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  • Petland hires ex-Walmart exec as it aims to expand

    Petland has hired a former Walmart executive as vice president of corporate stores as the pet supply retailer looks to expand its national footprint. 

    Although Tony Samples last worked at Walmart in 2006, Petland touted his Walmart experience in a news release. "Tony brings extensive retail experience to Petland at a time when Petland is expanding its retail footprint," said Petland President and CEO Joe Watson. Samples will lead Petland's retail store division and oversee the company's merchandising and marketing efforts.

  • GE executive to lead supply chain at Advance Auto Parts

    Advance Auto Parts has appointed a longtime GE executive as it supply chain leader. 

    Todd Greener has been named senior vice president and will lead the company’s supply chain function in its efforts to support Advance Auto Parts stores and customers.

  • Robert Nardelli joins board of Pep Boys

    New York -- Robert Nardelli, the former chairman and CEO of The Home Depot and Chrysler, is joining Pep Boys.

    Nardelli has been appointed to Pep Boys’ board of directors, bringing the current size of the board to nine directors.

  • Fewer discounts help American Eagle beat estimates

    American Eagle Outfitters reported better-than-expected revenue for the fourth quarter, as an improved assortment and fewer discounts drove sales.

    The teen apparel retailer said it earned $61.6 million, or 32 cents a share, in the fourth quarter, up from $10.5 million, or 5 cents a share, in the year-earlier period. Revenue grew 3% to $1.07 billion. Same store sales, which includes online sales, were flat, but they beat management forecasts.

  • Starboard to Staples: Improve your board

    New York – Activist investor Starboard Value LP, which holds a 4.5% ownership stake in Staples Inc., is telling Staples it needs to improve its board of directors to complete a proposed acquisition of Office Depot. In an open letter to members of the Staples board from Starboard Value managing member Jeffrey C. Smith, the combined companies’ board must have the “proper skill set” in place to oversee the integration.

  • Target to cut thousands of jobs in $2 billion restructuring

    New York -- Target Corp. plans to cut “several thousand” jobs, mainly at headquarters, during the next two years and invest $1 billion in technology and supply chain in 2015 as part of an ambitious and wide-reaching plan to transform its business for a digital age. (Target expects to invest between $2 and $2.2 billion in total capital expenditures in 2015.)
     

  • Report: Best Buy services president will leave company

    Minneapolis – Christopher Askew, president of Best Buy services, is reportedly leaving the company. According to the Wall Street Journal, Askew is leaving his post overseeing Best Buy’s Geek Squad technology services offering less than two years after he was hired from NCR Corp.

    An internal company memo indicates CEO Hubert Joly will oversee the services organization on an interim basis. Best Buy confirmed the memo. The retailer has been expanding its showroom floor space as services sales have been declining.
     

  • Fitch names Hermann Behrens to new post of CEO, North American

    New York -- Retail and brand consultancy Fitch has appointed Hermann Behrens to the newly created role of CEO, North America, effective immediately. Behrens will lead the business out of Fitch’s newly established office in New York.

    Behrens will be responsible for expanding Fitch’s reputation and client base in North America. He will work closely with the management teams at the company’s design studio in Columbus, Ohio and its architecture and engineering practices in Phoenix, Atlanta and Irvine.

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