Strategy

Glendenning, New South Wales, Australia – McAlpine Hussmann Pty. Ltd., a wholly owned subsidiary of Hussmann Corporation, has acquired the assets of the former Austral Refrigeration case equipment manufacturing and distribution operations from Retail FM (a wholly owned subsidiary of Woolworths Limited). At the same time, McAlpine Hussmann Australia Pty. Ltd. has acquired the Suzhou China case equipment manufacturing and distribution business from Retail FM.
 

Fort Worth, Texas – RadioShack has named Mark A. Boerio to the newly created position of senior VP, inventory planning and allocation, effective Dec. 3. He is the latest addition to the new leadership team being assembled by CEO Joseph C. Magnacca as the company executes its strategic plan to reposition the brand, revamp the product assortment, reinvigorate the stores, increase its operational efficiency and enhance financial flexibility.

Shopko has named retail industry veteran Peter McMahon as its new CEO.

McMahon has more than 30 years of experience in international retail. Most recently McMahon served as the COO at Loblaws. As COO, McMahon was responsible for Loblaws’ supply chain, IT, HR, labor relations, merchandising, store operations and loss prevention functions. Prior to his time at Loblaws, McMahon held senior-level positions at Walmart in Germany and Japan and Tesco in central Europe.

Irvine, Calif. -- In early 2013, global touch-screen electronic POS manufacturer J2 Retail Systems was acquired by The Aures Group. Having maintained separate operations in the U.S. market for the past nine months, the two companies, J2 Retail Systems, Inc. and Aures Technologies, Inc., have today announced their merger. They will now trade as J2 Retail Systems, Inc.

RadioShack has appointed former Belk executive Mark A. Boerio to the newly created position of SVP, inventory planning and allocation, effective Dec. 3.

He is the latest addition to the leadership team being assembled by CEO Joseph C. Magnacca as the company repositions the brand, revamps the product assortment, reinvigorates the stores, increases its operational efficiency and enhances financial flexibility.

Chicago -- Upward growth in large-scale, new construction projects as well as an uptick in fine dining and hospitality construction, is predicted for 2014, according to Englewood Construction’s Commercial Construction Forecast 2014.

Bentonville, Ark. – Wal-Mart Stores said Mike Duke will retire as president and CEO, effective Feb. 1, 2014, and will be replaced by veteran company executive Doug McMillon. McMillon, 47, president and CEO of Walmart International, was also named to Wal-Mart’s board, effective immediately.

Woonsocket, R.I. - Mark Cosby will step down as president of CVS/pharmacy effective Dec. 31. As retail president, he has led the company since October 2011 with responsibility for all aspects of the company's retail business including its more than 7,600 retail stores, 19 distribution centers and retail merchandising, supply chain, marketing, real estate, front store and pharmacy operations.