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  • Ulta Beauty CEO named chief executive of Michaels Stores

    Irving, Texas -- Michaels Stores has named Chuck Rubin as CEO and a member of the board of directors. Rubin is currently the president and CEO of Ulta Beauty.

    Rubin will assume his new roles after a brief period of transition, at which time Michaels will discontinue the “Office of the Chief Executive Officer,” established on an interim basis in May 2012. Charles "Chuck" Sonsteby, a member of the Office of the CEO, will continue as Michaels’ CFO and chief administrative officer.

  • CEO of The Limited stepping down; retailer names interim management team

    Columbus, Ohio -- The Limited has established an interim “Office of the President” to manage the day-to-day operations of the business while it searches for a new CEO. The retailer said that its chief executive, Linda Heasley, who joined in 2007, is stepping down to pursue other interests effective Feb. 15.
       
    The interim office will be filled by three current executives, John Buell, EVP and CFO; Nicolas Frechette, SVP and general merchandise manager; and William Acevedo, SVP of stores; who will report to the board of directors.

  • Limited CEO named CEO of Lane Bryant

    Suffern, N.Y. -- Ascena Retail Group announced that Linda Heasley has accepted the position of president and CEO of Lane Bryant effective Feb. 18. Heasley joins Lane Bryant division after six years as president and CEO of The Limited. (The Limited has announced a search for a new chief executive.)

  • Toys “R” Us CEO stepping down

    Wayne, N.J. -- The search is on for a new chief executive of Toys “R” Us with the announcement that Gerald L. Storch is stepping down as CEO of the company. The news comes just weeks after the world's largest dedicated toy retailer reported that its same-store U.S. sales fell 4.5% during the holiday season, and that its total sales fell 4.7%. 

  • GE Capital renews private label card program with J.C. Penney

    Stamford, Conn. -- GE Capital Retail Bank, a consumer lending unit of General Electric Company (GE), has renewed its private label credit card program with J.C. Penney Co.

    The JCP consumer card program provides credit to millions of consumers who shop at more than 1,100 J.C. Penney stores in communities across the United States and Puerto Rico, as well as online at JCP.com.

  • Apple, Costco and Container Store top ‘100 Best Retailers to Work For’ list

    Raleigh, N.C. -- Apple, Costco and The Container Store top the “2012 100 Best Retailers To Work For” list compiled by The Retail Life online retail community, which was developed by Headway Workforce Solutions. DSW and American Eagle outfitters round out the top five.

    The list, derived from The Retail Life members, was based on a variety of criteria, such as: competitive salaries, employee reviews, company pride, organizational values and culture, socialization opportunities, and career advancement opportunities.

  • Survey: Top shopping app is Shopkick

    Palo Alto, Calif. -- The shopping app Shopkick on Wednesday announced that Nielsen ranked Shopkick No. 34 out of approximately 1 million apps in December 2012. While still trailing giants like Facebook, YouTube and Twitter overall, Shopkick dominated the shopping category during the holiday season, with more frequent and prolonged usage than all physical retailers' own apps including Starbucks, Walmart, Walgreens, Kroger and Safeway, the app developer noted.

  • Report: Apple to relocate 20 stores

    New York -- Apple Inc. will shut down 20 stores and move them to new, larger locations, according to the Los Angeles Times.

    Tim Cook, CEO of Apple, said that the company is looking to relocate the stores in order to make them larger.

    The company also will open 30 additional stores at new locations, mostly outside the United States, including its first location in Turkey.

     

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