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  • Sears to spin off 89-store Orchard Supply Hardware chain

    Hoffman Estates, Ill. -- Sears Holdings Corp. disclosed in a Thursday filing that it plans to spin off its Orchard Supply Hardware Stores Corp. business as a separate, publicly traded company.

  • Skechers to open at Burbank Station

    Chicago -- Oakbrook Terrace, Ill.-based Mid-America Asset Management Inc. said that Skechers recently signed a lease for 8,690 sq. ft. at Burbank Station in Chicago's west suburbs.

    The new store is slated to open in the fall.

    Burbank Station is a 303,566-sq.-ft. suburban retail center anchored by Food 4 Less, Sports Authority, Babies “R” Us, Office Max, PetSmart and HomeGoods.
     

  • New leader named at Sears Canada

    TORONTO — Sears Canada has announced the appointment of Calvin McDonald as its president and CEO, effective immediately. McDonald most recently served as EVP, conventional division of Loblaw Companies Limited. He will succeed Dene Rogers, who has served as president and CEO of Sears Canada since 2006.

  • Best Buy to sublet store space to smaller retailers

    Minneapolis -- Elaborating on previously announced plans to downsize its brick-and-mortar footprint, Best Buy CEO Brian Dunn said this week that the electronics retailer is launching plans to wall off parts of its big-box stores and sublease the space to smaller retailers, such as grocers, beauty supply stores, home furnishing outlets and others.

  • Long-time food retail exec named CFO at Chico's

    FORT MYERS, Fla. — Chico's has named Pamela Knous EVP, CFO and chief accounting officer. Knous assumes the principal finance, accounting, investor relations, and strategic planning responsibilities currently under the direction of Kent Kleeberger, who was appointed to the position of EVP, COO in March. Knous is expected to join the company on June 23 and will report directly to Chico's president and CEO, David Dyer.

  • Tiffany announces executive personnel shifts

    New York City -- Tiffany & Co. reported Thursday that it has shuffled responsibilities among two of its executive officers, effective immediately.

    Patrick F. McGuiness, 45, has been appointed senior VP and CFO. He joined Tiffany in 1990 and has held a variety of management positions within the finance and merchandising divisions. He was promoted to senior VP finance in 2007, and the new appointment adds responsibility for the retailer’s investor relations program.

  • RILA adds Sears, 7-Eleven chiefs to board

    Washington, D.C. -- The Retail Industry Leaders Association announced Thursday it has added two retail industry executives to its board of directors during its semi-annual meeting held this week in Washington, D.C.

    Joining the board are Louis D’Ambrosio, president and CEO of Sears Holding Corp., and Joseph DePinto, president and CEO of 7-Eleven.

  • Two new executives join RILA board

    WASHINGTON — The Retail Industry Leaders Association announced that Louis D'Ambrosio, president and CEO of Sears Holdings and Joseph DePinto, president and CEO of 7-Eleven, have been named to its board of directors.

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