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Toys ‘R’ Us taps former Staples exec as managing director, Europe
Wayne, N.J. – Toys “R” Us has appointed Michael Melzer as managing director, Central Europe, responsible for the company’s operations throughout Germany, Austria and Switzerland, including 91 stores and four e-commerce sites.
Melzer previously served as managing director of Staples in Germany, overseeing both its retail stores and online business. Before that, he spent five years with the department store chain Karstadt, first as director, corporate development and later as managing director of its e-commerce business. -
Destination Maternity has ‘disappointing’ fourth quarter
A decrease in same-store sales and losses resulting from Destination Maternity’s continued efforts to close underperforming stores fueled a net sales decline in the fourth quarter — just two months after Anthony Romano came on board as CEO.
Net sales at Destination Maternity dropped 5% to $122 million in the fourth quarter of fiscal 2014, from $128.3 million the same quarter a year earlier. Same-store sales, including Internet sales, declined 5%. Sales results were below previously released guidance.