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Off-pricer announces senior management promotions
Burlington Stores is promoting three key executives, with the appointments all effective January 30, 2017. The appointments include the following: • Jennifer Vecchio, executive VP/chief merchandising officer since May 2015, will be promoted to the newly created role of chief merchandising officer/principal, and will assume responsibility for the merchandise planning, allocation and MIO functions. -
Best Buy CEO says he’s not leaving
Hubert Joly, chairman and CEO of Best Buy, denied a report that has him taking the helm of a European retailing giant. A report by Reuters, which cited Brazilian newspaper Valor Economico, said that Carrefour, the world’s second largest retailer, had identified Joly as a replacement for its current CEO, Georges Plassat, whose term ends in May 2018.

