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Winners in the Toshiba/IBM POS Deal
IBM’s decision to sell its Retail Store Solutions (RSS) business to Toshiba TEC was the most significant announcement in the retail point-of-sale industry in the last 10 years, according to industry analyst Greg Buzek, president, IHL Group, Franklin, Tenn. The acquisition establishes a new company in which Toshiba will initially own 80.1% and IBM 19.9% for the next three years to aid transition and after which time IBM will relinquish its stake.
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Supervalu names new heads for Albertsons, Acme and Cub Foods
MINNEAPOLIS — Supervalu has made three new executive appointments following the departure of Sue Klug, president of its Albertsons Southern California division.
Dan Sanders has been tapped to head Albertsons Southern California, Keith Wyche will lead Acme and Brian Audette has been named president at Cub Foods.