Corporate Governance

Ross Stores has promoted Michael Hartshorn to CFO, retaining his SVP title, effective Feb. 2. Hartshorn will be responsible for the accounting, treasury, financial planning, tax, risk management and investor relations functions.  

As CFO, he will continue to report to John Call, group SVP, finance and legal, and corporate secretary.

Brookshire Grocery plans to reduce shrink and improve in-store operations with Retail 20/20 reporting, a cloud-based exception reporting solution by Agilence.

"We needed a powerful reporting application to get the most out of our data and a team to help us drive it," stated John D'Anna, CIO for Brookshire Grocery. "After a six-month pilot, it was clear that Retail 20/20 was able to deliver a significant return on our investment."

Pharmacy benefit analytics company Truveris has named former Walgreens and Apple veteran Anthony Barrett as VP sales, central region.

Barrett joins Truveris with more than 33 years of achieving growth and leading strategic business development, sales and clinical teams. Experienced in healthcare and IT, Barrett worked at Healthways, Prime Therapeutics, Walgreens, Apple and Xerox.

ShopAdvisor, is a mobile service that reminds consumers of the things they want to buy later on, has named Peter O’Kelly as chief data officer. He will lead the company’s efforts to turn its collection of intent and affinity shopping data into offerings for media providers, marketers and retailers.

Crest has launched Be, a new line of toothpastes that features three new flavors: Mint Chocolate Trek, Vanilla Mint Spark and Lime Spearmint Zest.

Irvine, Calif. -- Merchandise returns in 2013 cost U.S. retailers more than $267 billion in lost sales. That’s one of the findings contained in The Retail Equation’s 2013 Consumer Returns in the Retail Industry study, which analyzes results from the National Retail Federation’s annual survey on merchandise returns and the 2012 Canadian Retail Security Survey from The Retail Council of Canada National Retail Federation.

Toronto -- Hudson's Bay Company will sell its flagship in downtown Toronto and neighboring office tower for C$650 million ($587.09 million) to an affiliate of commercial real estate developer Cadillac Fairview Corp., and open a full-line, 150,000-sq.-ft. Saks store in the leased-back space.

Houston -- Francesca's Holdings Corp. announced that in connection with a management restructuring, Theresa Backes, president and COO of Francesca's, will be leaving the company effective Jan. 27.

The board of directors appointed Neill P. Davis, Francesca's CEO, to the additional title of president. The retailer said it will not replace the COO position, and will realign the responsibilities among Davis and other existing executive officers.

Los Angeles -- The Coffee Bean & Tea Left said that Bill Robards has joined the company as VP of store development. He will be responsible for delivering upon the brand's extensive growth and expansion plans in the United States.

Washington, D.C. — A day after he gives his State of the Union speech, President Obama will follow up Wednesday with visits to a Costco store in Maryland and a steel plant in Pennsylvania, USA Today reported.

During his stop at the Costco in Lanham, which is located about 15 miles from the White House, Obama is expected to deliver remarks on the economy, the report said.