Strategy

Massage Envy on Monday named Joseph Magnacca CEO. Former CEO Dave Crisalli will continue to serve the business as a member of its board.

Sam’s Club has entered into an agreement with Visa to begin accepting Visa credit cards starting Feb. 1.

“Everything we do is in an effort to better serve our members and extend the value of membership. By accepting Visa credit cards, we are giving our members more ways to shop that are convenient for them,” says Tracey Brown, chief member officer at Sam’s Club.

Ascena Retail Group has a new senior VP to lead the company through its next phase of growth.

The company announced that Duane Holloway has been named senior VP and general counsel, effective immediately. Holloway will serve on the company’s leadership team and report to David Jaffe, president and CEO. He will be responsible for overseeing all legal matters for the Company.

Aeropostale announced on Friday that the New York Stock Exchange had accepted the company's plan for continued listing, subject to quarterly review.

Walmart said it will close 269 stores worldwide this year, including many of its smallest-format stores, in a move that CEO Doug McMillon characterized as being more disciplined about growth. It is one of the largest number of stores closures that Walmart has ever announced at one time.

Plymouth Meeting, Pa. -- Metro Commercial Real Estate announced it has negotiated 10 new store openings for The Vitamin Shoppe in Pennsylvania and New Jersey.

The Vitamin Shoppe, is a leading multichannel specialty retailer and contract manufacturer of nutritional products with 700+ stores throughout the U.S., Puerto Rico and Canada.

The Vitamin Shoppe Pennsylvania locations: Chadds Ford, Fairless Hills, Feasterville, Lancaster, Paoli, Philadelphia, Dickson City/Scranton and Wilkes-Barre.

Boston -- Gordon Brothers Group announced the appointment of John Dattilo as director, real estate of the commercial & industrial division, to the Chicago office. Dattilo will oversee the analysis, acquisition and sale of industrial real estate assets.

Veteran retail information technology executive Kathy Persian is the new CIO at a leading integrated food retailing company.

The Schwan Food Company named Kathy Persian senior VP and CIO with responsibility for the strategic direction and execution of the company’s information services department.