Corporate Governance

Brentwood, Tenn. -- Tractor Supply Company is renewing its Revionics Price Optimization license for three years and expanding the partnership to include the use of Revionics Markdown Optimization. Tractor Supply has used Revionics Price Optimization for regular price management and optimization during the past three years to drive regionalized, shopper-centric everyday value pricing.

Soft sales at leading home goods retailer Bed Bath & Beyond led to a puny comp increase of 1.3%, lower than expected third quarter profits and a downward revision to fourth quarter expectations.

Framingham, Mass. – Staples and Zonoff are expanding the Staples Connect platform in stores and online, including new ecosystem device partners, support for additional wireless protocols, and the opening of a Manhattan in-store display. Companies announcing support for the 2014 expansion of the Staples/Zonoff ecosystem include Kwikset, Netgear, Radio Thermostat, Centralite, Withings, Waxman, Goji, Koubachi, and Rachio.

RG Barry Brands has named Jeff Cosgrove to head its Foot Petals Business Unit. Cosgrove most recently served as the company's VP of sales and merchandising and off-price channel sales.

"Jeff has filled several critical sales and merchandising roles with us since joining our team in Nov. 2008, and we believe he is the right leader to drive continued growth in our comfort insert business while aligning that business with the vast changes currently taking place in the retail marketplace," said president and CEO Greg Tunney.

New York — Faith Hope Consolo, chairman, and Joseph A. Aquino, executive VP of Douglas Elliman’s Retail Group, have arranged a third Manhattan location for Roundabout, a luxury consignment and resale retailer.

The new location between 82nd and 83rd Streets is also the brand’s second Madison Avenue store.

J.C. Penney provided an ambiguous update on its holiday season performance, indicating it showed continued progress in its turnaround efforts and was “pleased” with its performance.

The company released a brief and vague statement Wednesday morning in which it noted, “customers responded well to the company’s offerings this holiday season, both in stores and online.”

By Carole Murphy

Oak Brook, Ill. -- Ace Hardware Corporation has appointed Tom Knox, 59, as president and CEO of Westlake Ace Hardware, Ace’s largest cooperative comprising 85 stores. Knox will be leaving his role as VP, retail business development, training & supply at Ace’s corporate offices and relocating to the Kansas City area to pursue his new role.