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  • Conn’s names new CFO as Q1 disappoints; will open 10-12 stores

    Specialty electronics and furniture chain Conn’s Inc. is shuffling its executive ranks as it swings to a net loss in the first quarter of fiscal 2017.

    Lee Wright, formerly CEO for oil field service firm Professional Directional Enterprises Inc., will succeed Tom Moran as CFO, starting on June 22, 2016. Wright also has experience in the private equity industry. Moran, who joined the retailer in July 2015, is expected to remain at the company for a period of 120 days to support a seamless transition.

  • Staples on hunt for new CEO; interim chief named

    The long-drawn out battle over the merger of Staples and Office Depot has claimed its first victim.

    Staples chairman and CEO Ron Sargent will step down after the chain’s annual shareholders meeting on June 14. His exit comes just weeks after a federal judge struck down Staples’ proposed acquisition of rival Office Depot. http://www.chainstoreage.com/article/staples-and-office-depot-call-merger-wake-ruling
     

  • Gap exec moving over to specialty athletic retailer

    A store development executive from Gap Inc. has been tapped to head up real estate for Foot Locker.   Foot Locker announced the appointment of Scott Martin as senior VP – real estate, effective June 13. Martin succeeds Jeffrey Berk, who retired in April after almost 20 years with the company.    
  • Today's Consumer is Smarter - Is Your Board?

    Today, when it comes to adding new members to your board of directors, creating a balance between industry experience and innovation is extraordinarily important.    Filling board seats with industry veterans and compliance experts may feel comfortable in the short term. But, to adapt to today's savvy and demanding consumer, companies must be more forward thinking.  
  • Chico’s names retail veteran as new corporate counsel

    Chico's FAS Inc. has appointed Susan Lanigan as executive VP and general counsel.
     
    Lanigan has 25 years of professional experience and more than 15 years of business experience in the retail industry, including serving as executive VP, general counsel of Dollar General Corp.
     

  • Amazon plans three new fulfillment centers

    Amazon.com Inc. is supporting continued growth in California with fulfillment centers launching in the cities of Tracy and Eastvale.

  • Chico’s nominates Walmart and Hudson’s Bay vets to board

    Chico’s FAS is nominating two new independent board members as two current members prepare to retire and an investor says it will nominate its own two candidates.
     

  • Holland a perfect fit as ICSC chair

    Members of the International Council of Shopping Centers (ICSC) elected Elizabeth Holland as chairman, marking only the fourth time in the past 59 years a woman has chaired the organization.

    Holland brings a unique skill set to the role given ICSC’s top legislative priority and the upcoming presidential election. The period following the inauguration of a new president is always a critical time in Washington, heralding what is traditionally the most active time in the legislative cycle, according to ICSC.

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