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Container Store chief Kip Tindell succeeds Saks’ Sadove as chairman of NRF board
New York -- The National Retail Federation announced that The Container Store chairman and CEO Kip Tindell has been elected chairman of the NRF board of directors and chairman of its executive committee, succeeding Stephen I. Sadove, retired chairman and CEO of Saks, Inc.
Tindell was elected at the Board of Directors meeting held Sunday during NRF’s 104th Annual Convention and EXPO, Retail’s BIG Show.
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Body Central closes all stores, fires all employees
Apparently closing all of your stores and firing all of your employees is among the actions a retailer can take when it is “exploring strategic alternatives.”
Body Central Inc., which announced early this month that it was $18 million in debt and exploring strategic alternatives, has shuttered all 265 of its stores and fired 2,500 employees.
