Corporate Governance

Consumer electronics retailer HH Gregg is looking for a new chief financial officer after Jeremy Aguilar resigned from the company to accept a similar role elsewhere.

Aguilar spent eight years with the Indianapolis-based operator of 228 stores. His resignation is effective as of January 31 at which time SVP of finance Andrew Giesler will assume CFO responsibilities on an interim basis.

Compton, Calif. – Numerous law firms have launched investigations into the board of directors of Arden Group, Inc. to determine possible breaches of fiduciary duty and other violations of state law in connection with the sale of the company to the investment firm TPG.

New York – At least four law firms are investigating the pending purchase of The Jones Group. The law office of Brodsky & Smith, LLC, Vincent Wong, Farugi and Farugi, LLP and Robbins Arroyo LLP are investigating potential claims against the board of directors of The Jones Group, Inc. relating to the proposed acquisition by Sycamore Partners.

For companies across all industries, 2013 brought a number of challenges that significantly impacted supply chains and presented even greater uncertainty around the state of the transportation industry. Shippers were forced to adapt to a slowly recovering economy and increased regulatory mandates, compounded by the continued pressure to cut costs and maintain — if not improve — service performance levels, all while effectively planning for the future.

Tucson, Ariz. — Metrocom-DBC doing business as Metro PCS is expanding with a new 1,380-sq.-ft. store in Tucson’s Northgate Plaza. The prepaid wireless service provider has 14 stores in California and two in Phoenix. Metro PCS is planning four new stores in Tucson. T-Mobile owns Metro PCS.

Commercial Retail Advisors represented the landlord, TNP SRT Portfolio I, in the transaction. The tenant was self-represented.
 

Online discount retailer DealYard has optimized its site in a customer-friendly way, using personalized recommendations that are provided by CRM vendor 4-tell. In addition, users will receive ideas on what to add next, a feature provided by VeInteractive.

Avon, Mass. – SelecTech, Inc., a provider of flooring products made from recycled materials, is launching a retail/franchise division. Based out of the company’s corporate headquarters in Avon, Mass., the new division will feature customer service and marketing representatives specifically dedicated to retail and franchise customers with multiple locations.

Bob Varakian and and Stephen Spitz were appointed to new roles at leading kitchenware and tabletop manufacturer Lifetime Brands.

The company said Bob Varakian will serve as group president over its cutlery/cutting boards and cookware/bakeware divisions effective January 6. He will report to Lifetime chairman and CEO Jeffrey Siegel. The company also named Stephen Spitz to the role of president for the cutlery/cutting boards division and he will report to Varakian.