday said president and COO Mike Ellis has retired after 40 years with the company. The grocer said a successor will be named at a later date.
 

Leadership of the Kroger Co.’s retail operations is in limbo following the retirement of COO Mike Ellis, with no immediate successor named.

The Kroger Co. announced that Ellis has retired after 40 years with the company.

San Jose, Calif. – The long-anticipated separation of eBay Inc. and PayPal Inc. into two independent, publicly traded companies is almost here. Now that the split has received official approval from the eBay board of directors, it is expected to occur July 17.

Save Mart Supermarkets is revving up its marketing efforts with a multi-year agreement to co- sponsor the annual NASCAR Sprint Cup Series race at Sonoma Raceway.

Save Mart Supermarkets’ status as either title or co-title sponsor of the annual Cup event in Sonoma is one of the longest runs in all of NASCAR Cup racing. The new agreement is for five years, extending through 2020. First partnering with the raceway in 1992, Save Mart will celebrate its 25thanniversary as a race sponsor in Sonoma in 2016.

Camp Hill, Pa. -- A veteran Target executive is joining Rite Aid.

The drugstore chain on Monday announced that Bryan Everett is joining Rite Aid as executive VP store operations, effective Aug. 3. He will be responsible for all operations at the company’s nearly 4,600 chainwide stores and will report to Rite Aid president and COO Ken Martindale.

With many retailers such as Walmart and Target focused on opening smaller stores, Midwest supermarket operator Roundy’s is thinking big in Chicago with its newest Mariano’s location.

A former Target executive who led new format, new store and remodeling programs while also overseeing pharmacies and clinics is joining Rite Aid as executive vice president of store operations.

Bryan Everett will be responsible for all operations at the company’s nearly 4,600 chainwide stores and will report to Rite Aid’s president and COO Ken Martindale. Everett will succeed Bob Thompson, who has announced his retirement from the company, effective January.