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Mass Merchant

  • Ascena Retail Group names sourcing head

    SUFFERN, N.Y. — Ascena Retail Group, a leading specialty retailer offering clothing, shoes, and accessories for missy and plus-size women and tween girls, under the Justice, Lane Bryant, maurices, dressbarn and Catherines brands, has named Ronnie Robinson to the position of president Ascena Global Sourcing (AGS).

  • Fairness Act deals tax blow to online retailers

    The apparent advantage online retailers have over their brick-and-mortar counterparts may soon be gone now that new legislation seeking to enforce the collection of sales tax for all retailers has been introduced.

  • Former Ulta CEO to head Michaels

    IRVING, Texas — Michaels Stores has named Chuck Rubin CEO and a member of the board of directors.  Rubin, currently the president and CEO of Ulta Beauty, will assume his new roles after a brief period of transition, at which time Michaels will discontinue the office of the CEO, established on an interim basis in May 2012.  Charles Sonsteby, a member of the office of the CEO, will continue as the company's chief administrative officer and CFO.

  • Harris Teeter confirms reports of possible sale

    MATTHEWS, N.C. — Harris Teeter on Wednesday confirmed an earlier Wall Street Journal report that the grocer was in the process of exploring strategic options. 

  • Report: Founder of Best Buy may give up on takeover bid

    New York -- Richard Schulze, founder of Best Buy Co., may abandon a buyout bid and instead line up investors to take a minority position in the electronics retailer, Reuters reported.
     
    Schulze informed the Best Buy board in August that he was interested in partnering with private equity partners to buy the struggling consumer electronics company. But he has been unable to get enough support from banks to finance a deal that would allow him to take it private, the report said.

  • CEA praises efforts to ensure tax fairness

    ARLINGTON, Va. — The Consumer Electronics Association has issued praise for the U.S. Congress for introducing legislation to establish sales tax fairness.

  • Schimenti adds new employees

    Ridgefield, Conn. -- Schimenti Construction has added new employees to their staff.

    “Our recent growth, and our planning for the future, has resulted in the need to expand our team of construction professionals,” stated Matthew Schimenti, company president.
     
    The company has hired Edward Sheeran, project manager; Ryan Lumpuy, superintendent; and Kevin Hanley, estimating coordinator.

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