eCommerce

BEAUMONT, Texas -- Conn’s announced that it has appointed Theodore Wright to the position of interim CEO and president, following the news that Timothy Frank will step down as president and CEO of the company and resign as a director to pursue other opportunities.Conn’s said it will immediately commence a formal search to identify a permanent CEO.

Fort Myers, Fla. -- White House|Black Market, a division of Chico's FAS announced that Liz Edmiston has been named senior VP, general merchandise manager for White House|Black Market, effective Feb. 28.

Edmiston joins White House|Black Market from Tory Burch, where she served as VP merchandising. She has also served as VP merchandising for Victoria's Secret.
 

Home Depot, Lowe’s and Sears offer free delivery and installation of major appliances, and now Best Buy does too. The company this week announced what it declared was an industry-leading combination of free delivery along with an 18 months same-as-cash financing offer to spark interest in the appliance category.

NEW YORK -- The Knot,  a media company devoted to weddings, nesting and babies, announced that it had repurchased all shares in the company owned by Macy’s Inc.

 BOCA RATON, Fla.-- Office Depot announced that it has launched a new line of energy-efficient lamps under the “Realspace” brand. The full range of Realspace lighting is available at more than 1,100 Office Depot retail store locations across the country and online at www.officedepot.com.

According to the company, all Realspace lighting is California Compliant, with each lamp packaged with a low energy light-bulb. The Realspace Collection also offers an assortment of LED lamps, which are 70%more efficient than using incandescent bulbs.

Beaumont, Texas -- Electronics and appliances retailer Conns announced Monday that its president and CEO Timothy L. Frank has resigned the company.

Conns named Theodore M. Wright as the interim CEO and president, and has launched a search for a permanent replacement.

Frank has led the company as president and CEO since June 2009; he has been president since April 2006, and previously served as COO and senior VP retail.

Frank left to pursue other opportunities, the company said.

New York City --- The Knot, a media company that targets brides-to-be and pregnant women, said Monday that Macy's has sold back its 10.7% stake in The Knot for $37.7 million.

The Knot did not give a reason for the repurchase and said it is part of a previously announced $50 million buyback plan.

The sale doesn't affect the companies' advertising and wedding registry agreements: The Knot will continue to direct wedding-minded readers to Macy's and Bloomingdale's registries, and Macy's will keep advertising in The Knot's media properties.

Target is set to report February same-store sales this Thursday and offer the first data point of the new fiscal year in which same-store sales are forecast to increase in the range of 4% to 5%. For February, the company has forecast a low single-digit increase and last week in conjunction with the release of fourth-quarter results confirmed it was on track to meet the low single-digit number.